Proceeds of Collateral. Forthwith upon receipt, pay to Lender all proceeds of Collateral, whereupon such proceeds shall be applied to the Obligations in an order and manner as shall be determined in the discretion of Lender.
Appears in 6 contracts
Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all the proceeds of all Collateral, whereupon such proceeds shall be applied to the Obligations in an such order and manner as shall be determined in the sole and absolute discretion of Lender.
Appears in 4 contracts
Samples: Loan Agreement (Hudson Technologies Inc /Ny), Term Loan Agreement (Ep Medsystems Inc), Loan Agreement (Hudson Technologies Inc /Ny)
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all the proceeds of all Collateral, whereupon such proceeds shall be applied to the Obligations in an such order and manner as shall be determined in the discretion of Lender.
Appears in 1 contract
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all the proceeds of all Collateral, whereupon such proceeds shall be applied to the Obligations in an such order and manner as shall be determined set forth in the discretion of LenderSection 2.6 hereof.
Appears in 1 contract
Samples: Revolving Loan Agreement (Hirsch International Corp)
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all proceeds of Collateral, whereupon such proceeds shall be applied to the Obligations in an order and manner as shall be determined in accordance with the discretion terms of Lenderthis Agreement.
Appears in 1 contract
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all proceeds of Collateral, whereupon such proceeds shall be applied to the Obligations in an order and manner as shall be determined in the sole and absolute discretion of Lender.
Appears in 1 contract
Proceeds of Collateral. Forthwith upon receipt, pay to Lender all proceeds of Collateral, whereupon such proceeds shall be applied by Lender to the Obligations in an order and manner as shall be determined in the discretion of LenderObligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Community Distributors Inc)
