Common use of During Enforcement Period Clause in Contracts

During Enforcement Period. During any Enforcement Period, all proceeds of Collateral shall be distributed in accordance with the following procedure: (i) All realizations upon and proceeds of Moriah Senior Collateral shall be applied to the Moriah Claim. After the Moriah Claim is Paid in Full and the Moriah Loan Agreements are terminated and fully paid or otherwise satisfied, any remaining proceeds of the Moriah Senior Collateral shall be applied to the Noteholder Claim. (ii) All realizations upon and proceeds of Noteholder Senior Collateral shall be applied to the Noteholder Claim. After the Noteholder Claim is Paid in Full and the Noteholder Agreements are terminated and fully paid or otherwise satisfied, any remaining proceeds of the Noteholder Senior Collateral shall be applied to the Moriah Claim. (iii) After the Moriah Claim and the Noteholder Claim have been paid in full in cash and all commitments to make loans or extend other financial accommodations have terminated, the balance of the realizations upon and proceeds of the Collateral, if any, shall be paid to the respective Loan Party or as otherwise required by applicable law.