Non Cash Recoveries Sample Clauses

Non Cash Recoveries. (a) Subject to paragraph (b) below, if, pursuant to Clause 14.1 (Order of application), a Senior Creditor or a Junior Lender receives Non-Cash Recoveries for application towards the discharge of any Liabilities, that Creditor shall apply those Non-Cash Recoveries in accordance with the relevant Note Agreement, Junior Financing Document or the Senior Loan Agreement as if they were Cash Proceeds.
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Non Cash Recoveries. To the extent the Relevant Designated Representative receives or recovers any Non-Cash Recoveries, it may (acting on the instructions of (x) so long as the Discharge of Senior Obligations has not occurred, the Required Senior Creditors or (y) after the Discharge of Senior Obligations, the Required Second Priority Creditors) or pursuant to the Collateral Trust Agreement if all Second Priority Debt is subject to the Collateral Trust Agreement) but without prejudice to its ability to exercise discretion under Section 4.02:
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Non Cash Recoveries. Recoveries shall include cash recoveries plus substantial non-cash recoveries, whether awarded by settlement or final judgment in any legal action. “
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Non Cash Recoveries. In the event the Company receives any non-cash recoveries from the disposition of the Liquidating Assets, and subject to the direction of the Board of Directors, Wexford may (i) hold such recoveries in the name of the Company for such period as the Board of Directors deems is practical to maximize the value of such recoveries, (ii) sell such recoveries for cash as the Board of Directors deems is in the best interest of the Company, and (iii) hold and dispose of any securities received in accordance with applicable securities laws. All proceeds received from the sale of any non-cash recoveries shall be Company funds and shall be retained pending disposition by the Company.
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Non Cash Recoveries. (a) Subject to paragraph (b) below and to Clause 13.4 (Alternative to Non-Cash Consideration), if, pursuant to Clause 16.1 (Order of application), an External Creditor and/or the relevant Creditor Representative receives Non-Cash Recoveries for application towards the discharge of any Liabilities, that External Creditor and/or relevant Creditor Representative (as applicable) shall apply those Non-Cash Recoveries in accordance with the relevant Debt Documents as if they were Cash Proceeds.
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Non Cash Recoveries. 12.1Security Agent and Non-Cash Recoveries To the extent the Security Agent receives or recovers any Non-Cash Recoveries, it may (acting on the instructions of the Majority Senior Creditors) but without prejudice to its ability to exercise discretion under Clause 14.2 (Prospective liabilities)):
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Non Cash Recoveries 
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Related to Non Cash Recoveries

  • Recoveries (a) With respect to any Class of Certificates (other than the Class P Certificates) to which a Realized Loss has been allocated (including any such Class for which the related Class Principal Balance has been reduced to zero), the Class Principal Balance of such Class will be increased, up to the amount of related Non-PO Recoveries for such Distribution Date as follows:

  • Non-Cash Distributions If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

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