Common use of Proceeds of Taking Clause in Contracts

Proceeds of Taking. The proceeds of such taking or purchase, delivered to the Collateral Agent, to be held by the Collateral Agent and applied as provided herein; and

Appears in 2 contracts

Sources: Intercreditor and Collateral Agency Agreement (Pci Carolina Inc), Intercreditor and Collateral Agency Agreement (Pioneer East Inc)

Proceeds of Taking. The proceeds of such taking or purchase, delivered to the Collateral Agent, to be held by the Collateral Agent and applied as provided herein; and

Appears in 1 contract

Sources: Common Security and Intercreditor Agreement (Pioneer Companies Inc)