Application of Proceeds During an Event of Default. If an Event of Default shall have occurred and remain outstanding, the Agent agrees to apply all Proceeds of Collateral and all other payments received by the Agent to the payment of the Obligations in the manner and order set forth in Section 10.4 hereof.
Appears in 2 contracts
Sources: Financing Agreement (Under Armour, Inc.), Financing Agreement (Under Armour, Inc.)