Common use of Covered Dispositions Clause in Contracts

Covered Dispositions. Cause all Net Cash Proceeds received by any Loan Party in respect of any Covered Disposition in cash or Cash Equivalents to be deposited directly upon receipt in a Lockbox Account or the Core Concentration Account.

Appears in 4 contracts

Samples: Convertible Notes Commitment Agreement (Accuride Corp), Possession Credit Agreement (Accuride Corp), Restructuring Support Agreement (Accuride Corp)

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Covered Dispositions. Cause all Net Cash Proceeds received by payments to any Loan Party in respect of any Covered Disposition in cash or Cash Equivalents to be deposited directly upon receipt in a Lockbox Account or the Core Concentration Sweep Account.

Appears in 1 contract

Samples: Possession Credit Agreement (Equistar Chemicals Lp)

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