Common use of Control of Collateral Account Clause in Contracts

Control of Collateral Account. All right, title and interest in and to the Collateral Account shall vest in the Corporate Trustee on behalf of the Secured Parties, and funds on deposit in the Collateral Account shall constitute part of the Trust Estate. The Collateral Account shall be subject to the sole and exclusive dominion and control of the Corporate Trustee.

Appears in 3 contracts

Samples: Trust Agreement (Pf Net Communications Inc), Trust Agreement (Sprint Spectrum Finance Corp), Trust Agreement (Sprint Spectrum Finance Corp)

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Control of Collateral Account. All right, title and interest in and to the Collateral Account shall vest in the Corporate Trustee on behalf for the benefit of the Secured Parties, and funds on deposit in the Collateral Account shall constitute part of the Trust Estate. The Collateral Account shall be subject to the sole and exclusive dominion and control of the Corporate Trustee.

Appears in 1 contract

Samples: Joinder Agreement (Worthington Industries Inc)

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