Distribution of Enforcement Proceeds Sample Clauses

Distribution of Enforcement Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Lender as the case may be, receives any monies in connection with the enforcement of any of the Loan Documents, such monies shall be distributed for application as follows:
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Distribution of Enforcement Proceeds. All moneys from time to time received or recovered by the Agent in connection with the realisation and enforcement of all or any part of the Transaction Security shall be held by the Agent on trust to apply them as soon as reasonably practicable and to the extent permitted by applicable law, in the following order of priority:
Sample 1Sample 2Sample 3See All (7)
Distribution of Enforcement Proceeds. On and after the occurrence of an Event of Default, all proceeds of Collateral received by the Lender (including, without limitation, any amount of any balances held by any Lender for the account of any other Lender or any other property held or owing by it to or for the credit or for the account of any Lender setoff or appropriated by it) ("Enforcement Proceeds") shall be delivered to the Lender.
Sample 1
Distribution of Enforcement Proceeds. The Security Trustee shall distribute any proceeds resulting from the enforcement of the security interests granted to it hereunder to the Secured Parties as follows: All enforcement proceeds resulting from the collection of a Difference Claim of the Clearing Member against Eurex Clearing AG arising in respect of a particular ICM Clearing Agreement shall solely be distributed to such Secured Party that is a party to such ICM Clearing Agreement, but not to any other Secured Party. E C A G - 2 0 1 7 0 4 1 9 -
Sample 1
Distribution of Enforcement Proceeds. All proceeds of the Collateral received in connection with any Enforcement by the Second Note Trustee or the VEBA Trustee shall be paid to the Second Note Trustee (and the Company hereby directs the VEBA Trustee to promptly pay any such amounts received by it to the Second Note Trustee) and applied in accordance with the following procedures:
Sample 1
Distribution of Enforcement Proceeds. (a) So long as any of the First Obligations or any other amounts in respect of or relating to the Credit Agreement or the First Collateral Documents remain outstanding, all proceeds of the Collateral received in connection with any Enforcement by the First Lender or the Junior Lender shall be paid to the First Lender and the Junior Lender in accordance with the following procedures:
Sample 1
Distribution of Enforcement Proceeds. So long as any of the First Priority Debt or any other amount in respect of or relating to the First Priority Debt remains outstanding (including any unpaid or unexpired Letter of Credit), all proceeds of the Collateral received in connection with any Enforcement by First Lienholder or by Second Lienholder shall be applied in accordance with the following procedures notwithstanding any provision to the contrary herein or in any other Loan Document:
Sample 1
AutoNDA by SimpleDocs

Related to Distribution of Enforcement Proceeds

  • Application of Net Proceeds The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Distribution of Collateral Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Distribution of Liquidation Proceeds Subject to the terms and conditions hereof, the Administrative Agent shall distribute all Liquidation Proceeds in the order and manner set forth below:

  • Application of Proceeds from Collateral All proceeds from each sale of, or other realization upon, all or any part of the Collateral by any Secured Party after an Event of Default arises shall be applied as follows:

  • Application of Trust Moneys The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.01. The Trustee shall apply the deposited U.S. Legal Tender or the U.S. Government obligations, together with earnings thereon, through the Paying Agent, in accordance with this Indenture and the terms of the irrevocable trust agreement established pursuant to Section 8.01, to the payment of principal of and interest on the Notes. Anything in this Article Eight to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the Company's request any U.S. Legal Tender or U.S. Government Obligations held by it as provided in Section 8.01(d) which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

  • Application of Proceeds The Collateral Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including any Collateral consisting of cash, as follows: FIRST, to the payment of all costs and expenses incurred by the Administrative Agent or the Collateral Agent (in their respective capacities as such hereunder or under any other Loan Document) in connection with such collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent or the Administrative Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; SECOND, to the payment in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among the Administrative Agent, any Swingline Lender and any Issuing Bank pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on the date of any such distribution); THIRD, to the payment in full of all other Obligations (the amounts so applied to be distributed (subject to the first proviso to Section 3.01 and clause (B) of the first proviso to Section 4.01(a)) among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and FOURTH, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

Time is Money Join Law Insider Premium to draft better contracts faster.