Common use of Collateral in Trust Clause in Contracts

Collateral in Trust. While a Default or Potential Default exists, each Debtor shall (i) hold in trust (and not commingle with its other assets) for Secured Party all of its Collateral that is contracts, chattel paper, instruments, or documents of title at any time received by it, (ii) promptly deliver that Collateral to Secured Party unless Secured Party at its option gives Debtor written permission to retain any of it, and (iii) cause each contract, chattel paper, instrument, or document of title so retained to be marked to state that it is assigned to Secured Party and each instrument to be endorsed to the order of Secured Party (but failure to be so marked or endorsed may not impair the Security Interest in any such Collateral).

Collateral in Trust. While a Default or Potential Default exists, each Debtor shall (i) hold Hold in trust (and not commingle with its other assetsassets of Debtor[s]) for Secured Party all of its Collateral that is contracts, chattel paper, instruments, Pledged Securities, or documents of title at any time received by it[such] Debtor, (ii) and promptly deliver that Collateral same to Secured Party Party, unless Secured Party at its option gives (which may be evidenced only by a writing signed by Secured Party stating that Secured Party elects to permit [such] Debtor written permission to so retain) permits Debtor to retain the same, but any of it, and (iii) cause each contract, chattel paper, instrument, or document of title Collateral so retained to shall be marked to state that it is assigned to Secured Party and Party; each such instrument to shall be endorsed to the order of Secured Party (but the failure of same to be so marked or endorsed may shall not impair the Security Interest in any such Collateralthereon).

Collateral in Trust. While a Default or Potential Default existsDuring the continuance of an Event of Default, each Debtor shall (i) hold in trust (and not commingle with its other assets) for Secured Party all of its Collateral that is contracts, chattel paper, instruments, or documents of title at any time received by itsuch Debtor, and (ii) upon Secured Party’s request, promptly deliver that Collateral to Secured Party unless Secured Party at its option gives Debtor written permission to retain any all collateral of itthe type described in this Paragraph (d), and (iii) cause each contractupon Secured Party’s request, mxxx any chattel paper, instrumentinstruments, or document of title so documents retained to be marked by such Debtor to state that it is they are assigned to Secured Party Party, and (iv) upon Secured Party’s request, endorse each such instrument to be endorsed to the order of Secured Party (but the failure of same to be so marked or endorsed may shall not impair the Security Interest in any such Collateralthereon).

Collateral in Trust. While a Default or Potential Default exists, each Each Debtor shall (i) hold in trust (and not commingle with its other assets) for Secured Party all of its Collateral that is contracts, chattel paper, instruments, instruments or documents of title at any time received by it, (ii) promptly deliver that Collateral to Secured Party unless Secured Party at its option gives Debtor written permission to retain any of it, and (iii) cause each contract, chattel paper, instrument, instrument or document of title so retained to be marked to state that it is assigned to Secured Party and each instrument to be endorsed to the order of Secured Party (but failure to be so marked or endorsed may not impair the Security Interest in any such Collateral).