Order of application of proceeds. All sums received by Beneficiary under Section 6.2 (subject to Section 6.3) or Section 3.2, less all costs and expenses incurred by Beneficiary or any receiver under Section 6.2 or Section 3.2, including, without limitation, attorneys' fees, shall be applied in payment of the Secured Obligations in such order as Beneficiary shall determine in its sole discretion; provided, however, Beneficiary shall have no liability for funds not actually received by Beneficiary.
Order of application of proceeds. All monies received by the Security Recipient, a Receiver or a Delegate pursuant to this Deed after this Security has become enforceable shall be applied in accordance with the provisions of the SPA.
Order of application of proceeds. (a) The Collateral Trustee will apply the proceeds of any collection, sale, foreclosure or other realization upon any Shared Collateral and the proceeds of any title insurance policy required under any Priority Lien Document or Parity Lien Document in the following order of application: FIRST, to the payment of all amounts payable under this Agreement on account of the Collateral Trustee’s fees and any reasonable legal fees, costs and expenses or other liabilities of any kind incurred by the Collateral Trustee or any co-trustee or agent of the Collateral Trustee in connection with any Security Document, including amounts I reasonably necessary to provide for the expenses of the Collateral Trustee in maintaining and disposing of the Collateral; SECOND, to the repayment of Indebtedness and other Obligations, other than Secured Debt, secured by a Permitted Lien on the Collateral sold or realized upon;
Order of application of proceeds. All monies received or recovered by PGT, a Receiver or a Delegate under this deed or in connection with the realisation or enforcement of all or part of the security constituted by this deed (other than sums received under any Insurance Policy), shall (subject to the claims of any person having prior rights and by way of variation of the LPA 1925) be applied in the following order of priority (but without prejudice to PGT’s right to recover any shortfall from the Chargor):
(a) in or towards payment of all costs, liabilities, charges and expenses incurred by or on behalf of PGT (and any Receiver, Delegate, attorney or agent appointed by it) under or in connection with this deed, and of all remuneration due to any Receiver under or in connection with this deed;
(b) in or towards payment of the Outstanding Indebtedness in any order and manner that PGT determines; and
(c) in payment of the surplus (if any) to the Chargor or other person entitled to it.
Order of application of proceeds. If the Company or any of its Subsidiaries shall at any time or from time to time make or agree to make a Disposition, receive the proceeds of any Disposition (whether as a result of the release of funds to the Company or any of its Subsidiaries from an escrow, as a result of any earnout payments, or otherwise), or receive the proceeds of any income tax refund, then (i) the Company shall promptly provide written notice to the Agent of such proposed Disposition or income tax refund (including the amount of the estimated Net Proceeds to be received by the Company in respect thereof) and (ii) promptly upon receipt by the Company or any of its Subsidiaries of the Net Proceeds of such Disposition or income tax refund, the Company shall make a payment to the Agent
Order of application of proceeds. All monies received or recovered by the Lender, a Receiver or a Delegate under this deed or in connection with the realisation or enforcement of all or part of the security constituted by this deed, shall (subject to the claims of any person having prior rights and by way of variation of the LPA 1925) be applied in the following order of priority (but without prejudice to the Lender's right to recover any shortfall from the Borrower):
(a) in or towards payment of all costs, liabilities, charges and expenses incurred by or on behalf of the Lender (and any Receiver, Delegate, attorney or agent appointed by it) under or in connection with this deed, and of all remuneration due to any Receiver under or in connection with this deed;
Order of application of proceeds. All monies received by 4R or a Receiver in the exercise of any enforcement powers conferred by this Deed shall be applied:
(a) first in paying all unpaid fees, costs and other liability incurred by or on behalf of 4R (and any Receiver, attorney or agent appointed by it);
(b) second in paying the remuneration of any Receiver (as agreed between the Receiver and 4R);
(c) third in or towards discharge of the Secured Liabilities in such order and manner as 4R determines; and
(d) finally in paying any surplus to the Security Obligors or any other person entitled to it.
Order of application of proceeds. All payments received by Standard Federal as proceeds of any of the Project, as well as any and all amounts realized by Standard Federal in connection with the enforcement of any right or remedy under this Montage, shall be applied by Standard Federal as follows:
a. to the payment of all expenses incident to the exercise of any remedies under this Mortgage, including attorneys' fees and disbursements as provided in the Note, appraisal fees, environmental site assessment fees, title search fees and foreclosure notice costs, b. to the payment in full of any of the obligations that are then due and payable (including principal, accrued interest and all other sums accrued hereby) in such order as Standard Federal may elect in its sole discretion, c. to a cash collateral reserve fund to be held by Standard Federal in an amount equal to, and as security for, any of the obligations that are not then due and payable, and d. the remainder, if any, shall be paid to the Borrower or such other persons as may be entitled thereto by law, after deducting therefrom the cost of ascertaining their identity.
Order of application of proceeds. All monies received by the Lender or a Receiver (other than insurance monies) shall be applied:
(a) first in paying all rents, taxes, rates and outgoings whatever affecting any Charged Property;
(b) second in paying all costs, charges and expenses of and incidental to the appointment of any Receiver and the exercise of his powers and all outgoings paid by him;
(c) third in paying the remuneration of any Receiver (as agreed between him and the Lender);
(d) fourth in or towards discharge of the Secured Liabilities in such order and manner as the Lender shall determine; and
(e) finally in paying any surplus to the Borrower or any other person entitled to it.
Order of application of proceeds. All monies received by the Funder, a Receiver or a Delegate under this deed after the security constituted by this deed has become enforceable (other than sums received under any Insurance Policy), shall (subject to the claims of any person having prior rights and by way of variation of the LPA 1925) be applied in the following order of priority:
(a) in or towards payment of or provision for all costs, charges and expenses incurred by or on behalf of the Funder (and any Receiver, Delegate, attorney or agent appointed by it) under or in connection with this deed and of all remuneration due to any Receiver under or in connection with this deed;
(b) in or towards payment of or provision for the Secured Liabilities in any order and manner that the Funder determines; and
(c) in payment of the surplus (if any) to the Recipient or other person entitled to it.
