Application of Proceeds. From and during the continuance of any Event of Default (other than any Specified Default during the Forbearance Period), any monies or property actually received by the Administrative Agent pursuant to this Agreement or any other Loan Document, the exercise of any rights or remedies under any Security Document or any other agreement with any Loan Party which secures any of the Obligations (collectively, the “Default Proceeds”), may, at the option of shall be applied by the Administrative Agent (as directed by the Majority [[Organization B:Organization]]), be applied in the following order:

Section # Application of Certain Payments and Proceeds. FromAll payments and during the continuance of any Event of Default (other than any Specified Default during the Forbearance Period), any monies or property actuallyother amounts received by the Administrative Agent pursuant to this Agreement or any other Loan Document,Lender through the exercise of any rightsremedies hereunder or remedies under any Security Documentthe other Loan Documents, including all proceeds from each sale of, or other realization upon, all or any other agreement with any Loan Party which secures anypart of the Obligations (collectively,Collateral by any Creditor after an Event of Default, shall, unless otherwise required by the “Default Proceeds”), may, atterms of the option of shallother Loan Documents or by applicable law, be applied by the Administrative Agent (as directed by the Majority [[Organization B:Organization]]), be applied in the following order:as follows: