Common use of Investment Related Property Clause in Contracts

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such Loan Party in trust for the benefit of Lender segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender in the exact form received; and

Appears in 8 contracts

Samples: Credit and Security Agreement (IES Holdings, Inc.), Credit and Security Agreement (IES Holdings, Inc.), Credit and Security Agreement (Orion Energy Systems, Inc.)

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Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the written request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such Loan Party in trust for the benefit of Lender segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender in the exact form received; and

Appears in 2 contracts

Samples: Credit and Security Agreement (COUPONS.com Inc), Credit and Security Agreement (COUPONS.com Inc)

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the request of Lenderthe Agent (at the written direction of the Required Lenders), all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such Loan Party in trust for the benefit of Lender the Agent segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender the Agent in the exact form received; and

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Genasys Inc.), Purchase Money Loan and Security Agreement (SAExploration Holdings, Inc.)

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property (other than any Investment Related Property evidenced by documents or instruments in the possession of the Noteholder Collateral Agent and subject to the Intercreditor Agreement) that are received by any Loan Party shall be held by such Loan Party in trust for the benefit of Lender segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender in the exact form received; and

Appears in 1 contract

Samples: Credit and Security Agreement (SAExploration Holdings, Inc.)

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such the Loan Party Parties in trust for the benefit of Lender segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender in the exact form received; and.

Appears in 1 contract

Samples: Credit and Security Agreement (Albany Molecular Research Inc)

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Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of DefaultDefault and subject to the terms of the Intercreditor Agreement, following the written request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party (excluding Term Priority Collateral) shall be held by such Loan Party in trust for the benefit of Lender segregated from such Loan Party’s other propertyLender, and such Loan Party shall deliver it promptly to Lender in the exact form received; and

Appears in 1 contract

Samples: Credit and Security Agreement (Differential Brands Group Inc.)

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of Default, following the request of Lender, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such the Loan Party Parties in trust for the benefit of Lender segregated from such Loan Party’s other property, and such Loan Party shall deliver it promptly to Lender in the exact form received; and

Appears in 1 contract

Samples: Credit and Security Agreement (Startek Inc)

Investment Related Property. (i) Upon the occurrence and during the continuance of an Event of DefaultDefault and subject to the terms of the Intercreditor Agreement, following the written request of LenderAgent, all sums of money and property paid or distributed in respect of the Investment Related Property that are received by any Loan Party shall be held by such Loan Party in trust for the benefit of Lender segregated from such Loan Party’s other propertyAgent and Lenders, and to the extent constituting Term Priority Collateral, such Loan Party shall deliver it promptly to Lender Agent in the exact form received; and

Appears in 1 contract

Samples: Credit and Security Agreement (Differential Brands Group Inc.)

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