Insurance and Expropriation Proceeds. If, at any time after an Event of Default has occurred and is continuing, the Agent receives or, at the time such Event of Default occurs, the Agent is otherwise holding any insurance or expropriation proceeds pursuant to any of the Loan Documents, the Agent shall hold all such amounts and distribute the same in accordance with Section 16.3 hereof.
Appears in 3 contracts
Samples: Agency and Interlender Agreement (Vampt America, Inc.), Agency and Interlender Agreement (Search by HEADLINES.COM Corp.), Agency and Interlender Agreement (Coronado Corp.)
Insurance and Expropriation Proceeds. If, at any time after an Event of Default has occurred and is continuing, the Agent receives or, at the time such Event of Default occurs, the Agent is otherwise holding any insurance or expropriation proceeds pursuant to any of the Loan Documents, the Agent shall hold all such amounts and distribute the same in accordance with Section 16.3 18.3 hereof.
Appears in 1 contract
Samples: Agency and Interlender Agreement (Naked Brand Group Inc.)
