Common use of Distribution of Collateral Proceeds Clause in Contracts

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Event of Default, Lender receive any monies in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed in accordance with the Loan Documents to such portion of the Loans as Lender may desire.

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Security Loan Documents, or otherwise with respect to the realization upon any of the CollateralCollateral or other assets of Loan Parties, such monies shall be distributed in accordance with the Loan Documents to such portion of the Loans for application as Lender may desire.follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Security Loan Documents, or otherwise with respect to the realization upon any of the CollateralCollateral or other assets of the Borrower or the Guarantors, such monies shall be distributed in accordance with the Loan Documents to such portion of the Loans for application as Lender may desire.follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Security Loan Documents, or otherwise with respect to the realization upon any of the CollateralCollateral or other assets of the Loan Parties, such monies shall be distributed in accordance with the Loan Documents to such portion of the Loans for application as Lender may desire.follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, Lender receive the Bank receives any monies in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows: a. First, to the Obligations in accordance with such order or preference as the Loan Documents to such portion of the Loans as Lender Bank may desire.determine;