Interest Proceeds. All amounts earned on funds in the Sharing Account and any and all proceeds received in respect of funds, property or other assets in the Sharing Agreement shall be deemed Proceeds and shall remain deposited in the Sharing Account as set forth herein as additional Collateral Proceeds (in the case of amounts earned or proceeds received in respect of Collateral Proceeds) or Debt Proceeds (in the case of amounts earned or proceeds received in respect of Debt Proceeds) for the benefit of the Covered Parties and shall only be disbursed in accordance with the terms hereof.
Appears in 3 contracts
Samples: Credit Agreement (Crown Holdings Inc), Global Participation and Proceeds Sharing Agreement (Crown Holdings Inc), Global Participation and Proceeds Sharing Agreement (Crown Holdings Inc)
Interest Proceeds. All amounts earned on funds in the Sharing Account ------------------- and any and all proceeds received in respect of funds, property or other assets in the Sharing Agreement shall be deemed Proceeds and shall remain deposited in the Sharing Account as set forth herein as additional Collateral Proceeds (in the case of amounts earned or proceeds received in respect of Collateral Proceeds) or Debt Proceeds (in the case of amounts earned or proceeds received in respect of Debt Proceeds) for the benefit of the Covered Parties and shall only be disbursed in accordance with the terms hereof.
Appears in 1 contract
Samples: Global Participation and Proceeds Sharing Agreement (Crown Holdings Inc)
