Common use of Duty To Hold In Trust Clause in Contracts

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default, each Debtor shall upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security InterestsCollateral, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall Debtors shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Party, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes Note for application to the satisfaction of the Obligations (and if any Notes Debenture is not outstanding, pro-rata in proportion to the initial purchases of the remaining NotesNote).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance continuation of any Event of Default, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall the Company shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of the Notes for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each the Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Party, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes Note for application to the satisfaction of the Obligations (and if any Notes the Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining NotesNote).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall the Company shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default, each the Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their its respective then-currently outstanding principal amount of Notes the Note for application to the satisfaction of the Obligations (and if any Notes the Note is not outstanding, pro-rata in proportion to the initial purchases purchase of the remaining NotesNote).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes the Note for application to the satisfaction of the Obligations (and if any Notes the Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining NotesNote).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security InterestsCollateral, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes No t e is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall the Company shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of the Notes for application to the satisfaction of the Obligations (and if any the Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes Note for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining NotesNote).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes Note for application to the satisfaction of the Secured Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, each the Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

Duty To Hold In Trust. (a) Upon the occurrence and during During the continuance of any an Event of Default, each the Debtor shall shall, upon receipt of any revenue, income, dividend, interest or other sums subject to the Security Interests, 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the AgentSecured Parties, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes Note is not outstanding, pro-rata in proportion to the initial purchases purchasers of the remaining Notes).