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 Default or Event of Default, the Administrative Agent or any Lender, 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:

Appears in 24 contracts

Samples: Credit Agreement (Safety Insurance Group Inc), Term Loan Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

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Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 15 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 13 contracts

Samples: Term Loan Agreement (CAI International, Inc.), Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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:

Appears in 6 contracts

Samples: Revolving Credit and Term Loan Agreement, Credit Agreement (KKR Financial Corp), Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

Distribution of Collateral Proceeds. In the event that, following ----------------------------------- the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 6 contracts

Samples: Revolving Credit (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, Lender 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 as follows:

Appears in 4 contracts

Samples: Credit Agreement (Prime Group Realty Trust), Credit Loan Agreement (Koger Equity Inc), Credit Agreement (Prime Group Realty Trust)

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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:

Appears in 3 contracts

Samples: Credit Agreement (Crystal Rock Holdings, Inc.), Credit Agreement (Vermont Pure Holdings LTD/De), Credit Agreement (Vermont Pure Holdings LTD/De)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/), Revolving Credit and Term Loan Agreement (Stride & Associates Inc), Term Loan Agreement (Bangor Hydro Electric Co)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 3 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.), Credit Agreement (Seacastle Inc.)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, Lender 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 as follows:

Appears in 2 contracts

Samples: Term Loan Agreement (Amerivest Properties Inc), Revolving Credit Agreement (Amerivest Properties Inc)

Distribution of Collateral Proceeds. In the event thatIf, following the occurrence or and during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, as the case may be, receives any monies in connection with the enforcement of any of the Security Loan Documents, or otherwise with respect to the realization upon any of the Collateral, such monies shall be distributed for application applied as follows:set forth in Section 2.8(e).

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Advanced Emissions Solutions, Inc.), Term Loan and Security Agreement (Advanced Emissions Solutions, Inc.)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Operations Agent, the Administrative Agent or any LenderBank, 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:

Appears in 2 contracts

Samples: Credit Agreement (Baron Select Funds), Credit Agreement (Baron Select Funds)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 2 contracts

Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent Agent, the Acceptance Bank, the Issuing Bank or any Lender, 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 as follows:

Appears in 2 contracts

Samples: Credit Agreement (Baker J Inc), Credit Agreement (Baker J Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

Distribution of Collateral Proceeds. In the event that, that following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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:

Appears in 2 contracts

Samples: Revolving Credit Agreement (CML Group Inc), And Term Loan Agreement (Il Fornaio America Corp)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderSecured Party, 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 as follows:in accordance with the provisions of Section 5.4 of the Security Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Dynamics Research Corp)

Distribution of Collateral Proceeds. In the event that, that following ----------------------------------- the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 1 contract

Samples: Credit Agreement (Ameriking Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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 followsapplication:

Appears in 1 contract

Samples: Revolving Credit Agreement (Terex Corp)

Distribution of Collateral Proceeds. In the event that, following the ----------------------------------- occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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 as follows:

Appears in 1 contract

Samples: Revolving Credit (Chart House Enterprises Inc)

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

Appears in 1 contract

Samples: Loan Agreement (D&e Communications Inc)

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Distribution of Collateral Proceeds. In the event that, following the ----------------------------------- occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 as follows:

Appears in 1 contract

Samples: Loan Agreement (Finova Group Inc)

Distribution of Collateral Proceeds. In the event that the Administrative Agent receives proceeds as contemplated by §2.12 or in the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent Agent, the Issuing Bank or any Lender, 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 shall, subject to the provisions of the Intercreditor Agreement, be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Seneca Foods Corp /Ny/)

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

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent, the Collateral Agent or any Lender, 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:

Appears in 1 contract

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

Distribution of Collateral Proceeds. In the event that, following the ----------------------------------- occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Century Aluminum Co)

Distribution of Collateral Proceeds. In the event that, ----------------------------------- following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 1 contract

Samples: And Term Loan Agreement (Petro Stopping Centers L P)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative an Agent or any Lender, 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 as follows:

Appears in 1 contract

Samples: Credit Agreement (CAI International, Inc.)

Distribution of Collateral Proceeds. In the event that, that following ------------ -- ---------- -------- the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any LenderBank, 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:

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or and during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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 turned over to the Agent and distributed by the Agent for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunglass Hut International Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

Distribution of Collateral Proceeds. In the event that, following the ----------------------------------- occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Lender, 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:

Appears in 1 contract

Samples: Revolving Credit Agreement (Us Xpress Enterprises Inc)

Distribution of Collateral Proceeds. In the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent, the Collateral Agent or any Lender, 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 shall, subject to the provisions of §§ 2.11 and 5.8 be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

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