Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 345 contracts
Samples: Security Agreement (Evolucia Inc.), Security Agreement (Evolucia Inc.), Security Agreement (Evolucia Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 97 contracts
Samples: Security Agreement (ID Global Solutions Corp), Security Agreement (ID Global Solutions Corp), Security Agreement (AMP Holding Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 9 contracts
Samples: Guaranty and Security Agreement (Flux Power Holdings, Inc.), Security Agreement (ID Global Solutions Corp), Credit Facility Agreement (Flux Power Holdings, Inc.)
Duty To Hold In Trust. Upon the occurrence of any an Event of Default Default, and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 6 contracts
Samples: Security Agreement (Medlink International, Inc.), Security Agreement (Flint Telecom Group Inc.), Security Agreement (NaturalNano , Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Subordinate Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 4 contracts
Samples: Intellectual Property Security Agreement (Crystal International Travel Group, Inc.), Intellectual Property Security Agreement (Crystal International Travel Group, Inc.), Security Agreement (Crystal International Travel Group, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and --------------------- at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 3 contracts
Samples: Security Agreement (Roanoke Technology Corp), Security Agreement (Roanoke Technology Corp), Security Agreement (E Resources Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and ----------------------- at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 3 contracts
Samples: Security Agreement (Torbay Holdings Inc), Security Agreement (Marketcentral Net Corp), Security Agreement (Locateplus Holdings Corp)
Duty To Hold In Trust. Upon the occurrence of any Event of Default --------------------- and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 3 contracts
Samples: Intellectual Property Security Agreement (Pediatric Prosthetics Inc), Security Agreement (Mt Ultimate Healthcare Corp), Intellectual Property Security Agreement (Mt Ultimate Healthcare Corp)
Duty To Hold In Trust. Upon the occurrence of any Event of Default --------------------- and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Aquatic Cellulose International Corp), Security Agreement (Airtech International Group Inc)
Duty To Hold In Trust. Upon the occurrence of any an Event of Default Default, and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Premier Alliance Group, Inc.), Security Agreement (GreenHouse Holdings, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Note, the Purchase Agreement, or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Thinspace Technology, Inc.), Security Agreement (Thinspace Technology, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Certificate of Designation or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Celexx Corp), Security Agreement (Celexx Corp)
Duty To Hold In Trust. Upon the occurrence of any Event of ---------------------- Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Demarco Energy Systems of America Inc), Intellectual Property Security Agreement (Demarco Energy Systems of America Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and ----------------------- at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, noteDebenture, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Summus Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of --------------------- Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Med Gen Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any --------------------- time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon Following the request of the Secured Party upon the occurrence and during the continuance of any Event of Default and at any time thereafterDefault, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon Except as otherwise provided in paragraph --------------------- 16, upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon the occurrence of any an Event of Default Default, and at any time thereafter, the Company Subsidiary shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Advanced Growing Systems, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Visijet Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Note or otherwise, or of any check, draft, notenotes, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Ameriresource Technologies Inc)
Duty To Hold In Trust. Upon the occurrence of any Event --------------------- of Default and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Med Gen Inc)
Duty To Hold In Trust. Upon the occurrence of any an Event of Default Default, and at any time thereafter, the Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Advanced Growing Systems, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the each Company shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
