Common use of Distribution of Collateral Proceeds Clause in Contracts

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Event of Default, the Administrative Agent or any Lender, as the case may be, receives any monies in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall, subject to the Intercreditor Agreement, be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any an Event of DefaultDefault exists, the Administrative Agent or any Lender, as the case may be, receives any monies in connection with the enforcement of this Agreement or any of the Security Documents, or otherwise with respect to the realization upon upon, or disposition of, any of the Collateral, such monies shall, subject to the Intercreditor Agreement, shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any an Event of Default, Default exists and the Administrative Agent or any Lender, as the case may be, receives any monies in connection with a Liquidation or the enforcement of this Agreement or any of the Security Documents, or otherwise with respect to the realization upon upon, or disposition of, any of the Collateral, such monies shall, subject to the Intercreditor Agreement, shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Adminisitrative Agent, the Documentation Agent or any Lender, as the case may be, receives any monies in connection with the enforcement of this Agreement or any of the Security Other Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall, subject to the Intercreditor Agreement, shall be distributed for application as follows: