Applications of Proceeds Clause Example with 4 Variations from Business Contracts

This page contains Applications of Proceeds clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Applications of Proceeds. After the exercise of remedies provided for in Section 8.02 of the Credit Agreement (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 8.02 of the Credit Agreement) any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Lender or any Secured Party in cash or Cash Equivalents will be applied in reduction of the Secur...ed Obligations in the order set forth in the Credit Agreement. View More
Found in Bowman Consulting Group Ltd. contract

Variations of a "Applications of Proceeds" Clause from Business Contracts

Applications of Proceeds. After the exercise of remedies provided for in Section 8.02 of the Credit Agreement (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 8.02 of the Credit Agreement) any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Lender Secured Party or any Secured Party in cash or Cash Equivalents will be applied in reductio...n of the Secured Obligations in such order of application as the order set forth in the Credit Agreement. Secured Party may elect. View More
Found in AIR T INC contract
Applications of Proceeds. After the exercise of remedies provided for in Section 8.02 of the Credit Agreement (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 8.02 of the Credit Agreement) any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Lender Secured Party or any 25 Secured Party in cash or Cash Equivalents will be applied in reduc...tion of the Secured Obligations in such order of application as the order set forth in the Credit Agreement. Secured Party may elect. View More
Found in PRO DEX INC contract
Applications of Proceeds. After the exercise of remedies provided for in Section 8.02 8.03 of the Credit Agreement (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 8.02 8.03 of the Credit Agreement) any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Lender Administrative Agent or any Secured Party in cash or Cash Equivalents will be ap...plied in reduction of the Secured Obligations in the order set forth in the Credit Agreement. View More
Found in Hain Celestial Group contract
Applications of Proceeds. After the exercise of remedies provided for in Section 8.02 of the A&R Credit Agreement (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 8.02 of the A&R Credit Agreement) any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Lender or any Secured Party in cash or Cash Equivalents will be applied in reduction of t...he Secured Obligations in the order set forth in the A&R Credit Agreement. View More
Found in AstroNova, Inc. contract