Proceeds of Realization. The Secured Party may apply any proceeds of realization of the Collateral to payment of costs, fees and expenses, including those related to the realization of the Collateral, and the Secured Party may apply any balance to payment of all other Obligations in such order as the Secured Party sees fit. If there is any surplus remaining, the Secured Party may pay it to any person entitled thereto by law of whom the Secured Party has knowledge and any balance remaining may be paid to the Debtor. If the realization of the Collateral fails to satisfy the Obligations, the Debtor will be liable to pay any deficiency to the Secured Party.
Proceeds of Realization. All moneys received by the Security Trustee and/or any Receiver arising from any such sale, letting, leasing, calling in, collection, dealing or other disposition under the powers conferred upon the Security Trustee and/or upon any Receiver, after the security hereby created has become enforceable, shall be held upon trust and applied in accordance with Clause 4.1 of the Security Trust Deed but so that if and for so long as the Chargor has any future or contingent liability to the Security Trustee, the Security Trustee may place and keep any such moneys to the credit of such interest bearing account or accounts, in such name or names, as the Security Trustee may deem fit, without obligation to apply the same as mentioned above until all such liability is ascertained and due, and the same shall form part of the Charged Assets.
Proceeds of Realization. The Bank may apply any proceeds of realization of the Collateral to payment of costs, fees and expenses mentioned in Section 2.2(j), including those related to the realization of the Collateral, and the Bank may apply any balance to payment of all other Obligations in such order as the Bank sees fit. If there is any surplus remaining, the Bank may pay it to any person entitled thereto by law of whom the Bank has knowledge and any balance remaining may be paid to the Debtor. If the realization of the Collateral fails to satisfy the Obligations, the Debtor will be liable to pay any deficiency to the Bank.
Proceeds of Realization. (1) The Collateral Agent will apply any proceeds of realization of the Collateral in accordance with Section 6(g) of the Note. If there is any surplus remaining, the Collateral Agent may pay it to any person entitled thereto by Applicable Law of whom the Collateral Agent has knowledge and any balance remaining may be paid to the Debtors. If the realization of the Collateral fails to satisfy the Obligations, the Debtors will be liable to pay any deficiency to the Collateral Agent.
Proceeds of Realization. All amounts received by the Administrative Agent from or on behalf of the Loan Parties and not previously applied pursuant to this Agreement shall be held by the Administrative Agent for the rateable benefit of itself and the Secured Parties in accordance with the provisions hereof and shall be applied and distributed, and the claims of the Administrative Agent and the Secured Parties shall be deemed to have the relative priorities which would result in the amounts being applied and distributed, as follows:
(a) firstly, to the payment of all reasonable costs and expenses incurred by or on behalf of the Administrative Agent (including, without limitation, all legal fees and disbursements) in the exercise of all or any of the powers granted to it hereunder or under the Security Documents;
(b) secondly, to the payment or prepayment of the Secured Obligations (including holding as cash collateral to be applied against Secured Obligations which have not then matured) on a pari passu basis; and
(c) the balance, if any, to the Borrower or as otherwise required in accordance with Applicable Law.
Proceeds of Realization. (a) If the Collateral Agent collects any money or property pursuant to Article 2 hereof with respect to the Collateral upon any sale or other disposition of the Collateral pursuant to this Agreement, it shall pay out the money or property in the following order:
(i) first: to the Collateral Agent for unpaid fees expenses and other amounts due to the Collateral Agent in connection with such sale or disposition and then to the Trustee for unpaid fees, expenses and other amounts due to the Trustee (not including amounts due for payments to the beneficiaries of the Trust) in connection with such sale or disposition under the Trust Declaration or the Master Receivables Purchase Agreement; and
(ii) second: to the Collection Account, for distribution pursuant to the terms and provisions of Section 6.4, Section 6.5 and this Section 6.6.
(b) Upon any Termination Event, the Servicer shall, or shall instruct the Collateral Agent to, distribute or pay the proceeds of such disposition (the "Event of Default Proceeds") deposited into the Collection Account under Section 6.6(a)(ii) on the Settlement Date on which the Event of Default Proceeds are deposited in the Collection Account (or, if such proceeds are not so deposited on a Settlement Date, on the Settlement Date immediately following such deposit), to make the payments or deposits specified in Sections 6.4 and 6.5 of this Agreement (after the application on such Settlement Date of the Available Funds, funds on deposit in the Cash Reserve Account) from the Event of Default Proceeds and any funds remaining on deposit in the Cash Reserve Account.
Proceeds of Realization. Notwithstanding any provision to the contrary contained in any Security or in any other document, instrument or agreement, all Realization Proceeds with respect to the Sarasvati Priority Collateral shall, subject to applicable law, be applied and distributed as follows:
(a) firstly, on account of the costs and expenses, if any, incurred in connection with the sale, collection and realization of the Sarasvati Security; and
(b) secondly, on account of Sarasvati Indebtedness until repaid in full.
Proceeds of Realization. The Lender and, if appointed, the Agent may apply any proceeds of realization of the Collateral to payment of costs, fees and expenses in connection with the preservation and realization of the Collateral as above described and the Lender and, if appointed, the Agent may apply any balance of such proceeds to payment of the Obligations in such order as the Lender or the Agent sees fit. If there is any surplus remaining, the Lender or the Agent may pay it to any person having a claim thereto in priority to the Borrower of whom the Lender or the Agent has knowledge and any balance remaining must be paid to the Borrower. If the disposition of the Collateral fails to satisfy the Obligations secured by this Agreement and the aforesaid expenses, the Borrower will be liable to pay any deficiency to the Lender forthwith on demand.
Proceeds of Realization. The proceeds from any exercise or enforcement of all or any of the rights and remedies of the Secured Party hereunder shall be applied by the Secured Party on account of the Liabilities in such order or manner as the Secured Party and Corporation may agree to or, failing that, as the Secured Party may determine, all without prejudice to the Secured Party’s claim upon the Corporation for any deficiency under the Liabilities, provided the Secured Party shall only be liable to account for amounts actually received by it.
Proceeds of Realization. The proceeds of realization under any of the Loan Documents or any credit or compensating balances of the Borrower held by any Lender shall be applied as set forth under the Interlender Agreement.
