Common use of As to Receivables Clause in Contracts

As to Receivables. (a) Each Grantor shall have the right to collect all Receivables so long as no Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of written notice by the Administrative Agent to each Grantor, all proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Agent for deposit to a Deposit Account (the “Collateral Account”) of such Grantor maintained with the Administrative Agent, and such Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Agent until delivery thereof is made to the Administrative Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Agent shall have the right to apply any amount in the Collateral Account to the payment of any Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the control of the Administrative Agent and, (iii) the Administrative Agent shall have the sole right of withdrawal over such Collateral Account.

As to Receivables. (a) Each Grantor shall have the right to collect all Receivables so long as no Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of written notice by the Administrative Collateral Agent to each Grantor, all proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Collateral Agent for deposit to a Deposit Account (the “Collateral Account”) of such Grantor maintained with the Administrative Collateral Agent, and such Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Collateral Agent until delivery thereof is made to the Administrative Collateral Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Collateral Agent shall have the right to apply any amount in the Collateral Account to the payment of any Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the control of the Administrative Collateral Agent and, (iii) the Administrative Collateral Agent shall have the sole right of withdrawal over such Collateral Account.

As to Receivables. (a) Each The Grantor shall have the right to collect all Receivables so long as no Specified Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an a Specified Event or any other Event of Default and (ii) the delivery of written notice by the Administrative Collateral Agent to each the Grantor, all proceeds of Collateral received by such the Grantor shall be delivered in kind to the Administrative Collateral Agent for deposit to a Deposit Account deposit account (the “"Collateral Account”") of such the Grantor maintained with the Administrative Collateral Agent, and such the Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Agent Secured Parties until delivery thereof is made to the Administrative Collateral Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Collateral Agent shall have the right to apply any amount in the Collateral Account to the payment of any Secured Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the sole dominion and control of the Administrative Collateral Agent and, and (iii) the Administrative Collateral Agent shall have the sole right of withdrawal over such Collateral Account.

As to Receivables. (a) Each Grantor shall have the right to collect all Receivables so long as no Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of written notice by the Administrative Collateral Agent to each Grantor, all proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Collateral Agent for deposit to a Deposit Account (the “Collateral Account”) of such Grantor maintained with the Administrative Collateral Agent, and such Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Collateral Agent until delivery thereof is made to the Administrative Collateral Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Collateral Agent shall have the right to apply any amount in the Collateral Account to the payment of any Secured Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the control of the Administrative Collateral Agent and, (iii) the Administrative Collateral Agent shall have the sole right of withdrawal over such Collateral Account.

As to Receivables. (a) Each The Grantor shall have the right to collect all Receivables so long as no Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of written notice by the Administrative Agent to each the Grantor, all proceeds of Collateral received by such the Grantor shall be delivered in kind to the Administrative Agent for deposit to a Deposit Account deposit account (the “Collateral Account”) of such the Grantor maintained with the Administrative Agent, and such the Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Agent until delivery thereof is made to the Administrative Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Agent shall have the right to apply any amount in the Collateral Account to the payment of any Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the control of the Administrative Agent and, and (iii) the Administrative Agent shall have the sole right of withdrawal over such Collateral Account.

As to Receivables. (a) Each Grantor shall have the right to collect all Receivables so long as no Specified Event of Default shall have occurred and be continuing. (b) Upon (i) the occurrence and continuance of an a Specified Event or any other Event of Default and (ii) the delivery of written notice by the Administrative Collateral Agent to each Grantor, all proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Collateral Agent for deposit to a Deposit Account deposit account (the “"Collateral Account”") of such Grantor maintained with the Administrative Collateral Agent, and such Grantor shall not commingle any such proceeds, and shall hold separate and apart from all other property, all such proceeds in express trust for the benefit of the Administrative Agent Secured Parties until delivery thereof is made to the Administrative Collateral Agent. (c) Following the delivery of notice pursuant to clause (b)(ii) of this Section, the Administrative Collateral Agent shall have the right to apply any amount in the Collateral Account to the payment of any Secured Obligations which are due and payable. (d) With respect to the Collateral Account, it is hereby confirmed and agreed that (i) deposits in each Collateral Account are subject to a security interest as contemplated hereby, (ii) each such Collateral Account shall be under the sole dominion and control of the Administrative Collateral Agent and, and (iii) the Administrative Collateral Agent shall have the sole right of withdrawal over such Collateral Account.