Related Clauses

Proceeds Account
Special Collateral Account
The Collateral Account
LC Collateral Account
Collateral Accounts
Reserve Account Property
Collateral Account
Facility LC Collateral Account
Distribution of Collateral Proceeds
Collection of Accounts, Proceeds of Collateral

Parent Clauses

Distribution of Proceeds
Definitions
Headings
Collateral
Agreement for the Benefit of Holders of First-Priority Liens
Relative Rights
Rules of Construction
Consolidation, Merger or Sale of Assets by the Company
Release of Guaranty
Definitions Interpretations

Sub-Clauses

Establishment of Collateral Proceeds Account
Investment of Trust Monies
Application of Other Trust Monies
Withdrawal of Net Proceeds in Connection with Permitted Applications
Withdrawal of Net Cash Proceeds to Fund a Net Proceeds Offer or Release Following a Net Proceeds Offer
Withdrawal of Net Proceeds to Fund

Collateral Proceeds Account. (a) Upon receipt of a Direction Notice, the Collateral Agent shall establish a collateral proceeds account subject to the Lien created by the Collateral Documents in the name of the Collateral Agent into which the Proceeds (as defined below) shall be deposited and from which only the Collateral Agent may effect withdrawals (the Collateral Proceeds Account). Such amounts shall be held by the Collateral Agent in the Collateral Proceeds Account and shall be distributed from time to time by the Collateral Agent in accordance with Section 3.02.

Appears in 3 contracts

Samples: Intercreditor Agreement (NextWave Wireless Inc.), Third Lien Collateral Agency Agreement (NextWave Wireless Inc.), Second Lien Collateral Agency Agreement (NextWave Wireless Inc.)

Collateral Proceeds Account. (a) Upon receipt of a Direction Notice, the Collateral Agent shall establish a collateral proceeds account subject to the Lien created by the Collateral Documents in the name of the Collateral Agent into which the Proceeds (as defined below) shall be deposited and from which only the Collateral Agent may effect withdrawals (the "Collateral Proceeds Account"). Such amounts shall be held by the Collateral Agent in the Collateral Proceeds Account and shall be distributed from time to time by the Collateral Agent in accordance with Section 3.02.

Appears in 2 contracts

Samples: Intercreditor Agreement (NextWave Wireless Inc.), Collateral Agency Agreement (NextWave Wireless LLC)

Collateral Proceeds Account. (a) Upon receipt of a Direction Notice, the Collateral Agent shall establish a collateral proceeds account subject to the Lien created by the Collateral Documents in the name of the Collateral Agent into which the Proceeds (as defined below) shall be deposited and from which only the Collateral Agent may effect withdrawals (the “Collateral Proceeds Account”). Such amounts shall be held by the Collateral Agent in the Collateral Proceeds Account and shall be distributed from time to time by the Collateral Agent in accordance with Section 3.02.

Appears in 2 contracts

Samples: Intercreditor Agreement (Navation, Inc.), Intercreditor Agreement (Manchester Financial Group, LP)

Common use of Collateral Proceeds Account Clause in Contracts