Sharing of Collateral. Subject to the First Priority Domain Name Security Interest, upon the occurrence of any Event of Default, as defined in Section 5, and if the Secured Parties proceed to exercise any rights with respect to the Collateral, the Secured Parties shall share the Collateral and the proceeds of such Collateral ratably.
Appears in 4 contracts
Sources: Security Agreement (Bonds.com Group, Inc.), Security Agreement (Bonds.com Group, Inc.), Security Agreement (Bonds.com Group, Inc.)