Distribution of Liquidation Proceeds. (a) The Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower and prior claims which the Agent anticipates may need to be paid.
Appears in 8 contracts
Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Gander Mountain Co)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the any Agent in the exercise of rights as a secured creditor of the Borrower Loan Parties and prior claims which the Agent anticipates Agents anticipate may need to be paid.
Appears in 8 contracts
Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Revolving Credit Note (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Collateral Agent in the exercise of rights as a secured creditor of the Borrower Borrowers and prior claims which the Collateral Agent anticipates anticipate may need to be paid.
Appears in 3 contracts
Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Collateral Agent in the exercise of rights as a 105 secured creditor of the Borrower Borrowers and prior claims which the Collateral Agent anticipates anticipate may need to be paid.
Appears in 2 contracts
Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
Distribution of Liquidation Proceeds. (a) The Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of reasonably anticipated future expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower and prior claims which the Agent anticipates may need to be paid.
Appears in 2 contracts
Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (Wild Oats Markets Inc)
Distribution of Liquidation Proceeds. (a) The Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be maybe deposited in anticipation of reasonably anticipated future expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower and prior claims which the Agent anticipates may need to be paid.
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Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the any Agent in the exercise of rights as a secured creditor of the Borrower Borrowers and prior claims which the Agent anticipates Agents anticipate may need to be paid.
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Distribution of Liquidation Proceeds. (a) The Agent Collateral Agents may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Agent Collateral Agents in the exercise of rights as a secured creditor of the Borrower Borrowers and prior claims which the Agent anticipates Collateral Agents anticipate may need to be paid.
Appears in 1 contract
Samples: Value City Department Stores Inc /Oh
Distribution of Liquidation Proceeds. (ai) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower and prior claims which the Agent anticipates may need to be paid.anticipation
Appears in 1 contract
Samples: Loan Agreement (Natural Wonders Inc)
Distribution of Liquidation Proceeds. (a) The Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future 104 expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower Borrowers and prior claims which the Agent anticipates may need to be paid.
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Distribution of Liquidation Proceeds. (a) The Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Agent in the exercise of rights as a secured creditor of the Borrower Loan Parties and prior claims which the Agent anticipates may need to be paid.
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Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of reasonably anticipated future expenses which may be incurred by the Collateral Agent in the exercise of rights as a secured creditor of the Borrower Borrowers and prior claims which the Collateral Agent anticipates may need to be paid.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by the Collateral Agent in the exercise of rights as a secured creditor of the Borrower and prior claims which the Collateral Agent anticipates may need to be paid.
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