Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any Property, such proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any Property in the following order of priority:
Appears in 11 contracts
Samples: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp), Credit Agreement (Franklin Resources Inc)
Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any the Property, such proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any the Property in the following order of priority:
Appears in 3 contracts
Samples: Lease Agreement (Convergys Corp), Lease Agreement (Catalina Marketing Corp/De), Lease Agreement (Convergys Corp)
Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any the Property, such proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any Property in the following order of priority:
Appears in 2 contracts
Samples: Lease Agreement (Pep Boys Manny Moe & Jack), Lease Agreement (Pep Boys Manny Moe & Jack)
Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any Property, such proceeds shall be deemed to have been received in trust on behalf of Lessor Lessor, and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any Property in the following order of priority:
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Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any portion of the Property, such proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any portion of the Property in the following order of priority:
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Samples: Master Lease Agreement (Veritas Software Corp /De/)
Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any PropertyProperty (or portion thereof), such proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any Property in the following order of priority:
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Samples: Lease Agreement (Acxiom Corp)
Application of Proceeds of Sale. In the event Lessee receives any proceeds of sale of any PropertyProperty under this Section 22, such the proceeds shall be deemed to have been received in trust on behalf of Lessor and Lessee shall promptly remit such proceeds to Lessor. Lessor shall apply the proceeds of sale of any Property in the following order of priority:
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