Proceeds of enforcement. (a) Subject to the rights of any creditor with prior security or a preferential claim, the proceeds of enforcement of the Security under the Transaction Security Documents shall be paid to the Security Agent.
Appears in 3 contracts
Samples: Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)
Proceeds of enforcement. (a) Subject to the rights of any creditor with prior security or a preferential claim, the proceeds of enforcement of the Security security under the Transaction Security Documents shall be paid to the Security Agent.
Appears in 2 contracts
Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD)
Proceeds of enforcement. (a) Subject to the rights of any creditor with prior security or a preferential claim, the proceeds of enforcement of the Security security under the Transaction Security Documents shall must be paid to the Security AgentTrustee.
Appears in 1 contract
Proceeds of enforcement. (a) Subject to the rights of any creditor with prior security Security Interest or a preferential claim, the proceeds of enforcement of the Security Interest under the Transaction Security Documents shall must be paid to the Security Facility Agent.
Appears in 1 contract
Samples: Agreement (China Security & Surveillance Technology, Inc.)
