Distributions of Non-Cash Assets. If, through the operation of any Bankruptcy Law or otherwise, any of the Secured Obligations are paid or satisfied (or deemed satisfied) pursuant to this Agreement by the distribution of non-cash assets, including by the distribution or issuance of Equity Interest, Post-Petition Securities or Indebtedness, such non-cash assets shall be distributed in accordance with subsection 3.4(b), subject to subsection 3.4(a). The Shared Collateral Agent is hereby authorized by the Grantors and each Administrative Agent to dispose of or liquidate such non-cash assets in order to pay any outstanding Shared Collateral Agent Fees in accordance with subsection 3.4(a).
Appears in 5 contracts
Samples: Credit Agreement (Dex Media, Inc.), Loan Agreement (Dex Media, Inc.), Loan Agreement (Supermedia Inc.)
