Common use of Application of Collateral Proceeds Clause in Contracts

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below), or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent at the time of, or received by Collateral Agent after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or and avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent at the time of, or received by Collateral Agent after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent or any Lender, at the time of, or received by Collateral Agent after, or any Lender after the occurrence of an Event of DefaultDefault hereunder that has not been waived by Lenders) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent or any Lender, at the time of, of or received by Collateral Agent after, or any Lender after the occurrence of an Event of DefaultDefault hereunder that has not been waived by Lenders) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent or any Lender, at the time of, of or received by Collateral Agent after, or any Lender after the occurrence and continuation of an Event of DefaultDefault hereunder) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent Agent, on behalf of Lenders, at the time of, of or received by Collateral Agent Agent, on behalf of Lenders, after, the occurrence of an Event of DefaultDefault hereunder) shall be paid to and applied applied, without duplication, as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent or Lender, at the time of, of or received by Collateral Agent after, or Lender after the occurrence and of an Event of DefaultDefault hereunder and so long as such Event of Default has not been waived by Lender in writing) shall be paid to and applied as follows:

Application of Collateral Proceeds. The Upon the occurrence and during the continuance of any Event of Default, the proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent at the time of, or received by Collateral Agent after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages thereof (as well as any other amounts of any kind held by Collateral Agent or any Lender, at the time of, of or received by Collateral Agent after, or any Lender after the occurrence of an Event of DefaultDefault hereunder) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent at the time of, or received by Collateral Agent after, the occurrence of an Event of Default) shall be paid to and applied as follows:

Application of Collateral Proceeds. The proceeds and/or avails of the Collateral or the Real Property (as defined below)Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder and under the Mortgages (as well as any other amounts of any kind held by Collateral Agent at the time of, or received by Collateral Agent after, the occurrence of an Event of Default) shall be paid to and applied as follows: