Common use of Application of Proceeds of Sale Clause in Contracts

Application of Proceeds of Sale. The proceeds of the sale of Collateral sold pursuant to Section 5, above, shall be applied by the Pledgee as follows:

Appears in 5 contracts

Samples: Pledge and Security Agreement (Cartoon Acquisition, Inc.), Pledge and Security Agreement (Cartoon Acquisition, Inc.), Pledge and Security Agreement (Cartoon Acquisition, Inc.)

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Application of Proceeds of Sale. The proceeds of the sale of Pledged Collateral sold pursuant to Section 5, above, 5 (c) hereof shall be applied by the Pledgee as follows:

Appears in 4 contracts

Samples: Pledge Agreement (Educational Medical Inc), Pledge Agreement (Educational Medical Inc), Pledge Agreement (Educational Medical Inc)

Application of Proceeds of Sale. The proceeds of the sale of Pledged Collateral sold pursuant to Section 5, above, 5 (c) hereof shall be applied by the Pledgee Pledgees as follows:

Appears in 3 contracts

Samples: Asset Purchase Agreement (Educational Medical Inc), Pledge Agreement (Educational Medical Inc), Pledge Agreement (Educational Medical Inc)

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Application of Proceeds of Sale. The proceeds of the sale of Pledged Collateral sold pursuant to Section 5, above, 5 hereof shall be applied by the Pledgee Lender as follows:

Appears in 1 contract

Samples: Pledge and Security Agreement (Voicenet Inc)

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