Proceeds of Distressed Disposals. The net proceeds of each Distressed Disposal shall be paid, or distributed, to the Security Agent for application in accordance with Clause 16 (Application of Proceeds).
Appears in 2 contracts
Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC), Intercreditor Agreement (NAC Aviation 29 Designated Activity Co)
Proceeds of Distressed Disposals. The net proceeds of each Distressed Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 16 12 (Application of Proceeds).
Appears in 1 contract
Samples: Intercreditor Agreement
Proceeds of Distressed Disposals. β The net proceeds of each Distressed Disposal shall be paid, or distributed, to the Common Security Agent for application in accordance with Clause 16 12 (Application of Proceeds).
Appears in 1 contract
Samples: Intercreditor Agreement
