Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be applied:
Appears in 6 contracts
Samples: Credit Agreement (Southwest Gas Corp), Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 or an Event of Default has occurred and is continuing and the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of by the Lenders upon the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be applied:
Appears in 3 contracts
Samples: Credit Agreement (DXP Enterprises Inc), Credit Agreement (DXP Enterprises Inc), Credit Agreement (DXP Enterprises Inc)
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 10.1(a) or the Administrative Agent or any Lender has the Lenders have exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of by the Secured Agent or the Lenders upon the Obligations and all net proceeds from the enforcement of the Secured Obligations shall be applied:applied to the Obligations in accordance with Section 2.4(e).
Appears in 3 contracts
Samples: Credit and Security Agreement (SAExploration Holdings, Inc.), Purchase Money Loan and Security Agreement (SAExploration Holdings, Inc.), Credit and Security Agreement (SAExploration Holdings, Inc.)
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 8.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be appliedapplied by the Administrative Agent as follows:
Appears in 3 contracts
Samples: Multidraw Term Loan Agreement (Petroquest Energy Inc), Multidraw Term Loan Agreement (Petroquest Energy Inc), Term Loan Agreement (Petroquest Energy Inc)
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be applied:: cxxix 165457743_4174358596_2
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Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 9.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be appliedapplied by the Administrative Agent as follows:
Appears in 1 contract
Samples: Credit Agreement (Ubiquiti Inc.)
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 10.2 11.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of by the Lenders upon the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be appliedapplied as follows:
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