Common use of Cash Proceeds Clause in Contracts

Cash Proceeds. If any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in a Collateral Account. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) may, in the sole discretion of the Collateral Agent, (A) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing.

Cash Proceeds. If any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in a Collateral AccountAgent. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) may, in the sole discretion of the Collateral Agent, (A) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral Collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing.

Cash Proceeds. If any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent Lender specified in Section 6.5 6 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral AgentLender, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent Lender in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral AgentLender, if required) and held by the Collateral Agent Lender in a the Collateral Account. Any Cash Proceeds received by the Collateral Agent Lender (whether from a Grantor or otherwise) may, in the sole discretion of the Collateral AgentLender, (A) be held by the Collateral Agent Lender for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may thereafter, be applied by the Collateral Agent Lender against the Secured Obligations then due and owing.

Cash Proceeds. If In addition to the rights of the Agent specified in Section 4.3 with respect to payments of Receivables, if any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cashCash Proceeds shall, checks and other near-cash items (collectivelyupon demand by Agent, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, unless such funds are deposited in a Deposit Account subject to a Control Agreement, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in a Collateral AccountAgent. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Collateral Agent, (Aa) be held by the Collateral Agent for the ratable benefit of the Secured Parties, Parties as collateral security for the Secured Obligations (whether matured or unmatured) and/or (Bb) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owingowing in accordance with Section 7.2(a).

Cash Proceeds. If any Event of Default shall have occurred and be continuing, in In addition to the rights of the Collateral Agent specified in Section 6.5 3.3 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”"CASH PROCEEDS") shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, unless otherwise provided in Section 3.4(b)(iii) or Section 5.15 of the Credit Agreement, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in a Collateral AccountAgent. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise): (i) mayif no Event of Default shall have occurred and be continuing, in the sole discretion of the Collateral Agent, (A) shall be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing.and

Cash Proceeds. If any Event of Default shall have has occurred and be is then continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 4.4 with respect to payments of Receivables, (a) all proceeds of any Collateral received by any Grantor consisting of cash, checks and other near-cash items Cash Equivalents (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in a the Collateral Account. Any ; and (b) any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) may, in the sole discretion of the Collateral Agent, (Ai) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (Bii) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owingowing in accordance with the terms of the Credit Agreement.