Application of Collateral Proceeds. Lender will apply proceeds of sale, to the extent actually received in cash, in the manner and order it determines in its sole discretion, and as prescribed by applicable law.
Appears in 24 contracts
Sources: Loan and Security Agreement (Cerulean Pharma Inc.), Loan and Security Agreement (Cerulean Pharma Inc.), Loan and Security Agreement (Foundation Medicine, Inc.)
Application of Collateral Proceeds. Lender Agent and Lenders will apply proceeds of sale, to the extent actually received in cash, in the manner and order it determines in its sole discretion, and as prescribed by applicable law.
Appears in 4 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (Kior Inc), Loan and Security Agreement (Kior Inc)
Application of Collateral Proceeds. Lender will apply proceeds of salesale of any Collateral, to the extent actually received in cash, in the manner and order it determines in its sole discretion, and as prescribed by applicable law.
Appears in 2 contracts
Sources: Loan and Security Agreement (GlassHouse Technologies Inc), Loan and Security Agreement (GlassHouse Technologies Inc)
Application of Collateral Proceeds. Lender will apply proceeds of sale, to the extent actually received in cash, in the manner and order it the Lender determines in its sole discretion, and as prescribed by applicable law.
Appears in 1 contract
Application of Collateral Proceeds. Lender will promptly apply proceeds of sale, to the extent actually received in cash, in the manner and order it determines in its sole discretion, and as prescribed by applicable law.
Appears in 1 contract
Sources: Loan and Security Agreement (Restore Medical, Inc.)
Application of Collateral Proceeds. Lender will apply proceeds of sale, to the extent actually received in cash, in the manner and arid order it determines in its sole discretion, and as prescribed by applicable law.
Appears in 1 contract