Common use of Application of the proceeds Clause in Contracts

Application of the proceeds. Subject to the rights of any preferential creditors under any applicable law, the Security Trustee agrees with the Issuer to pay any sums received or recovered by the Security Trustee from or by the enforcement of the Issuer-Owned Bonds Security and/or the Cryptocurrency Security granted to secure the Security Trustee Claim in the following order:

Appears in 9 contracts

Samples: German Security and Security Trust Agreement, German Security and Security Trust Agreement, German Security and Security Trust Agreement

AutoNDA by SimpleDocs

Application of the proceeds. Subject to the rights of any preferential creditors under any applicable law, the Security Trustee agrees with the Issuer to pay any sums received or recovered by the Security Trustee from or by the enforcement of the Issuer-Owned owned Bonds Security and/or the Cryptocurrency BTC Security granted to secure the Security Trustee Claim in the following order:

Appears in 1 contract

Samples: Security and Security Trust Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.