Common use of Collateral in Trust Clause in Contracts

Collateral in Trust. Hold in trust (and not commingle with other assets of such Debtor) for Secured Party all Collateral that is chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) at any time received by such Debtor, and promptly deliver same to Secured Party, unless Secured Party at its option (which may be evidenced only by a writing signed by Secured Party stating that Secured Party elects to permit such Debtor to so retain) permits such Debtor to retain the same, but any chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) and (to the extent required under paragraph (t) hereof) so retained shall be marked to state that they are assigned to Secured Party; each such instrument shall be endorsed to the order of Secured Party (but the failure of same to be so marked or endorsed shall not impair the Security Interest thereon).

Collateral in Trust. Hold in trust (and not commingle with other assets of such Debtor) for Secured Party all Collateral that is chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) at any time received by such Debtor, and promptly deliver same to Secured Party, unless Secured Party at its option (which may be evidenced only by a writing signed by Secured Party stating that Secured Party elects to permit such Debtor to so retain) permits such Debtor to retain the same, but any chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) and (to the extent required under paragraph (t) hereof) so retained shall be marked to state that they are assigned to Secured Party; each such instrument shall be endorsed to the order of Secured Party (but the failure of same to be so marked or endorsed shall not impair the Security Interest thereon).

Collateral in Trust. Hold in trust (and not commingle with other assets of such Debtor) for Secured Party all Collateral that is chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) at any time received by such Debtor, and promptly deliver same to Secured Party, unless Secured Party at its option (which may be evidenced only by a writing signed by Secured Party stating that Secured Party elects to permit such Debtor to so retain) permits such Debtor to retain the same, but any chattel paper, instruments, Collateral Notes, Pledged Securities, or Documents (as defined in Article 9 of the UCC) and (to the extent required under paragraph (t) hereof) , so retained shall be marked to state that they are assigned to Secured Party; each such instrument shall be endorsed to the order of Secured Party (but the failure of same to be so marked or endorsed shall not impair the Security Interest thereon).