Application of Enforcement Proceeds. After delivery of an Enforcement Notice and notwithstanding the provisions of Schedule 6 (Accounts), all Enforcement Proceeds shall be applied in accordance with the Deed of Appointment and Priority and Clause 33.6 (Application of Enforcement Proceeds).
Application of Enforcement Proceeds. Following the delivery of an Enforcement Notice, all Enforcement Proceeds paid to the Intercreditor Agent in accordance with the Deed of Appointment and Priority shall be applied by it (together with any other payments received by it pursuant to Clause 26.1.2 (Payments under the Senior Finance Documents)) in the following order:
Application of Enforcement Proceeds. (a) All Enforcement Proceeds not in the form of cash shall be forthwith delivered (subject to the Administration Agent’s acceptance of such delivery) to the Administration Agent on behalf of the Senior Lenders and disposed of, or realized upon, by the Administration Agent on behalf of the Senior Lenders in a commercially reasonable manner so as to produce proceeds in the form of cash.
Application of Enforcement Proceeds. Following a realisation of the Collateral, the proceeds shall be applied (i) FIRST, to the satisfaction of the Collateral Agent's and the Administrative Agent's claims for reimbursement of its costs and expenses and (ii) SECOND, pro rata (based on the amount of each Pledgee's Secured Obligations) to the satisfaction of the Secured Obligations of all Pledgees.
Application of Enforcement Proceeds. (a) Proceeds on deposit in, or credited to, the Enforcement Proceeds Account shall be applied as promptly as practicable by the Collateral Agent at the direction of the Required Lenders, in the following order of priority: first, pro rata to the payment of all reasonable fees, costs and expenses hereunder and under any of the Mortgages (including legal fees and expenses) and other similar amounts owed to the Collateral Agent and the Mortgage Trustees in connection with the execution and administration of their respective duties hereunder or under any Mortgages and the taking of any Enforcement Action; second, pro rata to the payment of all reasonable fees, costs, expenses (including legal fees and expenses) and any other amounts payable to the Administrative Agent in connection with the Administrative Agent's execution and administration of its duties hereunder or under any other Financing Document to which it is a party and the taking of any Enforcement Action; third, pro rata to the payment of all Secured Obligations to the Administrative Agent for further application in accordance with the terms of the Credit Agreement; and fourth, after payment in full of the Secured Obligations, to the payment of the remainder, if any, to the Grantor, its successors or assigns, or to whomsoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct.
Application of Enforcement Proceeds. Each party to this Agreement agrees that the proceeds of enforcement of the OFCA Floating Security received by the Bond Trustee (as assignee of the Issuer under the Issuer Deed of Charge or any Administrative Receiver appointed by it) (the "OFCA Proceeds") will:
Application of Enforcement Proceeds. (a) Proceeds on deposit in, or credited to, the General Enforcement Proceeds Sub-Account shall be applied as promptly as practicable by the Collateral Agent at the direction of the Required Creditors (acting through the Intercreditor Agent), in the following order of priority: first, pro rata to the payment of the Applicable Portion of all reasonable fees, costs and expenses hereunder and under any of the other Financing Documents (including legal fees and expenses) and other similar amounts owed to the Collateral Agent, the Depository Bank and the Mortgage Trustees in connection with the execution and administration of its duties hereunder or under any other Financing Document to which it is a party and the taking of any Enforcement Action; second, pro rata to the payment of the Applicable Portion of all reasonable fees, costs, expenses (including legal fees and expenses) and any other amounts payable to the other Agents in connection with such Agent's execution and administration of its duties hereunder or under any other Financing Document to which it is a party and the taking of any Enforcement Action; third, pro rata to the payment of all outstanding New Money Obligations; fourth, pro rata to the payment of all remaining Secured Obligations; fifth, pro rata to make a deposit into the Cash Collateral Account (Refinancing Lenders) in an aggregate amount equal to the Refinancing L/C Commitment; and sixth, after the payment in full of the Secured Obligations, to the payment of the remainder, if any, to the Company or its successor, or as a court of competent jurisdiction may otherwise direct.
Application of Enforcement Proceeds. Proceeds from the Enforcement Proceeds Account shall be applied promptly by the Collateral Trustee, at the direction of Majority Lenders (or, at any time on or after a Priority Termination Date, Majority Secured Parties), in the following order of priority:
Application of Enforcement Proceeds. All monies received by the Trustee in relation to enforcement proceeds shall be held by the Trustee, upon trust to apply the same in accordance with the order of priority set out in Clause 14 hereof.
Application of Enforcement Proceeds. All monies received by the Pledgee in the disposal of the Pledged Shares shall be applied in the following order of priority:
