Post-Default Allocation of Proceeds Clause Samples

Post-Default Allocation of Proceeds. Notwithstanding anything herein to the contrary, after the occurrence and during the continuance of an Event of Default, all proceeds of Collateral received by the Agent or any Secured Party and all proceeds realized from the Obligors on account of the Collateral (whether pursuant to Section 5.6 hereof or arising from realization on Collateral, setoff or otherwise), shall be allocated as follows: (a) first, to all costs and expenses, including Extraordinary Expenses, owing to Agent, including costs and expenses, including Extraordinary Expenses, accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (b) second, to all amounts owing to Agent on Swingline Loans or Protective Advances; (c) third, to all amounts owing to Issuing Bank on LC Obligations; (d) fourth, to all Obligations constituting fees owing to the Tranche A Lenders in their capacity as Tranche A Lenders (excluding Bank Product Debt), including fees accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (e) fifth, to all Obligations constituting interest then owing on Tranche A Revolver Loans (excluding Bank Product Debt), including default interest and interest accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (f) sixth, to provide Cash Collateral for outstanding Letters of Credit; (g) seventh, to all other Obligations owing to the Tranche A Lenders in their capacity as Tranche A Lenders (excluding Bank Product Debt); (h) eighth, to reimbursements owing to the Tranche A-1 Documentation Agent under Section 3.4, including reimbursements for costs and expenses accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (i) ninth, to all Obligations constituting fees owing to the Tranche A-1 Lenders in their capacity as Tranche A-1 Lenders, including fees accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (j) tenth, to all Obligations constituting interest then owing on Tranche A-1 Revolver Loans, including default interest and interest accruing after the commencement of an Insolvency Proceeding, whether or not allowed or allowable in such Insolvency Proceeding; (k) eleventh, to all other Obligations owing to the Tranche A-1 Lenders in ...