Distribution of Collateral Proceeds. In the event that the Agent -------------------------------------- receives proceeds as contemplated by ss.2.11 or in the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, 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: Revolving Credit Agreement (Fairfield Communities Inc), Credit Agreement (Fairfield Communities Inc)
Distribution of Collateral Proceeds. In the event that the Agent -------------------------------------- receives proceeds as contemplated by ss.2.11 or in the event that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Bank, 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 Agreement (Outsource International Inc)
Distribution of Collateral Proceeds. In the event that the Agent -------------------------------------- receives proceeds as contemplated by ss.2.11 or in the event that, following the occurrence or and during the continuance of any Default or Event of Default, the Agent or any Bank, 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:: 32
Appears in 1 contract
Samples: And Modification Agreement (Ccir of California Corp)
Distribution of Collateral Proceeds. In the event that the -------------------------------------- Administrative Agent -------------------------------------- receives proceeds as contemplated by ss.2.11 or in the event that, following the occurrence or during the continuance of any Default or Event of Default, the Administrative Agent or any Bank, 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 Agreement (Fairfield Communities Inc)
