Common use of Distributions of Proceeds of Collateral Clause in Contracts

Distributions of Proceeds of Collateral. All realizations upon any Collateral pursuant to an Enforcement Action or otherwise subject to this Loan Agreement shall be applied first to the Lenders ratably in proportion to the outstanding principal amount of the outstanding Loans before any payment may be made to any Executive Lender.

Distributions of Proceeds of Collateral. All realizations upon any Collateral pursuant to an Enforcement Action or otherwise subject to this Loan Agreement shall be applied first to the Lenders ratably in proportion to the outstanding principal amount of the outstanding Loans Lender before any payment may be made to any Executive Lender.