Common use of Dividends and Distributions Held in Trust Clause in Contracts

Dividends and Distributions Held in Trust. All dividends and other distributions which are received by the Debtor contrary to the provisions of this Agreement shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of the Debtor and forthwith shall be paid over to Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).

Dividends and Distributions Held in Trust. All dividends and other distributions which are received by the Debtor Debtors contrary to the provisions of this Security Agreement shall be received and held in trust for the benefit of Secured Party, Party and shall be segregated from other funds of the Debtor and forthwith shall be paid over delivered to Secured Party as Pledged Collateral immediately upon receipt, in the same form as so received (with any necessary endorsements).

Dividends and Distributions Held in Trust. All dividends and other distributions which are received by the Debtor contrary to the provisions of this Security Agreement shall be received and held in trust for the benefit of Secured Party, Party and shall be segregated from other funds of the Debtor and forthwith shall be paid over delivered to Secured Party as Pledged Collateral immediately upon receipt, in the same form as so received (with any necessary endorsements).

Dividends and Distributions Held in Trust. All dividends and other distributions which are received by the Debtor Company contrary to the provisions of the Letter Agreement or this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other funds of the Debtor Company, and forthwith shall be paid over to the Secured Party as Pledged Collateral in the same form as so received (with any necessary endorsements).