Common use of Application of Money Collected by Trustee Clause in Contracts

Application of Money Collected by Trustee. Any money collected by the Trustee pursuant to this Article 6, including all proceeds realized from the liquidation or other disposition of Collateral, will be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Application of Money Collected by Trustee. Any money collected by the Trustee pursuant to this Article 6, including all proceeds realized from the liquidation or other disposition of Collateral, 6 will be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: