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Application of Proceeds. Subject to the terms of the Intercreditor Agreement and the Security Agreements, if the Administrative Agent or any Agent collects any money or property pursuant to this [Section 11] or receives any money from the Collateral Agent as the distribution of proceeds received upon realization of any Collateral, it shall pay out the money or property in the following order:

Source document

Application of Proceeds. SubjectThe Administrative Agent shall apply all proceeds of Collateral to be applied to the terms of the Intercreditor Agreement and the Security Agreements, if the Administrative Agent or any Agent collects any money or property pursuant to this [Section 11] or receives any money fromSecured Obligations in accordance with the Collateral Agent as the distribution of proceeds received upon realization of any Collateral, it shall pay out the money or propertyDocuments in the following order:

Source document

Application of Proceeds. SubjectThe Administrative Agent shall apply all proceeds of Collateral to be applied to the terms of the Intercreditor Agreement and the Security Agreements, if the Administrative Agent or any Agent collects any money or property pursuant to this [Section 11] or receives any money fromSecured Obligations in accordance with the Collateral Agent as the distribution of proceeds received upon realization of any Collateral, it shall pay out the money or propertyDocuments in the following order:

Source document
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