 What section of the Collateral Agency Agreement provides that the secured parties may apply the proceeds of the sale of any Collateral to the secured parties?
If an Event of Default shall have occurred and be continuing, any cash held by or on behalf of the Collateral Agent and all cash proceeds received by or on behalf of the Collateral Agent in respect of any sale of, collection from, or other realization upon any Collateral may be held by the Collateral Agent as collateral for, and/or then or at any time thereafter applied, in whole or in part, by the Collateral Agent for the benefit of the Secured Parties against, any Obligation, in accordance with Section 3.6 of Collateral Agency Agreement.
Section 3.6