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 Lender at the time of or received by Lender after, the occurrence of an Event of Default hereunder) shall be paid to and applied as follows:

Appears in 12 contracts

Samples: Patent Mortgage and Security Agreement (Hemosense Inc), Loan and Security Agreement (Aruba Networks, Inc.), Loan and Security Agreement (Maxygen Inc)

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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 Lender at the time of or received by Lender after, after the occurrence of an Event of Default hereunder) shall be paid to and applied as follows:

Appears in 2 contracts

Samples: Loan and Security Agreement (Soundbite Communications Inc), Loan and Security Agreement (Soundbite Communications Inc)

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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 Lender at the time of off or received by Lender after, the occurrence of an Event of Default hereunder) shall be paid to and applied as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (NeuroMetrix, Inc.)

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