Common use of Application of Collateral Proceeds Clause in Contracts

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 110 contracts

Samples: Security Agreement (Novo Integrated Sciences, Inc.), Security Agreement (Growlife, Inc.), Security Agreement (Vapor Hub International Inc.)

AutoNDA by SimpleDocs

Application of Collateral Proceeds. The Following the occurrence of the Effective Date, the proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 7 contracts

Samples: Security Agreement (Jaguar Health, Inc.), Security Agreement (Jaguar Health, Inc.), Security Agreement (Jaguar Health, Inc.)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by the Secured Party at the time of, or received by the Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 4 contracts

Samples: Senior Security Agreement (Heatwurx, Inc.), Senior Loan Agreement (Heatwurx, Inc.), Security Agreement (AMERICAN POWER GROUP Corp)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by a Secured Party at the time of, or received by a Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 4 contracts

Samples: Security Agreement (Miramar Labs, Inc.), Security Agreement (Miramar Labs, Inc.), Security Agreement (Miramar Labs, Inc.)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence and during the continuance of an Event of Default) shall be paid to and applied as follows:

Appears in 2 contracts

Samples: Security Agreement (Ats Medical Inc), Security Agreement (Ats Medical Inc)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party in an Account at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Security Agreement (Global Health Ventures Inc.)

AutoNDA by SimpleDocs

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows, subject to the terms of the subordination agreements among Secured Party and Senior Lenders:

Appears in 1 contract

Samples: Security Agreement (Thermage Inc)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, after the occurrence of an Event of Default) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Security Agreement (Giga Tronics Inc)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party Parties at the time of, or received by Secured Party Parties after, the occurrence of an Event of DefaultDefault which is continuing) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Security Agreement (Laserlock Technologies Inc)

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event event of Defaultdefault) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Security Agreement (Livedeal Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.