Enforcement Proceeds definition

Enforcement Proceeds means the gross proceeds from the realisation of Vehicles in respect of Purchased Receivables and from the enforcement of any other Ancillary Rights.

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Enforcement Proceeds means the proceeds from (i) any enforcement of the Transaction Security and/or the Guarantees, (ii) a Distressed Disposal (as defined in the Intercreditor Agreement) and (iii) any other Enforcement Action (as defined in the Intercreditor Agreement), in accordance with the Intercreditor Agreement.

Enforcement Proceeds means any amount paid to or otherwise realised by a Secured Party under or in connection with any Enforcement and, following the occurrence of a Distress Event, any other proceeds of, or arising from, any of the Charged Property.

Examples of Enforcement Proceeds in a sentence

• The Company agrees that promptly on demand of the Collateral Agent it will pay to the Collateral Agent any Secured Obligation that is due and owing by the Company provided that any recourse to the Company pursuant to this Assignment shall be limited to any Enforcement Proceeds.

• The obligations of the Company owed to each Hedging Counterparty shall be secured by the Security and each Hedging Counterparty shall be entitled to share in the Enforcement Proceeds in accordance with the Deed of Appointment and Priority and Clause 33.6 (Application of Enforcement Proceeds).

• After delivery of an Enforcement Notice and notwithstanding the provisions of Schedule 6 (Accounts), all Enforcement Proceeds shall be applied in accordance with the Deed of Appointment and Priority and Clause 33.6 (Application of Enforcement Proceeds).

• The Company agrees that promptly on demand of the Delegate it will pay to the Delegate any Secured Obligation that is due and owing by the Company provided that any recourse to the Company pursuant to this Assignment shall be limited to any Enforcement Proceeds.

• In the event any cash Enforcement Proceeds, prepayments or other payments are made to or received by the Subordinate Lender in contravention of this Agreement, the Subordinate Lender shall hold such Enforcement Proceeds, prepayments or other payments in trust for the Senior Lenders and shall forthwith pay such Enforcement Proceeds, prepayments or other payments to the Administration Agent for application pursuant to Section 2.8 of this Agreement.

More Definitions of Enforcement Proceeds

Enforcement Proceeds means any cash, securities or other consideration received from time to time by the Collateral Agent as a result of the taking of any Enforcement Action in accordance with the Security Documents and Applicable Law, including, without limitation (a) any balances then outstanding in the Pledged Accounts or received therein from time to time thereafter, including any Net Cash Proceeds then held in any Pledged Account, (b) the proceeds of any Disposition or other Enforcement Action taken pursuant to Article 6, and (c) proceeds of any Foreclosure Action or judicial or other non-judicial proceeding.

Enforcement Proceeds means the aggregate net proceeds of the realisation of the Security Interests by the Trustee or any receiver under Condition 5(c) below

Enforcement Proceeds has the meaning given to it in Section 2.2(b) of the Security Sharing Agreement;

Enforcement Proceeds means all moneys received or recovered by the Security Agent after the Security has become enforceable in accordance with the terms of the Security Documents from the exercise or enforcement of the Security.

Enforcement Proceeds means any enforcement proceeds recovered in respect of the Security.

Enforcement Proceeds means any amounts, in addition to the Proceeds of Disposition, obtained after the Indenture Trustee commences any enforcement actions under Section 10.3 or Section 5.3 of the Funding LP Security Agreement to enforce any security, guarantees, indemnities, or other rights, including the Security Interest and the Funding LP Security Interest.

Enforcement Proceeds means all cash and non-cash proceeds received by the Senior Lenders or the Trust pursuant to the enforcement of their respective rights to payment of the Senior Obligations or the Subordinate Obligations following the occurrence and during the continuance of an Event of Default under the Credit Agreement, a termination of a Treasury Contract or a default in respect of any of the Subordinate Obligations, including without limitation: (i) all amounts paid by the Borrower to a Senior Lender or the Trust pursuant to a demand or court order or upon execution pursuant to any court order; (ii) all proceeds received upon the enforcement of, or any action taken with respect to, the Senior Security or any Subordinate Security; (iii) all proceeds received upon any dissolution, liquidation, winding-up, reorganization, bankruptcy, insolvency or receivership of the Borrower or the General Partner, or any other arrangement or marshalling of the assets of the Borrower or the General Partner that is similar thereto; (iv) all proceeds of any insurance claim resulting from the loss or destruction of any assets owned or held by the Borrower or the non-payment of any receivables, or any other insurance proceeds received; and (v) all proceeds of any expropriation or condemnation of any assets owned or held by the Borrower.