RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. The relative priorities to the proceeds of a Liquidation are as follows:
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. (a) All distributions of proceeds of a Liquidation shall be net of payment over to the Collateral Agent as reimbursement for all reasonable third party costs and expenses incurred by the Collateral Agent and to Lenders' Special Counsel and to any funded reserve established pursuant to Section 14.6(a).
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. The relative priorities of security interests in the Collateral and to the proceeds of a Liquidation are as follows:
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. All distributions of proceeds of a Liquidation shall be applied by the Administrative Agent in the following order:
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. The relative priorities in which the proceeds of a Liquidation are to be applied are as follows: (a) First: To the Agent as reimbursement for all Costs of Collection incurred by the Agent and to any funded reserve established pursuant to Section 14.6(a) and on account of payment of the Agency Fee. (b)
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. (a) The relative priorities to the proceeds of the Liquidation of all Collateral, other than Term Loan Priority Collateral are as follows:
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. (a) Proceeds of a Liquidation shall be distributed based on levels of priority with respect to each classification of Collateral without taking any Early Termination Assessments into account except as specified below. (b) All distributions of proceeds of a Liquidation shall be net of payment over to the Agents as reimbursement for all reasonable third party costs and expenses incurred by the Agents and to Lenders' Special Counsel and to any funded reserve established pursuant to Section 14.7(a). (c) The relative priorities to the proceeds of a Liquidation shall be distributed based on the following relative priorities:
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. (a) All distributions of proceeds of a Liquidation shall be net of payment over to the Agent as reimbursement for all reasonable third party costs and expenses incurred by the Agent and to Lenders' Special Counsel and to any funded reserve established pursuant to Section 14.6(a).
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. The relative priorities to the proceeds of a Liquidation are as follows: (a) To the Agent as reimbursement for all reasonable third party costs and expenses incurred by the Agent and to any funded reserve established pursuant to Section 13:13-6(a); and then (b) To the SwingLine Lender, on account of any SwingLine loans not converted to Revolving Credit Loans pursuant to Section 13:13-4(a)(i); and then (c) To the Revolving Credit Lenders, Pro-Rata, to the principal balance of Revolving Credit Obligations; and then (d) To the Revolving Credit Lenders, Pro-Rata, to accrued interest which constitutes Revolving Credit Obligations; and then (e) To the Revolving Credit Lenders, Pro-Rata, to the extent of the aggregate of all Revolving Credit Fees; and then (f) To any other Liabilities.
RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. (a) The relative priorities to the proceeds of a Liquidation of Collateral (other than Term Loan Priority Collateral) are as follows: (i) Subject to Section 14:14-8(c) (which relates to the allocation of third party costs and expenses): To the Agents as reimbursement for all reasonable third party costs and expenses incurred by the Agents and to Lenders' Special Counsel and to any funded reserve established pursuant to Section 14:14-7(a); and then (ii) To the SwingLine Lender, on account of any SwingLine loans not converted to Revolving Credit Loans pursuant to Section 14:14-5(a)(i); and then (iii) To the Revolving Credit Lenders (other than any Delinquent Revolving Credit Lender), pro-rata, to the unpaid principal balance of Revolving Credit Debt; and then (iv) To the Revolving Credit Lenders (other than any Delinquent Revolving Credit Lender), pro-rata, to accrued interest which constitutes Revolving Credit Debt; and then (v) To the Revolving Credit Lenders (other than any Delinquent Revolving Credit Lender), pro-rata, to Revolving Credit Fees, other than the Revolving Credit Early Termination Fee;and then (vi) To the Term Lender, to the principal balance of the Term Loan Obligations (including capitalized PIK Interest); and then (vii) To the Term Lender, to accrued interest which constitutes Term Loan Obligations (including PIK Interest which has not been capitalized); and then (viii) To any Delinquent Revolving Credit Lenders, pro-rata to amounts to which such Revolving Credit Lenders otherwise would have been entitled pursuant to Sections 14:14-8(a)(iii), 14:14-8(a)(iv),and 14:14-8(a)(v) ; and then (ix) To the Revolving Credit Lenders, pro-rata, to the extent of the Revolving Credit Early Termination Fee (if any); and then (x) To the Term Lender, to any remaining Term Loan Obligations, including any Term Loan Early Termination Fee and any Term Loan Anniversary Fee; and then (xi) To any other Liabilities; and then (xii) As provided by applicable law. (b) The relative priorities to the proceeds of a Liquidation of Term Loan Priority Collateral are as follows: (i) Subject to Section 14:14-8(c) (which relates to the allocation of third party costs and expenses): To the Agents as reimbursement for all reasonable third party costs and expenses incurred by the Agents and to Lenders' Special Counsel and to any funded reserve established pursuant to Section 14:14-7(a); and then (ii) To the Term Lender, to the principal balance of the Term Loan Obligations (inc...
