Common use of Collection of Receivables Clause in Contracts

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall shall, upon request, deliver to Agent, or deposit in the Blocked Account or, upon request by Agent, deliver to AgentAccount, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default that has not been waived or a Default cured or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall shall, upon request, deliver to Agent, or deposit in the Blocked Account or, upon request by Agent, deliver to AgentAccount, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s Borrowers’ authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems credit judgment exercised in good xxxxx xxxxx it to be in Lenders’ best interest to do so), each Borrower Borrowers will, at such Borrower’s Borrowers’ sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds Borrowers’ fund or use the same except to pay Obligations. Each Borrower Borrowers shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion Permitted Discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion Permitted Discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default and shall be effective only so long as such Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so)Event of Default is continuing, each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall shall, upon request, deliver to Agent, or deposit in the Blocked Account or, upon request by Agent, deliver to AgentAccount, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s Borrowers' authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems credit judgment exercised in good xxxxx xxxxx it to be in Lenders’ ' best interest to do so), each Borrower Borrowers will, at such Borrower’s Borrowers' sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds Borrowers' fund or use the same except to pay Obligations. Each Borrower Borrowers shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default exists or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default that has not been waived or a Default cured or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such BorrowerBxxxxxxx’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s or its Guarantors’ authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), Borrower and each Borrower Guarantor will, at such Borrower’s and its Guarantors’ sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on ReceivablesReceivables subject to permitted adjustments and usual terms and conditions, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower and each Guarantor shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole and reasonable discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole reasonable discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole reasonable cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion Permitted Discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, Receivables and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion reasonable credit judgment deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion Permitted Discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole discretion deems it to be in Lenders’ best interest to do so), each Borrower will, at such Borrower’s sole cost and expense, but on Agent’s behalf and for Agent’s account, collect as Agent’s property and in trust for Agent all amounts received on Receivables, Receivables and shall not commingle such collections with any Borrower’s funds or use the same except to pay Obligations. Obligations Each Borrower shall deposit in the Blocked Account or, upon request by Agent, deliver to Agent, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or when Agent in its sole reasonable discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall shall, upon request, deliver to Agent, or deposit in the Blocked Account or, upon request by Agent, deliver to AgentAccount, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.

Collection of Receivables. Until any Borrower’s 's authority to do so is terminated by Agent (which notice Agent may give at any time following the occurrence of an Event of Default or a Default or and during the continuation thereof when Agent in its sole discretion deems it to be in Lenders’ ' best interest to do so), each Borrower will, at such Borrower’s 's sole cost and expense, but on Agent’s 's behalf and for Agent’s 's account, collect as Agent’s 's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower’s 's funds or use the same except to pay Obligations. Each Borrower shall forthwith deliver to Agent, or deposit in the Blocked Account or, upon request by Agent, deliver to AgentAccount, in original form and on the date of receipt thereof, all checks, drafts, notes, money orders, acceptances, cash and other evidences of Indebtedness.