Application of Collateral Proceeds. Upon the occurrence and during the continuance of an Event of Default, any cash held by Company as Collateral and all cash proceeds received by Company in respect of any sale of, collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by Company of its remedies as a secured creditor as provided in Section 9 shall be paid to and applied as follows:
Appears in 4 contracts
Samples: Securities Purchase Agreement (Drone Guarder, Inc.), Security Agreement (Growlife, Inc.), Membership Interest Pledge Agreement (Notis Global, Inc.)
Application of Collateral Proceeds. Upon the occurrence and during the continuance of an Event of Default, any cash held by Company as Collateral and all cash proceeds received by Company in respect of any sale of, collection from, or other realization realization, upon all or any part of the Collateral pursuant to the exercise by Company of its remedies as a secured creditor as provided in Section 9 shall be paid to and applied as follows:
Appears in 1 contract
Samples: Membership Interest Pledge Agreement (Vape Holdings, Inc.)
Application of Collateral Proceeds. Upon the occurrence and during the continuance of an Event of Default, any cash held by Company as Collateral and all cash proceeds received by Company in respect of any sale of, collection from, or other realization upon all or any part of the Collateral pursuant to the exercise by Company of its remedies as a secured creditor as provided in Section 9 shall be paid to and applied as follows:
Appears in 1 contract
Samples: Membership Interest Pledge Agreement (Medijane Holdings Inc.)
