Common use of Accounts and Payments in Respect of General Intangibles Clause in Contracts

Accounts and Payments in Respect of General Intangibles. (a) In addition to, and not in substitution for, any similar requirement in the Credit Agreement, if required by the Collateral Agent at any time during the existence and continuance of an Event of Default, any payment of accounts or payment in respect of general intangibles, when collected by any Grantor, shall be promptly (and, in any event, within 5 Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent, in a Security Cash Collateral Account, subject to withdrawal by the Collateral Agent as provided in Section 6.4. Until so turned over, such payment shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor. Each such deposit of proceeds of accounts and payments in respect of general intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.

Accounts and Payments in Respect of General Intangibles. (a) In addition to, and not in substitution for, any similar requirement in the Credit Agreement, if If required by the Collateral Agent at any time upon the occurrence and during the existence and continuance of an Event of Default, any payment payments of accounts Accounts or payment payments in respect of general intangiblesGeneral Intangibles, when collected by any Grantor, shall be promptly forthwith (and, in any event, within 5 two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral AgentAgent if required, in a Security Cash Collateral AccountAccount maintained under the sole dominion and control of the Collateral Agent, subject to withdrawal by the Collateral Agent as provided in Section 6.45.4. Until so turned over, such payment payments shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor. Each such deposit of proceeds Proceeds of accounts Accounts and payments in respect of general intangibles General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.

Accounts and Payments in Respect of General Intangibles. (a) In addition to, and not in substitution for, any similar requirement in the Credit Agreement, if If required by the Collateral Agent at any time during the existence and continuance of an Event of Default, any payment payments of accounts Accounts or payment payments in respect of general intangiblesGeneral Intangibles, when collected by any Grantor, shall be promptly forthwith (and, in any event, within 5 two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral AgentAgent if required, in a Security the Cash Collateral AccountAccount or in any deposit account as the Collateral Agent shall reasonably deem necessary to establish, subject to withdrawal by the Collateral Agent as provided in Section 6.45.4. Until so turned over, such payment payments shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor. Each such deposit of proceeds Proceeds of accounts Accounts and payments in respect of general intangibles General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.

Accounts and Payments in Respect of General Intangibles. (a) In addition to, and not in substitution for, any similar requirement in the Credit AgreementExchange Agreement or any other Transaction Document, if required by the Collateral Agent at any time during the existence and continuance of an Event of Default, any payment of accounts or payment in respect of general intangibles, when collected by any Grantor, shall be promptly (and, in any event, within 5 two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent, in a Security Cash Collateral Collection Account, subject to withdrawal by the Collateral Agent as provided in Section 6.45.4. Until so turned over, such payment shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor. Each such deposit of proceeds of accounts and payments in respect of general intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.