Common use of Proceeds of Sale; Deficiency Clause in Contracts

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an Event of Default shall be continuing and after the Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii), which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(2) shall be distributed forthwith upon receipt by the Lessor in accordance with Article III of the Loan Agreement. ​

Appears in 1 contract

Samples: Lease Agreement (Cubic Corp /De/)

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Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an Event of Default shall be continuing and after the Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii), which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(2) shall be distributed forthwith upon receipt by the Lessor in accordance with Article III of the Loan Agreement. ​.

Appears in 1 contract

Samples: Lease Agreement (Cubic Corp /De/)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an Event of Default shall be continuing and after the Adjusted Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii18.1(vii), which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(218.1(iii)(B)(2) shall be distributed forthwith upon receipt by the Lessor in accordance with Article III Section 10.4 of the Loan Participation Agreement. ​.

Appears in 1 contract

Samples: Lease Agreement (Big Lots Inc)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an Event of Default shall be continuing and after the Adjusted Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii18.1(vii), which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(218.1(iii)(B)(2) shall be distributed forthwith upon receipt by the Lessor in accordance with Article III Section 10.4 of the Loan Participation Agreement. SECTION 18.3.

Appears in 1 contract

Samples: Lease Agreement (Big Lots Inc)

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Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an a Lease Event of Default shall be continuing and after the Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii18.1(vi), which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(218.1(iii)(B)(2) or pursuant to the Mortgages shall be distributed forthwith upon receipt by the Lessor in accordance with Article III of the Loan Agreement. ​.

Appears in 1 contract

Samples: Master Lease (Del Monte Foods Co)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when an a Lease Event of Default shall be continuing and after the Lease Balance shall have been accelerated pursuant to this Article XVIII as well as all payments or amounts then held or thereafter received by the Lessor (except for rents received by the Lessor from subletting pursuant to Section 18.1(a)(vii)18.1(vi) above, which shall be distributed as set forth therein) and the proceeds of sale pursuant to Section 18.1(a)(iii)(B)(218.1(iii)(B)(2) above or pursuant to the Mortgages shall be distributed forthwith upon receipt by the Lessor in accordance with Article III of the Loan Agreement. ​.

Appears in 1 contract

Samples: Master Lease (Del Monte Foods Co)

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