Common use of Proceeds of SVB Collateral Clause in Contracts

Proceeds of SVB Collateral. Without limiting the provisions of Section 2.3 hereof, any amounts received by the Collateral Agent or any Noteholder on or as a result of any exercise of remedies under the Noteholder Collateral Documents with respect to, or otherwise from the proceeds of a sale or transfer or other disposition of, the SVB Collateral, or otherwise with respect to the Collateral, shall be paid over to SVB for application to the SVB Obligations in the manner provided in the SVB Agreements or the SVB Subsidiary Agreements, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp)

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Proceeds of SVB Collateral. Without limiting the provisions of Section 2.3 hereof, any amounts received by the Collateral Agent or any Noteholder on or as a result of any exercise of remedies under the Noteholder Collateral Documents with respect to, or otherwise from the proceeds of a sale or transfer or other disposition of, the SVB Collateral, or otherwise with respect to the Collateralotherwise, shall be paid over to SVB for application to the SVB Obligations in the manner provided in the SVB Agreements or the SVB Subsidiary Agreements, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp)

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Proceeds of SVB Collateral. Without limiting the provisions of Section 2.3 hereof, any amounts received by the Collateral Agent or any Noteholder on or as a result of any exercise of remedies under the Noteholder Collateral Documents with respect to, or otherwise from the proceeds of a sale or transfer or other disposition of, the SVB Collateral, or otherwise with respect to the Collateralotherwise, shall be paid over to SVB for application to the SVB Obligations in the manner provided in the SVB Agreements or the SVB Subsidiary Agreements, as the case may be.

Appears in 2 contracts

Samples: Intercreditor Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp)

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