Common use of Constructive Trust Clause in Contracts

Constructive Trust. Borrower shall receive, as the sole and exclusive property of Bank, and as trustee for Bank, all monies, checks, notes, drafts and all other payment for and/or proceeds of Collateral which come into the possession or under the control of Borrower (or any of its shareholders, directors, officers, employees, representatives or those Persons acting for or in concert with Borrower) and immediately upon receipt thereof, Borrower shall remit the same (or cause the same to be remitted), in kind, to Bank.

Constructive Trust. Each Borrower shall receive, as the sole and ------------------ exclusive property of Bank, and as trustee for Bank, all monies, checks, notes, drafts and all other payment for and/or proceeds of Collateral which come into the possession or under the control of any Borrower (or any of its shareholders, directorspartners, officers, employees, representatives agents or those Persons acting for or in concert with such Borrower) and immediately upon receipt thereof, Borrower Borrowers shall remit the same (or cause the same to be remitted), in kind, to Bank.Bank at the address described in Paragraph 10.16 below. ---------------

Constructive Trust. Borrower shall receive, as the sole and exclusive ------------------ property of Bank, and as trustee for Bank, all monies, checks, notes, drafts and all other payment for and/or proceeds of Collateral which come into the possession or under the control of Borrower (or any of its shareholders, directorspartners, officers, employees, representatives agents or those Persons acting for or in concert with Borrower) and immediately upon receipt thereof, Borrower shall remit the same (or cause the same to be remitted), in kind, to Bank.Bank at the address described in Paragraph --------- 10.16 below. -----

Constructive Trust. Borrower Borrowers shall receive, as the sole and exclusive property of Bank, and as trustee for Bank, all monies, checks, notes, drafts and all other payment for and/or proceeds of Collateral which come into the possession or under the control of Borrower Borrowers (or any of its shareholders, directorspartners, officers, employees, representatives agents or those Persons acting for or in concert with BorrowerBorrowers) and immediately upon receipt thereof, Borrower Borrowers shall remit the same (or cause the same to be remitted), in kind, to BankBank at the address described herein.