INCOME FROM AND INTEREST ON COLLATERAL. (a) Until default, Debtor reserves the right to receive any Money constituting income from or interest on Collateral and if RBC receives any such Money prior to default, RBC shall either credit the same against the Indebtedness or pay the same promptly to Debtor. (b) After default, Debtor will not request or receive any Money constituting income from or interest on Collateral and if Debtor receives any such Money without any request by it, Debtor will pay the same promptly to RBC.
Appears in 9 contracts
Samples: General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (API Technologies Corp.)
INCOME FROM AND INTEREST ON COLLATERAL. (a) Until default, Debtor reserves the right to receive any Money constituting income from or interest on Collateral and if RBC receives any such Money prior to default, . RBC shall either credit the same against the Indebtedness indebtedness or pay the same promptly to Debtor.
(b) After default, Debtor will not request or receive any Money constituting income from or interest on Collateral and if Debtor receives any such Money without any request by it, Debtor will pay the same promptly to RBC.
Appears in 2 contracts
Samples: Demand Loan Financing Agreement (Ideal Accents Inc), Demand Loan Financing Agreement (Ideal Accents Inc)
INCOME FROM AND INTEREST ON COLLATERAL. (a) Until default, Debtor reserves the right to receive any Money constituting income from or interest on Collateral and if RBC receives any such Money prior to default, RBC shall either credit the same against the Indebtedness or pay the same promptly to Debtor.
(b) After default, Debtor will not request or receive any Money constituting income from or interest on Collateral and if RBC receives any any Money constituting income from or interest on Collateral and if Debtor receives any such Money without any request by it, Debtor will pay the same promptly to RBC.
Appears in 2 contracts
Samples: General Security Agreement (Thomas Equipment, Inc.), General Security Agreement (Thomas Equipment, Inc.)
INCOME FROM AND INTEREST ON COLLATERAL. (a) Until default, Debtor reserves the right to receive any Money constituting income from or interest on Collateral and if RBC receives any such Money prior to default, . RBC shall either credit the same against the Indebtedness indebtedness or pay the same promptly to Debtor.
(b) After default, Debtor will not request or receive any Money constituting income from or interest on Collateral and if Debtor receives any such Money without any request by it, Debtor will pay the same promptly to RBC.
Appears in 2 contracts
Samples: Demand Loan Financing Agreement, Demand Loan Financing Agreement (Ideal Accents Inc)
INCOME FROM AND INTEREST ON COLLATERAL. (a) Until default, Debtor reserves the right to receive any Money constituting income from or interest on Collateral and if RBC receives any such Money prior to default, RBC shall either credit the same against against, the Indebtedness or pay the same promptly to Debtor.
(b) After default, Debtor will not request or receive any Money constituting income from or interest on Collateral and if Debtor receives any such Money without any request by it, Debtor will pay the same promptly to RBC.
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