Common use of Distribution of Proceeds Clause in Contracts

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in the event that following the occurrence or during the continuance of any Event of Default, the Agent or any Lender receives any monies on account of the Lender Obligations from the Borrower or otherwise, such monies shall be distributed for application as follows:

Appears in 6 contracts

Samples: Credit Agreement (Boston Celtics Limited Partnership), Loan Agreement (Samuels Jewelers Inc), Credit Agreement (American Skiing Co /Me)

AutoNDA by SimpleDocs

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account of the Lender Obligations from the Borrower Borrowers or otherwisein connection with the enforcement of any the Guaranties, such monies shall be distributed for application as follows:

Appears in 6 contracts

Samples: Assignment and Assumption Agreement (Life Storage Lp), Assignment and Assumption Agreement (Sovran Self Storage Inc), Credit Agreement (Sovran Self Storage Inc)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account in connection with the enforcement of its rights hereunder or under any of the Lender Obligations from the Borrower or otherwiseother Loan Documents, such monies shall be distributed for application as follows:

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Pershing Square Capital Management, L.P.), Senior Secured Credit Agreement (Borders Group Inc), Revolving Credit Agreement (Watts Industries Inc)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in In the event that following the occurrence or that, during the continuance of any Default or Event of Default, the Agent or any Lender as the case may be, receives any monies on account in connection with the enforcement of any of the Lender Obligations from Loan Documents, or otherwise with respect to the Borrower or otherwiserealization upon any of the assets of the Borrower, such monies shall be distributed for application as follows:

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Amerivest Properties Inc), Revolving Credit Agreement (Amerivest Properties Inc)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account in connection with the enforcement of any of the Lender Obligations from the Borrower or otherwiseLoan Documents, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Lexmark International Inc /Ky/)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account in connection with the enforcement of the Lender Obligations from the Borrower or otherwiseany of its rights hereunder, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Lifeline Systems Inc)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account in connection with the enforcement of its rights hereunder or under any of the Lender Obligations from the Borrower or otherwiseother Loan Documents, such monies shall shall, subject to the provisions of §§2.14 and 2.15 hereof and the Intercreditor Agreement, be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Borders Group Inc)

AutoNDA by SimpleDocs

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in In the event that that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Lender Bank, as the case may be, receives any monies on account in connection with the enforcement of any of its rights under any of the Lender Obligations from the Borrower or otherwiseLoan Documents, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Hbo & Co)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in In the event that that, following the occurrence or during the continuance of any Default or Event of Default, the Agent or any Lender Bank, as the case may be, receives any monies on account with respect to the enforcement of any of their remedies under any of the Lender Obligations from the Borrower or otherwiseLoan Documents, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Decisionone Holdings Corp)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in In the event that that, following the occurrence or and during the continuance of any Default or Event of Default, the Agent or any Lender receives the Banks receive any monies on account in connection with the enforcement of this Agreement, the Notes or any of the Lender Obligations from the Borrower or otherwiseother Loan Documents, such monies shall be distributed for application as follows:

Appears in 1 contract

Samples: Guaranty Agreement (Summit Properties Inc)

Distribution of Proceeds. Notwithstanding anything to the contrary contained herein, in 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 Lender, as the case may be, receives any monies on account in connection with the enforcement of its rights hereunder or under any of the Lender Obligations from the Borrower or otherwiseother Loan Documents, such monies shall shall, subject to the provisions of the Intercreditor Agreement, be distributed for application as follows:

Appears in 1 contract

Samples: Term Loan Agreement (Borders Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.