Common use of Application of Collateral Proceeds Clause in Contracts

Application of Collateral Proceeds. The Agent shall, unless otherwise specified at the direction of the Required Lenders which direction shall be consistent with the last sentence of this Section 10.8, apply all proceeds of Collateral in the following order:

Appears in 6 contracts

Samples: Credit Agreement (Cke Restaurants Inc), Credit Agreement (Cke Restaurants Inc), Credit Agreement (Cke Restaurants Inc)

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Application of Collateral Proceeds. The Agent shall, ---------------------------------- unless otherwise specified at the direction of the Required Lenders which direction shall be consistent with the last sentence of this Section 10.8, apply ------------ all proceeds of Collateral in the following order:

Appears in 1 contract

Samples: Credit Agreement (Cke Restaurants Inc)

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