Common use of Distribution of Collateral Proceeds Clause in Contracts

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCredit Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or any other Person liable with respect to the GuarantorsObligations (including the Collateral), such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsLoan Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsBorrowers, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsBorrowers, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsGuarantor, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of any Loan Party or any other Person liable with respect to the Borrower or Obligations (including the GuarantorsCollateral), such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Buyer possesses or receives any monies are received in connection with the enforcement of any of the Loan Documentsthis Agreement, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, any Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Bank receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application in accordance with the Loan Documents to such portion of the Loans as follows:Lender may desire.

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsBorrower, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsLoan Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Lenders receive any monies are received in connection with the enforcement of any of the Loan DocumentsSecurity documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Default or Event of Default, the Agent or any Lender as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other any assets of the Borrower or the GuarantorsBorrower, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, the Agent or any Lender, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan DocumentsDocument, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Note Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower Company or any other Person liable with respect to the GuarantorsObligations (including the Collateral), such monies shall be distributed for application as follows:in accordance with the Collateral Agency Agreement.

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Suspension Event or Event of Default, the Bank receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, either Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, and subject to the provisions of the Collateral Trust Agreement, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or any other Person liable with respect to the GuarantorsObligations (including the Collateral), such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, If following the occurrence and or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following ----------------------------------- the occurrence and or during the continuance of any Default or Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Documentssecurity documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, the Bank receives any monies are received in connection with the enforcement of any of the Loan Documentssecurity interest granted to the Bank hereunder, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Potential Event of Default or Event of Default, Agent or any Lender, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Collateral Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Default or Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCredit Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Default or Event of Default, the Agent or any Lender as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other any assets of the Borrower or the GuarantorsMortgagor, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, Bank receives any monies are received in connection with the enforcement of any of the Loan DocumentsSecurity Agreement, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed by the Lender for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and only during the continuance of any Default or Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with 126 respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Default or Event of Default, Lender receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsLoan Parties, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event thatIf, following the occurrence and or during the continuance of any Default or Event of Default, Lender receive any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. (a) In the event that, following the occurrence and or during the continuance of any Event of Default, either Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application applied to the Obligations as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of Borrowers or any other Person liable with respect to the Borrower or Obligations (including the GuarantorsCollateral), such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of any Loan Party or any other Person liable with respect to the Borrower or Obligations (including the GuarantorsCollateral), such monies shall be distributed for application as follows:: 6231593.9\0334186

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Agent or any Lender, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Default or Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event thatIf, following the occurrence and or during the continuance of any Event of Default, the Agent or any Lender, as the case may be receives any monies are received in connection with the enforcement of any of the Loan Financing Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and or during the continuance of any Default or Event of Default, the Lender receives any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower Borrowers or the GuarantorsGuarantor, such monies shall be distributed for application as follows; provided that the proceeds realized from the sale of the Mortgaged Property pursuant to the Mortgage shall be applied in the order set forth therein:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCredit Parties, such monies shall be distributed for application as follows:: 101

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower Borrowers or the Guarantors, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other any assets of the Borrower or the Guarantorsany Guarantor, such monies shall be distributed for application as follows:

Distribution of Collateral Proceeds. In the event that, that following the occurrence and or during the continuance of any Event of Default, the Agent or any Bank, as the case may be, receives any monies are received in connection with the enforcement of any of the Loan Security Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the GuarantorsCollateral, such monies shall be distributed for application as follows: