Post-Default Allocation. Notwithstanding anything in any Loan Document to the contrary, while an Event of Default is continuing, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows (subject to the terms of the Intercreditor Agreement):
Appears in 3 contracts
Samples: Term Loan and Security Agreement (DXP Enterprises Inc), Term Loan and Security Agreement (DXP Enterprises Inc), Term Loan and Security Agreement (DXP Enterprises Inc)
Post-Default Allocation. Notwithstanding anything in any Loan Document to the contrary, while during an Event of Default is continuingDefault, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on CollateralCollateral (subject to the Intercreditor Agreement), setoff or otherwise, shall be allocated as follows (subject to the terms of the Intercreditor Agreement):follows:
Appears in 1 contract
Post-Default Allocation. Notwithstanding anything in any Loan Document to the contrary, while during an Event of Default is continuingunder Section 11.1(j), or during any other Event of Default at the discretion of Agent or Required Lenders, monies to be applied to the Obligations, whether arising from payments by ObligorsLoan Parties, realization on Collateral, setoff or otherwise, shall be allocated as follows (subject to the terms of the Intercreditor Agreement):follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Computer Task Group Inc)
