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 Agent at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement), any payment of accounts or payment in respect of general intangibles, when collected by any Grantor, shall be promptly (and, in any event, within two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Agent, in a Cash Collateral Account, subject to withdrawal by the Agent as provided in Section 6.4. Until so turned over, such payment shall be held by such Grantor in trust for the 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 Subject to the terms of the Intercreditor Agreement, in addition to, and not in substitution for, any similar requirement in the Credit AgreementIndenture, if required by the Collateral Agent at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)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 two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent, in a Cash Collateral 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.

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 continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)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 two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed endorsed by such Grantor to the AgentCollateral Agent if required, in a 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 Parity Lien Documents, subject to the terms of the Intercreditor Agreement, if required by the Agent Collateral Trustee at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)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 two (2) 2 Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Applicable Agent, in a Cash Collateral Account, subject to withdrawal by the Applicable Agent as provided in Section 6.45.4. Until so turned over, such payment shall be held by such Grantor in trust for the Applicable 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 Documents, subject to the terms of the Intercreditor Agreement, if required by the Collateral Agent at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)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 two (2) 2 Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Applicable Agent, in a Cash Collateral Account, subject to withdrawal by the Applicable Agent as provided in Section 6.4‎5.4. Until so turned over, such payment shall be held by such Grantor in trust for the Applicable 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 required by the Collateral Agent or the Requisite Lenders at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)Default, any payment of accounts constituting Collateral or payment in respect of general intangibles, when collected by any Grantor, shall be promptly (and, in any event, within two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent, in a Cash Collateral Blocked 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.

Accounts and Payments in Respect of General Intangibles. (a) In addition to, Subject to the rights of CapitalSource under the CapitalSource Loan Agreement and not in substitution for, any similar requirement in the Credit Subordination Agreement, if required by the Collateral Agent at any time during the continuance of an Event of Default (but, in each case, subject to the terms and conditions of the Intercreditor Agreement)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 two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the AgentCollateral Agent if required, in a Cash Collateral Account, 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.