Common use of Monies Actually Received Clause in Contracts

Monies Actually Received. The Corporation shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, Collateral when received by Deluxe or the Receiver and such actual Proceeds shall mean all amounts received in cash by Deluxe or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, Collateral.

Appears in 2 contracts

Samples: Inventory Security Agreement (Visual Bible International Inc), Security Agreement (Visual Bible International Inc)

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Monies Actually Received. The Corporation Company shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by Deluxe the Investor or the Receiver and such actual Proceeds shall mean all amounts received in cash by Deluxe the Investor or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.

Appears in 2 contracts

Samples: Subscription Agreement (Lorus Therapeutics Inc), General Security Agreement (Lorus Therapeutics Inc)

Monies Actually Received. The Corporation Company shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease sale or other disposition of, or realization of security on, the Collateral when received by Deluxe or the Receiver Investor and such actual Proceeds shall mean all amounts received in cash by Deluxe or the Receiver Investor upon such possession, sale, lease sale or other disposition of, or realization of security on, the Collateral.

Appears in 1 contract

Samples: Subscription Agreement (Lorus Therapeutics Inc)

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Monies Actually Received. The Corporation shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Pledged Collateral when received by Deluxe or the Receiver Agent and such actual Proceeds shall mean all amounts received in cash by Deluxe or the Receiver Agent upon such possession, sale, lease sale or other disposition of, or realization of security on, the Pledged Collateral.. ARTICLE 7 β€”

Appears in 1 contract

Samples: Trust Monies Account Hypothecation Agreement (Hudson Bay Exploration & Development CO LTD)

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