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. (a) Upon the occurrence and during the continuance of any Event of Default and at any time thereafter, the each 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 ObligationsParty.

Duty To Hold In Trust. (a) Upon the occurrence and continuance of any Event of Default and at any time thereafter, the each 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 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 ObligationsParty.

Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafterduring the continuation of such Event of Default, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to any of 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 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 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. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each 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 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. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each 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 for application to the satisfaction of the ObligationsParty.

Duty To Hold In Trust. (a) 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 for application to the satisfaction of the ObligationsParty.

Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each 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 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 ObligationsParty.

Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default and at any time thereafter, the each 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 Secured 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 ObligationsParty.

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. (a) Upon the occurrence and during the continuation of any Event of Default Default, and at any time thereafterupon receipt of written notice from the Secured Party, the each 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 promptly 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. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, 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. (a) Upon the occurrence and during the continuance of any Event of Default and at any time thereafterDefault, 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 ObligationsParty.