Common use of Proceeds of Collateral; Proceeds Remaining in Account Clause in Contracts

Proceeds of Collateral; Proceeds Remaining in Account. (a) All moneys collected by Lender upon any sale or other disposition of the Property (including all moneys realized from the exercise of remedies under the Mortgage), together with all other moneys received by Lender in connection therewith (except as otherwise specified in Section 9.1) and (b) all moneys contained in the Account after an Event of Default or on the Maturity Date (if the Project Loan has not then been repaid in full), or deposited in the Account thereafter (except as otherwise specified in Section 9.1(c)), shall be applied as follows:

Proceeds of Collateral; Proceeds Remaining in Account. (a) All moneys collected by Lender upon any sale or other disposition of the Property (including all moneys realized from the exercise of the Purchase Option and upon the exercise of remedies under the Mortgage), together with all other moneys received by Lender in connection therewith (except as otherwise specified in Section 9.1) and (b) all moneys contained in the Account after on the date of an Event of Default acceleration or on the Maturity Date (if the Project Loan has not then been repaid in full), or deposited in the Account thereafter (except as otherwise specified in Section 9.1(c)), shall be applied as follows:

Proceeds of Collateral; Proceeds Remaining in Account. (a) All moneys collected by Lender the Collateral Trustee upon any sale or other disposition of the Property (including all moneys realized from the exercise of remedies under the Mortgage), together with all other moneys received by Lender the Collateral Trustee in connection therewith (except as otherwise specified in Section 9.1) and (b) all moneys contained in the Account after an Event of Default or on the Maturity Date (if the Project Loan has not then been repaid in full), or deposited in the Account thereafter (except as otherwise specified in Section 9.1(c)), shall be applied as follows: