Collection and Collateral Account. There is hereby established with Secured Party a cash collateral account (the "Collateral Account") in the name and under the control of Secured Party into which there shall be deposited from time to time the cash proceeds of the Collateral (and of any other collateral under other Obligation Document) required to be delivered to Secured Party pursuant to the following subsections of this Section 4.1 or pursuant to any other provision of this Agreement or any other Obligation Document. Debtor and Secured Party shall deal with the Collateral Account as follows:
Appears in 4 contracts
Samples: Subsidiary Security Agreement (Leslie Resources Inc), Subsidiary Security Agreement (Leslie Resources Inc), Subsidiary Security Agreement (Leslie Resources Inc)
