North American Collateral Sample Clauses

North American Collateral. With respect to proceeds received from or on account of any U.S. Loan Party or any Canadian Loan Party, or in respect of any North American Collateral (but excluding, for the avoidance of any doubt, proceeds received in respect of MRE Collateral, proceeds relating to MRE Collateral or any payments received by the Agent or any Secured Party relating to MRE Collateral)): (i) (a) First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including all Lender Group Expenses) payable to the Agent in its capacity as such, including any such fees, indemnities, expenses and other amounts expenses, indemnities and other amounts accrued after an Insolvency Event, whether or not allowed or allowable following such Insolvency Event; (ii) (b) Second, to payment of that portion of the Revolving Obligations constituting fees (including any Revolving Credit Termination Premium), indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Revolving Credit Lenders and the Letter of Credit Issuer (including all Lender Group Expenses) arising under the Loan Documents, including any such fees, indemnities, and other amounts accrued after an Insolvency Event, whether or not allowed or allowable following such Insolvency Event, ratably among them in proportion to the respective amounts described in this clause Second payable to them; (iii) (c) Third, to the extent not previously reimbursed by the Revolving Credit Lenders, to payment to the Agent of that portion of the Obligations constituting principal and accrued and unpaid interest on any permitted Overadvances and Protective Advances; (iv) (d) Fourth, to the extent that Swingline Loans have not been refinanced by a Revolving Credit Loan, payment to the Swingline Lender of that portion of the Revolving Obligations constituting accrued and unpaid interest on the Swingline Loans, including default interest and any interest accrued after an Insolvency Event, whether or not allowed or allowable following such Insolvency Event;