Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any Agent in the exercise of rights as a secured creditor of the Loan Parties and prior claims which the Agents anticipate may need to be paid.
Appears in 8 contracts
Samples: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc), Term Loan and Security Agreement (Destination Xl Group, Inc.)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any the Agent in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Agents anticipate Agent anticipates may need to be paid.
Appears in 5 contracts
Samples: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Jacobson Stores Inc)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any the Collateral Agent in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Agents Collateral Agent anticipate may need to be paid.
Appears in 3 contracts
Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any the Collateral Agent in the exercise of rights as a 105 secured creditor of the Loan Parties Borrowers and prior claims which the Agents Collateral Agent anticipate may need to be paid.
Appears in 2 contracts
Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of reasonably anticipated future expenses which may be incurred by any the Agent in the exercise of rights as a secured creditor of the Loan Parties Borrower and prior claims which the Agents anticipate Agent anticipates may need to be paid.
Appears in 2 contracts
Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (Wild Oats Markets Inc)
Distribution of Liquidation Proceeds. (a) The Collateral Agent Agents may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any Agent the Collateral Agents in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Collateral Agents anticipate may need to be paid.
Appears in 1 contract
Samples: Value City Department Stores Inc /Oh
Distribution of Liquidation Proceeds. (ai) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any Agent in the exercise of rights as a secured creditor of the Loan Parties and prior claims which the Agents anticipate may need to be paid.anticipation
Appears in 1 contract
Samples: Loan Agreement (Natural Wonders Inc)
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any Agent in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Agents anticipate may need to be paid.
Appears in 1 contract
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be maybe deposited in anticipation of reasonably anticipated future expenses which may be incurred by any the Agent in the exercise of rights as a secured creditor of the Loan Parties Borrower and prior claims which the Agents anticipate Agent anticipates may need to be paid.
Appears in 1 contract
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any the Agent in the exercise of rights as a secured creditor of the Loan Parties and prior claims which the Agents anticipate Agent anticipates may need to be paid.
Appears in 1 contract
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future 104 expenses which may be incurred by any the Agent in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Agents anticipate Agent anticipates may need to be paid.
Appears in 1 contract
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any the Collateral Agent in the exercise of rights as a secured creditor of the Loan Parties Borrower and prior claims which the Agents anticipate Collateral Agent anticipates may need to be paid.
Appears in 1 contract
Distribution of Liquidation Proceeds. (a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of reasonably anticipated future expenses which may be incurred by any the Collateral Agent in the exercise of rights as a secured creditor of the Loan Parties Borrowers and prior claims which the Agents anticipate Collateral Agent anticipates may need to be paid.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)
