Common use of Cash Proceeds Clause in Contracts

Cash Proceeds. In addition to the rights of the Secured Party specified in Section 4.3 with respect to payments of Receivables, Cash Proceeds shall be held by such Debtor in trust for the Secured Party, segregated from other funds of such Debtor, and shall, forthwith upon receipt by such Debtor, unless otherwise provided pursuant to Section 4.4, be turned over to the Secured Party in the exact form received by such Debtor (duly indorsed by such Debtor to the Secured Party, if required). Any Cash Proceeds received by the Secured Party (whether from a Debtor or otherwise): (i) if no Event of Default shall have occurred and be continuing, shall be held by the Secured Party for the ratable benefit of the Holders, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Secured Party, (A) be held by the Secured Party for the ratable benefit of the Holders, 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 Secured Party against the Secured Obligations then due and owing.

Cash Proceeds. In addition to the rights of the Secured Party specified in Section 4.3 4.2 with respect to payments of Receivables, all proceeds of any Collateral received by the Grantor after the occurrence and during the continuation of an Event of Default consisting of cash, checks and other non-cash items (collectively, “Cash Proceeds Proceeds”) shall be held by such Debtor the Grantor in trust for the Secured Party, segregated from other funds of such Debtorthe Grantor, and shall, forthwith upon receipt by such Debtor, unless otherwise provided pursuant to Section 4.4the Grantor, be turned over to the Secured Party in the exact form received by such Debtor the Grantor (duly indorsed by such Debtor the Grantor to the Secured Party, if required)) and held by the Secured Party. Any Cash Proceeds received by the Secured Party (whether from a Debtor the Grantor or otherwise): (i) if no Event of Default shall have occurred and be continuing), shall be held by the Secured Party for the ratable benefit of the Holders, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Secured Party, (Aa) be held by the Secured Party for the ratable benefit of the Holders, as collateral security for the Secured Obligations (whether matured or unmatured) and/or or (Bb) then or at any time thereafter may be applied by the Secured Party against the Secured Obligations then due and owing. For the avoidance of doubt, so long as no Event of Default has occurred and is continuing, nothing contained herein shall limit the rights of the Grantor to use and apply Cash Proceeds as it sees fit.

Cash Proceeds. In addition to Upon the rights occurrence and during the continuation of the Secured an Event of Default, all proceeds of any Collateral received by any Loan Party specified in Section 4.3 with respect to payments consisting of Receivablescash, checks and other non-cash items (collectively, “Cash Proceeds Proceeds”) shall be held by such Debtor Loan Party in trust for the Secured PartyLender, segregated from other funds of such DebtorLoan Party, and shall, forthwith upon receipt by such Debtor, unless otherwise provided pursuant to Section 4.4, Loan Party be turned over to the Secured Party Lender in the exact form received by such Debtor Loan Party (duly indorsed by such Debtor Loan Party to the Secured PartyLender, if required)) and held by Lender in the Collateral Account. Any Cash Proceeds received by the Secured Party Lender (whether from a Debtor any Loan Party or otherwise): (i) if no Event of Default shall have occurred and be continuing, shall be held by the Secured Party for the ratable benefit of the HoldersLender, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Secured PartyLender, (A) be held by the Secured Party for the ratable benefit of the HoldersLender, 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 Secured Party Lender against the Secured Obligations then due and owingObligations.

Cash Proceeds. In addition to the rights of the Secured Party specified in Section 4.3 4.2 with respect to payments of Receivables, Cash Proceeds all proceeds of any Collateral received by the Grantor after the occurrence and during the continuation of an Event of Default consisting of cash, checks and other non-cash items (collectively, "CASH PROCEEDS") shall be held by such Debtor the Grantor in trust for the Secured Party, segregated from other funds of such Debtorthe Grantor, and shall, forthwith upon receipt by such Debtor, unless otherwise provided pursuant to Section 4.4the Grantor, be turned over to the Secured Party in the exact form received by such Debtor the Grantor (duly indorsed by such Debtor the Grantor to the Secured Party, if required)) and held by the Secured Party. Any Cash Proceeds received by the Secured Party (whether from a Debtor the Grantor or otherwise): (i) if no Event of Default shall have occurred and be continuing), shall be held by the Secured Party for the ratable benefit of the Holders, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Secured Party, (Aa) be held by the Secured Party for the ratable benefit of the Holders, as collateral security for the Secured Obligations (whether matured or unmatured) and/or or (Bb) then or at any time thereafter may be applied by the Secured Party against the Secured Obligations then due and owing. For the avoidance of doubt, so long as no Event of Default has occurred and is continuing, nothing contained herein shall limit the rights of the Grantor to use and apply Cash Proceeds as it sees fit.

Cash Proceeds. In addition to the rights All proceeds of the Secured Party specified in Section 4.3 with respect to payments any Collateral received by any Grantor consisting of Receivablescash, checks and other near-cash items (collectively, "Cash Proceeds Proceeds") shall be held by such Debtor Grantor in trust for the Secured Party, segregated from other funds of such DebtorGrantor, and shall, forthwith upon receipt by such Debtor, unless otherwise provided pursuant to Section 4.4Grantor, be turned over to the Secured Party in the exact form received by such Debtor Grantor (duly indorsed by such Debtor Grantor to the Secured Party, if required)) and held by the Secured Party. Any Cash Proceeds received by the Secured Party (whether from a Debtor Grantor or otherwise): (i) if no Event of Default shall have occurred and be continuing, shall be held by the Secured Party for the ratable benefit of the HoldersBeneficiaries, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Secured Party, (A) be held by the Secured Party for the ratable benefit of the HoldersBeneficiaries, 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 Secured Party against the Secured Obligations then due and owing.