Proceeds of Disposition. The proceeds of the sale, lease or other disposition of the whole or any part of the Collateral will be applied as follows:
Proceeds of Disposition. Subject to the claims, if any, of the prior secured creditors of the Debtor, all moneys received by the Creditor or by the Receiver pursuant to Section 5.2 will be applied as follows:
Proceeds of Disposition. 5.1 The proceeds of any sale or other disposition of all or any assets comprised in the Trust Fund shall be paid promptly and in no event later than two business days after such sale, together with any interest earned thereon:
Proceeds of Disposition. Subject to applicable law and any Charges ranking in priority to the Charges created hereby, all amounts realized from Charged Property pursuant hereto will be applied as the Secured Party may see fit within the following constraints:
Proceeds of Disposition. If the Agent or a Receiver sells or leases the Collateral pursuant to subsections 6.4 or 6.6, the proceeds of sale will be applied as follows:
Proceeds of Disposition. The proceeds of any sale or other disposition of or collection of or other realization upon all or any part of the Collateral (together with any cash held as Collateral hereunder), shall be applied in the following order of priority: First, to pay the costs and expenses of collection, custody, sale or other disposition or delivery (including, without limitation, reasonable legal costs and attorneys’ fees) and all other charges incurred by the Secured Party with respect to the Collateral; Second, to the payment of the Secured Obligations pari passu in right of payment with the 12% Convertible Notes; and third, to pay any surplus to the Debtor or to any person or party lawfully entitled thereto, or as a court of competent jurisdiction may direct.
Proceeds of Disposition. The Proceeds of the sale, lease or other disposition of the whole or any part of the Collateral will be applied to pay the amounts owed to the Secured Party under Section 5.13 and the Secured Obligations, and, if any surplus remains in the hands of the Receiver or the Secured Party, that surplus will be distributed as required by the PPSA.
Proceeds of Disposition. A. The proceeds of any disposition of the Collateral shall be applied in the following order:
Proceeds of Disposition. The proceeds of any sale or other disposition of or collection of or other realization upon all or any part of the Collateral (together with any cash held as Collateral hereunder), shall be applied in the following order of priority: First, to pay the costs and expenses of collection, custody, sale or other disposition or delivery (including, without limitation, reasonable legal costs and attorneys’ fees) and all other charges incurred by the Secured Party with respect to the Collateral; Second, to the payment of the Secured Obligations; and third, to pay any surplus to the Debtor or to any person or party lawfully entitled thereto, or as a court of competent jurisdiction may direct.
Proceeds of Disposition. The proceeds of the sale, lease or other disposition of the whole or any part of the Collateral will be applied, subject to the Assignments and Postponements and the Side Letter, as follows: FIRSTLY to pay and discharge all rents, taxes, rates, insurance premiums and out-goings affecting the Collateral as the Secured Parties, in the Secured Parties' absolute discretion, see fit; SECONDLY to pay all costs and expenses of taking possession and/or sale or lease or otherwise (including the Receiver's remuneration, if any) as the Secured Parties, in the Secured Parties' absolute discretion, see fit; THIRDLY to pay such amounts as are necessary to keep in good standing all liens and charges on the Collateral prior to the security interests hereby created as the Secured Parties, in the Secured Parties' absolute discretion, see fit; FOURTHLY to pay any Obligations then outstanding, including any amounts payable to the Secured Parties pursuant to the Convertible Note; and LASTLY, to the Debtor in accordance with applicable law.
