Common use of Proceeds of Distressed Disposals and Debt Disposals Clause in Contracts

Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Collateral Agent for application in accordance with Clause 12 (Application of Proceeds) and, to the extent that:

Appears in 2 contracts

Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)

AutoNDA by SimpleDocs

Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Collateral Security Agent for application in accordance with Clause 12 14 (Application of Proceeds) and, to the extent that:

Appears in 2 contracts

Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD)

Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Collateral Common Security Agent for application in accordance with Clause 12 15 (Application of Proceeds) as if those proceeds were the proceeds of an enforcement of Transaction Security and, to the extent that:

Appears in 1 contract

Samples: Intercreditor Agreement (Selina Hospitality PLC)

Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Collateral Security Agent for application in accordance with Clause 12 16 (Application of Of Proceeds) and, to the extent that:

Appears in 1 contract

Samples: www.thesisam.com

AutoNDA by SimpleDocs

Proceeds of Distressed Disposals and Debt Disposals. The net proceeds of each Distressed Disposal and each Debt Disposal shall be paid, or distributed, to the Collateral Security Agent for application in accordance with Clause 12 15 (Application of Proceeds) and, to the extent that:

Appears in 1 contract

Samples: Intercreditor Agreement

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