INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC: (i) to receive any increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly; (ii) to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; to surrender such Collateral in exchange therefor and to hold any such payment or distribution as part of Collateral. (b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 2 contracts
Samples: General Security Agreement (API Technologies Corp.), General Security Agreement (VeriChip CORP)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurredAfter default, Debtor authorizes RBC:
(i) to receive any increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly;
(ii) to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; to surrender such Collateral in exchange therefor and to hold any such payment or distribution as part of Collateral.
(b) If after default Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 2 contracts
Samples: General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (DecisionPoint Systems, Inc.)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC:
(i) to receive any increase in or profits on Collateral (other than Money) and to hold held the same some as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 B hereof and dealt with accordingly;
(ii) to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; to surrender such Collateral in exchange therefor and to hold any such payment or distribution as part of Collateral.
(b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 2 contracts
Samples: General Security Agreement (Applied Digital Solutions Inc), General Security Agreement (VeriChip CORP)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC:;
(i) to receive any increase Increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly;
(ii) to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; : to surrender such Collateral in exchange therefor therefore and to hold any such payment or distribution as part of Collateral.
(b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 1 contract
Samples: Demand Loan Financing Agreement (Ideal Accents Inc)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC:;
(i) to receive any increase Increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly;
(ii) to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; to surrender such Collateral in exchange therefor therefore and to hold any such payment or distribution as part of Collateral.
(b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 1 contract
Samples: Demand Loan Financing Agreement (Ideal Accents Inc)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC:
(i) i. to receive any increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly;
(ii) . to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; to surrender such Collateral in exchange therefor therefore and to hold any such payment or distribution as part of Collateral.
(b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 1 contract
Samples: General Security Agreement (Spectrum Signal Processing Inc)
INCREASES, PROFITS, PAYMENTS OR DISTRIBUTIONS. (a) Whether or not default has occurred, Debtor authorizes RBC:
(i) ; to receive any increase Increase in or profits on Collateral (other than Money) and to hold the same as part of Collateral. Money so received shall be treated as income for the purposes of Clause 8 hereof and dealt with accordingly;
(ii) ; to receive any payment or distribution upon redemption or retirement or upon dissolution and liquidation of the issuer of Collateral; : to surrender such Collateral in exchange therefor therefore and to hold any such payment or distribution as part of Collateral.
(b) If Debtor receives any such increase or profits (other than Money) or payments or distributions, Debtor will deliver the same promptly to RBC to be held by RBC as herein provided.
Appears in 1 contract
Samples: Demand Loan Financing Agreement (Ideal Accents Inc)