Other Proceeds. All other proceeds or other amounts collected by Lender following an Event of Default shall be applied (1) first, to reimburse any reasonable expenses related to such collection, and (2) thereafter, as provided in Section 11(a) hereof. If no Event of Default shall exist and be continuing, any amount available to make payments or applied in lieu of such payments thereon shall be applied (1) first, to interest due or overdue on the Note, and (2) then, any amounts applied to pay or applied in lieu of paying principal on the Note then due shall be applied to pay or applied in lieu of paying the Note in order of priority, and (3) thereafter, to Borrower.
Other Proceeds. All Proceeds or other amounts collected by Beneficiary and applied to pay interest or principal of the Note or other amounts due on this Mortgage following an Event of Default and acceleration of the Note shall be applied (1) first, to reimburse any expenses related to such collection and (2) thereafter, as provided in Section 21(a) hereof. If the Note has not been accelerated, any amount available to make payments or applied in lieu of such payments thereon shall be applied (1) first, to interest due or overdue on the Note, (2) then, any amounts applied to pay or applied in lieu of paying principal on the Note then due shall be applied to pay or applied in lieu of paying each Note in order of priority, and (3) thereafter, to Grantor.
Other Proceeds. Any Project Proceeds resulting from a payment stream (such as loan payments on the Building Construction Loan) shall be deposited by the Authority in the Project Proceeds Account. Within forty-five (45) days of receipt of any Project Proceeds, the Authority shall complete and forward to DCCD a completed Project Proceeds Account Report in the form attached hereto as Exhibit F, and shall remit to DCCD any net Project Proceeds received by the Authority which have been deposited in the Project Proceeds Account. The Authority may retain any interest earned on the Project Proceeds while the Project Proceeds remain in the Project Proceeds Account. Any such Project Proceeds received by DCCD from the Authority shall then be deposited into the Multi-Count LGEDF Account. Any failure to maintain Project Proceeds in the Project Proceeds Account as prescribed herein, or failure by the Authority to complete and deliver the Project Proceeds Account Report to DCCD with the Project Proceeds shall constitute an Event of Default under this Agreement.
Other Proceeds. Any other moneys received by the Indenture Trustee in connection with a release of property shall be held by the Indenture Trustee as part of the Mortgaged Property and shall be applied by the Indenture Trustee upon the terms and in the manner provided in Section 3.2 hereof.
Other Proceeds. Notwithstanding anything else in the Original Agreement to the contrary, Transferee shall have the first right from and after the Amendment Effective Date to negotiate with or bring a lawsuit against any and all third parties for purposes of enforcing the SAIC Patent Rights and shall have the rights afforded it under Section 6.3.3
Other Proceeds. The Borrower shall be required to use all Other Proceeds to prepay Loans and, promptly upon the deposit of any Other Proceeds into the Loss Proceeds Account, the Administrative Agent shall direct the Depositary Agent to (i) transfer such Other Proceeds to the Administrative Agent for application to the prepayment of Loans in accordance with Section 2.1.8 of the Credit Agreement, or (ii) if requested by the Borrower pursuant to the second sentence of Section 2.1.8 of the Credit Agreement, transfer such Other Proceeds to the Prepayment Account." and
Other Proceeds. The Company shall use any proceeds it receives from any outstanding commercial tort claims to pay down the Company’s indebtedness to Xxxxx Fargo and other initiatives related to the Company’s strategic objectives as may be approved by the Subscriber.
Other Proceeds. Any other moneys received by the Indenture Trustees in connection with the release of property shall be held by the Indenture Trustees as part of the Granted Property and shall be applied by the Indenture Trustees to the prepayment, with premium, of the Notes together with interest accrued thereon in an amount sufficient to exhaust such cash as nearly as may be upon giving the Grantor ten (10) days' advance notice of its intent so to do, such prepayment to be made in units of $1,000 but otherwise to be made ratably on all outstanding Notes in accordance with the principal amounts unpaid thereon, together with interest accrued thereon and a premium equal to the Yield Maintenance Premium; any balance remaining after such payment to be released to the Grantor.
Other Proceeds. Any other moneys received by the Mortgagee in connection with the release of the Collateral shall be held by the Mortgagee as part of the Collateral and shall be applied by the Mortgagee upon the terms and in the manner provided in Section 4.3 hereof.
Other Proceeds. If any Borrower issues any additional Indebtedness or obtains any additional equity in a manner permitted under this Agreement or receives any tax refunds, indemnity payments, or pension reversions, such Borrower shall pay to Agent for the ratable benefit of Lenders, when and as received by such Borrower and as a mandatory prepayment of the Obligations, a sum equal to 100% of such proceeds to such Borrower. Any such prepayment shall be applied to the Loans in the manner specified in subsection 3.3.1.
