Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Collateral Agent, the Administrative Agent or any of the Lenders after an Event of Default arises shall be applied in the manner set forth in the Collateral Agency Agreement.
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Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral Collateral, or if received after acceleration of the Loans by the Collateral Agent, the Administrative Agent or any of the Lenders after an Event of Default arises shall be applied in the manner set forth in the Collateral Agency Agreement.as follows:
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Application of Proceeds from Collateral. All proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Collateral Agent, the Administrative Agent Agent, Issuing Bank or any of the Lenders after an Event of Default arises shall be applied in the manner set forth in the Collateral Agency Agreement.
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Sources: Letter of Credit Facility Agreement (Bristow Group Inc)