Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default or Loan Default resulting from any failure to make a payment under the Indenture or Tranche B Loan has occurred and is continuing, all moneys received by Collateral Agent shall be applied in accordance with this Section 7.9:
Appears in 3 contracts
Samples: Participation Agreement (Universal Compression Inc), Participation Agreement (Universal Compression Holdings Inc), Participation Agreement (BRL Universal Equipment Corp)
Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default or Loan Default resulting from any failure to make a payment under the Indenture or Tranche B Loan has occurred and is continuing, all moneys received by the Collateral Agent shall be applied in accordance with this Section 7.9:
Appears in 2 contracts
Samples: Participation Agreement (Universal Compression Inc), Participation Agreement (Universal Compression Holdings Inc)
Distribution of Moneys. Except as may be otherwise provided ----------------------- in this Section 7 and for so long as no Loan Event of Default or Loan Default resulting from any failure to make a payment under the Indenture or Tranche B Loan has occurred and is continuing, all moneys received by Collateral Agent shall be applied in accordance with this Section 7.9:
Appears in 1 contract
Samples: Participation Agreement (BRL Universal Equipment Corp)
