Common use of Distribution of Proceeds Clause in Contracts

Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Default or Event of Default, any Noteholder receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 5 contracts

Samples: Note Agreement (Endeavour International Corp), Security Agreement (Oglebay Norton Co /Ohio/), Subordinated Note and Warrant Purchase Agreement (Allou Health & Beauty Care Inc)

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Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Event of Default or Unmatured Event of Default, any Noteholder receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 2 contracts

Samples: Eagle Test Systems, Inc., Eagle Test Systems, Inc.

Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Default or Event of Default, any Noteholder Holder receives any monies with respect to the amounts due hereunderhereunder or under the Notes, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)

Distribution of Proceeds. In the event that that, following the occurrence or and during the continuance of any Default or Event of Default, any Noteholder receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Open Link Financial, Inc.)

Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Default or Event of Default, any Noteholder receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Clayton Holdings Inc)

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Distribution of Proceeds. In the event that that, following the occurrence or during the continuance of any Default or Event of Default, any Noteholder receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Purchase Agreement (Clayton Holdings Inc)

Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Default or Event of Default, any Noteholder Purchaser receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Securities Purchase Agreement (Loud Technologies Inc)

Distribution of Proceeds. In the event that following the occurrence or during the continuance of any Default or Event of Default, any Noteholder Lender receives any monies with respect to the amounts due hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Securities Purchase Agreement (LTN Staffing, LLC)

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