Common use of Distribution of Collateral Proceeds Clause in Contracts

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

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

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

Distribution of Collateral Proceeds. In the event that that, following the occurrence or during the continuance of any an Event of Default, the Collateral Agent or any BankLender, as the case may be, receives any monies in connection with the enforcement of any of the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application applied to the Obligations as follows:

Distribution of Collateral Proceeds. In the event that that, following the occurrence or during the continuance acceleration of any Event of Defaultthe Obligations, any of the Agent Agents or any Bank, as the case may be, receives any monies in connection with the enforcement of any the Security Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application as follows: