Common use of Duty To Hold In Trust Clause in Contracts

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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 ObligationsParty.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Debtors shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor Borrower shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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 upon request by the Secured Parties forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.

Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor Debtors shall, upon receipt by it of any revenue, income or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor Debtors shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Borrower shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Loan 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.

Duty To Hold In Trust. 8.1 Upon the occurrence and during the continuance of any Event of Default Default, and at any time thereafter, the Debtor Company shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture 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 ObligationsParty.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, shall upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Loan 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.

Duty To Hold In Trust. Upon the occurrence and the continuation of any Event of Default and at any time thereafterDefault, the Debtor Debtors shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Promissory 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.

Duty To Hold In Trust. Upon the occurrence and the continuation of any ----------------------- Event of Default and at any time thereafterDefault, the Debtor Debtors shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Debtors shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture 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 Holder and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Holder for application to the satisfaction of the Obligations.

Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor Debtors shall, upon receipt by it of any revenue, income or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Securities 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.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture 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 Party, for application to the satisfaction of the Obligations.

Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the any Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture 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.