Collection and Application of Collateral Proceeds Deposit Accounts Sample Clauses

Collection and Application of Collateral Proceeds Deposit Accounts. 21 SECTION 6.01. Collection of Receivables 21 SECTION 6.02. Covenant Regarding New Deposit Accounts; Lock Boxes 22 ARTICLE VII MISCELLANEOUS 22 SECTION 7.01. Notices 22 SECTION 7.02. Survival of Agreement 22 SECTION 7.03. Binding Effect; Several Agreement 22 SECTION 7.04. Successors and Assigns 23 SECTION 7.05. Administrative Agent’s Expenses; Indemnity 23 SECTION 7.06. Administrative Agent Appointed Attorney-in-Fact; Account Verification 23 SECTION 7.07. Applicable Law 24 SECTION 7.08. Waivers; Amendment 24 SECTION 7.09. WAIVER OF JURY TRIAL 25 SECTION 7.10. Severability 25 SECTION 7.11. Counterparts 25 SECTION 7.12. Headings 25 SECTION 7.13. Jurisdiction; Consent to Service of Process 25 SECTION 7.14. Termination or Release 26 SECTION 7.15. Additional Subsidiaries 26 SECTION 7.16. Security Interest and Obligations Absolute 27 Schedules Schedule I Subsidiary Guarantors Schedule II Equity Interests; Pledged Debt Securities Schedule III Intellectual Property Schedule IV Offices for UCC Filings Schedule V UCC Information Schedule VI Locations of Collateral Schedule VII Deposit Accounts Schedule VIII Letter of Credit Rights and Chattel Paper Exhibits Exhibit A Form of Supplement This GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 24, 2011 (this “Agreement”), is entered into by and among CDW CORPORATION, a Delaware corporation (“Holdings”), CDW LLC, an Illinois limited liability company (the “Borrower”), the subsidiaries of the Borrower (each capitalized term used but not defined in this introductory paragraph or the preliminary statement below having the meaning given or ascribed to it in Article I) from time to time party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent (in such capacity, the “Administrative Agent”).
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Collection and Application of Collateral Proceeds Deposit Accounts. 30 SECTION 7.1 Collection of Receivables 30
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Collection and Application of Collateral Proceeds Deposit Accounts. 7.1. Collection of Receivables.
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Collection and Application of Collateral Proceeds Deposit Accounts. 7.1. [Reserved].
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Collection and Application of Collateral Proceeds Deposit Accounts 
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Related to Collection and Application of Collateral Proceeds Deposit Accounts

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

  • Application of Proceeds of Collateral Notwithstanding anything to the contrary in this Agreement, in the case of any Event of Default under Section 7.1(i), immediately following the occurrence thereof, and in the case of any other Event of Default: (a) upon the termination of the Revolving Credit Aggregate Commitment, (b) the acceleration of any Indebtedness arising under this Agreement, (c) at the Agent’s option, or (d) upon the request of the Majority Lenders after the commencement of any remedies hereunder, the Agent shall apply the proceeds of any Collateral, together with any offsets, voluntary payments by any Credit Party or others and any other sums received or collected in respect of the Indebtedness first, to pay all incurred and unpaid fees and expenses of the Agent under the Loan Documents and any protective advances made by Agent with respect to the Collateral under or pursuant to the terms of any Loan Document, next, to all principal, interest and fees owing under or in connection with the Revolving Credit (including the Swing Line), next to any obligations owing by any Credit Party in respect of any Hedging Obligations on a pro rata basis, next, to any other Indebtedness on a pro rata basis, and then, if there is any excess, to the Credit Parties, as the case may be.

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