Liquidation Distributions. Whether or not a Monetary Event of Default has occurred, all Liquidation Distributions whether held in the Account or not, will be applied to the Secured Obligations.
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Samples: Security Agreement, Security Agreement (Greenhill & Co Inc), Security Agreement (Greenhill & Co Inc)
Liquidation Distributions. Whether or not a Monetary Event of Default has occurred, all Liquidation Distributions (whether they represent liquidation of the Limited Partnership or of Xxxxxxxxx Cogent, LP, and whether held in the Account or not), will be applied to the Secured Obligations.
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