Common use of DISTRIBUTION ON LIQUIDATION Clause in Contracts

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders shall accept same in trust for the Lender and shall deliver same to the Lender to be applied to the Obligations then due, in accordance with the terms of the Note. 5.2 Prior to any Event of Default (as defined herein), Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any Event of Default (as defined herein), Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender Lenders and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any Event of Default (as defined herein), Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any Event of Default (as defined herein), Debtor and Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender Lenders and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any So long as no Event of Default (as defined herein)) exists, Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Debtor and Shareholders shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any Event of Default (as defined herein), Debtor and Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender Lenders and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, the Shareholders shall accept same in trust for the Lender Investor and shall deliver same to the Lender Investor to be applied to the Obligations then due, in accordance with the terms of the Note. 5.2 Prior to any Event of Default (as defined herein), the Shareholders shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender Investor and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders Debtor shall accept same in trust for the Lender Lenders and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the NoteNotes. 5.2 Prior to any Event of Default (as defined herein), Shareholders Debtor shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender Lenders and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders Shareholder shall accept same in trust for the Lender and shall deliver same to the Lender to be applied to the Obligations then due, in accordance with the terms of the Note. 5.2 Prior to any Event of Default (as defined herein), Shareholders Shareholder shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender and does not impair the Collateral.

DISTRIBUTION ON LIQUIDATION. 5.1 If any sum is paid as a liquidating distribution on or with respect to the Collateral, Shareholders The Shareholder shall accept same in trust for the Lender and shall deliver same to the Lender Collateral Agent to be applied to the Obligations then due, in accordance with the terms of the Note. 5.2 Prior to any So long as no Event of Default (as defined herein)) exists, Shareholders the Shareholder shall be entitled to exercise all voting power pertaining to any of the Collateral, provided such exercise is not contrary to the interests of the Lender or Collateral Agent and does not impair the Collateral.