Distribution of proceeds of enforcement. 18.13.1 In this Clause 18.13:
Distribution of proceeds of enforcement. (a) To the extent that the Collateral Documents provide for the net proceeds of any enforcement to be applied against the Secured Obligations, the European Collateral Agent shall pay them to the European Administrative Agent and the European Administrative Agent shall apply them in payment of any amounts due but unpaid under the Loan Documents, if applicable in the order set out in Section 2.19(b) of the Credit Agreement. This shall override any appropriation made by any Obligor.
(b) The European Collateral Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. (a) To the extent that the Security Documents provide for the net proceeds of any enforcement to be applied against the Secured Obligations, the Funding Agent shall apply them in payment of any amounts due but unpaid under the Transaction Documents, if applicable in the order set out in Clause 11 (Application of proceeds) of the Security Agreement. This shall override any appropriation made by the Purchaser or any other Seller Party.
(b) The Funding Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. (a) To the extent that the Security Documents provide for the net proceeds of any enforcement to be applied against the Secured Obligations, the Collateral Agent shall pay them to the Administrative Agent and the Agent shall apply them in payment of any amounts due but unpaid under the Credit Documents, if applicable in the order set out in Section 2.11(b). This shall override any appropriation made by any Credit Party.
(b) The Collateral Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. (a) To the extent that the Collateral Documents provide for the net proceeds of any enforcement to be applied against the Obligations, the French Administrative Agent shall apply them in payment of any amounts due but unpaid under the Loan Documents, if applicable in the order set out in Section 2.17(b) of the Credit Agreement. This shall override any appropriation made by any Loan Parties.
(b) The French Administrative Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. (1) To the extent that the Security Documents provide for the net proceeds of any enforcement to be applied against the Secured Liabilities, the Security Trustee shall pay them to the Agent and the Agent shall apply them in payment of any amounts due but unpaid under the Finance Documents, if applicable in the order set out in Clause 28.5 (Partial payments). This shall override any appropriation made by any Chargor.
(2) The Security Trustee may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. 16.15.1 In this Clause 16.15:
Distribution of proceeds of enforcement. (a) To the extent that the Security Agreements provide for the net proceeds of any enforcement to be applied against any secured liabilities, the Security Agent shall, within a reasonable period of time, pay them to the Facility Agent and the Facility Agent shall apply them in payment of any amounts due but unpaid under the Finance Documents, if applicable in the order set out in Clause 12.4 (Application of Proceeds). This shall override any appropriation made by any Obligor.
(b) Prior to paying the net proceeds of any enforcement over to the Facility Agent pursuant to Clause 11.20(a), the Security Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. (a) To the extent that the Collateral Documents provide for the net proceeds of any enforcement to be applied against the Secured Obligations or International Secured Obligations (as appropriate), the European Collateral Agent shall pay them to the Applicable Administrative Agent and such Applicable Administrative Agent shall apply them in payment of any amounts due but unpaid under the Loan Documents, if applicable in the order set out in Section [2.18(b)] of the Credit Agreement. This shall override any appropriation made by any Loan Party.
(b) The European Collateral Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
Distribution of proceeds of enforcement. The Administrative Agent may, at its discretion, accumulate proceeds of enforcement in an interest bearing account in its own name.
