Common use of Operation of Collateral Accounts Clause in Contracts

Operation of Collateral Accounts. (a) All Cash Distributions received with respect to assets held in any Collateral Account shall be deposited therein promptly upon receipt thereof.

Appears in 18 contracts

Samples: Security Agreement (Marvell Technology Group LTD), Security and Pledge Agreement (Qwest Capital Funding Inc), And Pledge Agreement (Qwest Services Corp)

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Operation of Collateral Accounts. (a) All Cash Distributions received with respect to assets held in any Collateral Account shall be deposited therein in a Collateral Account promptly upon receipt thereof.

Appears in 2 contracts

Samples: Credit Agreement (Kindred Healthcare, Inc), Credit Agreement (Kindred Healthcare Inc)

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Operation of Collateral Accounts. (a) All Cash Distributions received with respect to assets held in any Collateral Account established in accordance with the terms hereof shall be deposited therein promptly upon receipt thereof.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Conseco Inc)

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