Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 (Application of proceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.
Appears in 5 contracts
Samples: Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 16 (Application of proceedsProceeds) and, to the extent that that:
(a) any Liabilities Sale has occurred; or
(b) any Appropriation has occurred, as if that Liabilities Sale Sale, or any reduction in the Secured Obligations resulting from that Appropriation, had not occurred.
Appears in 4 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 17 (Application of proceedsProceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.
Appears in 2 contracts
Samples: Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 16 (Application of proceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurredProceeds).
Appears in 2 contracts
Samples: Intercreditor Agreement (Tidewater Inc), Intercreditor Agreement
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 15 (Application of proceedsProceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.
Appears in 1 contract
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 16 (Application of proceedsProceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.
Appears in 1 contract
Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Appropriation, Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent SPV for application in accordance with Clause 19 (Application of proceedsProceeds) and, to the extent that that:
(a) any Liabilities Sale has occurred, as if that Liabilities Sale had not occurred.; or
Appears in 1 contract
Proceeds of Distressed Disposals and Debt Disposals. β The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 19 17 (Application of proceeds) and, to the extent that any Liabilities Sale has occurred, as if that Liabilities Sale had not occurredProceeds).
Appears in 1 contract
Samples: Intercreditor Agreement
