Common use of Application of Proceeds from Collateral Clause in Contracts

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender after an Event of Default arises shall be applied as follows: (a) first, to the reimbursable expenses of the Lender incurred in connection with such sale or other realization upon the Collateral, until the same shall have been paid in full; (b) second, to the fees and other reimbursable expenses of the Lender then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; (c) third, to interest then due and payable under the terms of this Agreement and the Notes, until the same shall have been paid in full; (d) fourth, to the outstanding principal amount of the Credit Facilities, in such order, manner and tenor as Lender shall determine in its sole absolute discretion, until the same shall have been paid in full to Lender; (e) fifth, to all other Obligations until the same shall have been paid in full to Lender; and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled thereto.

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender Bank after an Event of Default arises shall be applied as follows: : (a) first, to the reimbursable expenses of the Lender Bank incurred in connection with such sale or other realization upon the Collateral, until the same shall have been paid in full; ; (b) second, to the fees and other reimbursable expenses of the Lender Bank then due and payable pursuant to any of the Loan Documents, including without limitation attorneys’ fees and expenses and other costs of collection or enforcement, until the same shall have been paid in full; ; (c) third, to interest then due and payable under the terms of this Agreement and the Notes, until the same shall have been paid in full; ; (d) fourth, to the outstanding principal amount of the Credit FacilitiesFacility, in such order, manner and tenor order as Lender Bank shall determine in its sole and absolute discretion, until the same shall have been paid in full to Lender; ; (e) fifth, to all other Obligations until the same shall have been paid in full to LenderBank; and and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled theretoentitled.

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender Administrative Agent or any of the Lenders that occurs after an Event the principal of Default arises and any accrued interest on the Loans, and all other Obligations owing hereunder, have been declared, or deemed to be, due and payable immediately pursuant to the last paragraph of Section 8.1 or after the Administrative Agent forecloses on any of the Collateral, shall be applied as follows: (a) : first, to the reimbursable expenses of the Lender Administrative Agent incurred in connection with such sale or other realization upon the CollateralCollateral and due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; (b) ; second, to the fees and other reimbursable expenses of the Lender Administrative Agent and the Issuing Bank then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; third, to all reimbursable expenses, if any, of the Lenders then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; (c) third, to interest then due and payable under the terms of this Agreement and the Notes, until the same shall have been paid in full; (d) fourth, to the outstanding principal amount of the Credit Facilities, in such order, manner and tenor as Lender shall determine in its sole absolute discretion, until the same shall have been paid in full to Lender; (e) fifth, to all other Obligations until the same shall have been paid in full to Lender; and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled thereto.

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender any Secured Party after an Event of Default arises shall be applied as follows: : (a) first, to the reimbursable expenses of the Lender Administrative Agent incurred in connection with such sale or other realization upon the Collateral, until the same shall have been paid in full; ; (b) second, to the fees and other reimbursable expenses and indemnities of the Lender Administrative Agent, the Joint Lead Arrangers and the Issuing Banks then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; ; (c) third, to all reimbursable expenses, if any, of the Lenders then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; (d) fourth, to the fees and interest then due and payable under the terms of this Agreement and the NotesAgreement, until the same shall have been paid in full; (d) fourth, to the outstanding principal amount of the Credit Facilities, in such order, manner and tenor as Lender shall determine in its sole absolute discretion, until the same shall have been paid in full to Lender; (e) fifth, to all other Obligations until the same shall have been paid in full to Lender; and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled thereto.

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender after Administrative Agent or any of the Lenders during the existence of an Event of Default arises shall be applied as follows: (a) first, to the reimbursable expenses of the Lender Administrative Agent incurred in connection with such sale or other realization upon the Collateral, until the same shall have been paid in full; (b) second, to the fees and other reimbursable expenses of the Lender Administrative Agent then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; (c) third, to interest all reimbursable expenses, if any, of the Lenders then due and payable under pursuant to any of the terms of this Agreement and the NotesLoan Documents, until the same shall have been paid in full; (d) fourth, to the outstanding principal amount fees due and payable to the Lenders under Section 2.10 of this Agreement and all interest then due and payable under the Credit Facilities, in such order, manner and tenor as Lender shall determine in its sole absolute discretionterms of this Agreement, until the same shall have been paid in full to Lenderfull; (e) fifth, to all other Obligations until the same shall have been paid in full to Lenderfull; and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled thereto.

Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Lender Bank after an Event of Default arises shall be applied as follows: : (a) first, to the reimbursable expenses of the Lender Bank incurred in connection with such sale or other realization upon the Collateral, until the same shall have been paid in full; ; (b) second, to the fees and other reimbursable expenses of the Lender Bank then due and payable pursuant to any of the Loan Documents, including without limitation attorneys’ fees and expenses and other costs of collection or enforcement, until the same shall have been paid in full; ; (c) third, to interest then due and payable under the terms of this Agreement and the NotesNote[s], until the same shall have been paid in full; ; (d) fourth, to the outstanding principal amount of the Credit FacilitiesLoan, in such order, manner and tenor order as Lender Bank shall determine in its sole absolute discretion, until the same shall have been paid in full to Lender; ; (e) fifth, to all other Obligations until the same shall have been paid in full to LenderBank; and and (f) sixth, to the extent any proceeds remain, to the Borrower or other parties lawfully entitled theretoentitled.