Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default 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 Holdings Inc), Participation Agreement (Universal Compression 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 the Collateral Agent shall be applied in accordance with this Section 7.9:
Appears in 1 contract
Samples: 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 1 contract
Samples: Participation Agreement (BRL Universal Equipment Corp)
