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, 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 Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes).

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 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 Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured 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 the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)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, 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 Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured PartyParties, 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 the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.

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

Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Debtors 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 Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured PartyParties, 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 the Notes are 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 continuation of any Event of Default and at any time thereafterDefault, the 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 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, 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 the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)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, dividend, interest or other sums subject to the Security Interests, whether payable pursuant to the Notes 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, pro-rata in proportion to their respective then-currently outstanding principal amount of Notes the Debenture for application to the satisfaction of the Obligations (and if the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.

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, 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 Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured 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 the Notes are any Debenture is not outstanding, pro-rata in proportion to the initial purchases of the remaining NotesNote).

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

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 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 Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party, pro-rata in proportion an amount equal to their respective then-the currently outstanding principal amount Principal Amount of Notes the Note for application to the satisfaction of the Obligations (and if the Notes are not outstanding, pro-rata in proportion to the initial purchases of the remaining Notes)Obligations.