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 Secured 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:
Appears in 3 contracts
Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.), Credit 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 or any Secured PartyLender, 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 and Term Loan Agreement (Furrs Restaurant Group Inc), Revolving Credit Agreement (Blue Steel Capital Corp)
