Payments and Proceeds. In the event that the Senior Note Trustee ever receives any amounts pursuant to this Pledge Agreement, or otherwise receives any amounts with respect to the Pledged Collateral following the occurrence of an Event of Default, such amounts shall first be applied to the reasonable costs and expenses, including attorneys' fees, incurred by the Senior Note Trustee in taking such action and thereafter shall be applied by the Senior Note Trustee as provided in the Senior Note Indenture. After payment in full of all Indenture Obligations, the remaining proceeds from any foreclosure hereunder shall be paid to the Pledgor, or its successors or assigns, or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, any surplus then remaining from such Proceeds.
Payments and Proceeds. If, at any time on or after Closing, any Seller receives any asset or any proceed in respect of any Acquired Asset, whether or not in payment of any sum due to Buyer, or otherwise comes into possession of any Acquired Asset or product or proceed thereof, such Seller shall turn over such asset or proceed to Buyer and pending such turn over, the Seller shall hold such asset or proceed in trust for Buyer’s benefit.
Payments and Proceeds. Before or after default under this Security Agreement, the Holder may notify all or any Account Debtors of the security constituted by this Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Holder.
Payments and Proceeds. 5.1 Before or after default under this Security Agreement, the Holder may notify all or any Account Debtors of the security constituted by this Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Holder.
5.2 The Debtor acknowledges that any payments on or other proceeds of the Collateral received by the Debtor from Account Debtors, whether before or after notification of the security constituted by this Security Agreement to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by the Debtor in trust for the Holder and shall be turned over to the Holder forthwith upon request.
Payments and Proceeds. 6.1 Before or after default under this General Security Agreement, the Lender may notify all or any Account Debtors of the security constituted by this General Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Lender.
6.2 The Borrower acknowledges that any payments on or other proceeds of the Collateral received by the Borrower from Account Debtors, whether before or after notification of the security constituted by this General Security Agreement to Account Debtors and whether before or after default under this General Security Agreement, will be received and held by the Borrower in trust for the Lender and will be turned over to the Lender forthwith upon request.
Payments and Proceeds. 5.1 Subject to the rights of the holders of the Permitted Senior Encumbrances, after default under this Security Agreement, the Secured Party may notify all or any debtors on any Account (“Account Debtors”) of the security constituted by this Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Secured Party.
Payments and Proceeds. All distributions to the Trustee with respect to the Pledged Collateral after the occurrence of an Event of Default shall first be applied to the reasonable costs and expenses, including attorneys' fees, incurred by the Trustee in taking such foreclosure action and thereafter shall be applied by the Trustee as provided in the Indenture. After payment in full of all Indenture Obligations, the remaining proceeds from any foreclosure hereunder shall be paid to the Pledgor, or its successors or assigns, or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, any surplus then remaining from such Proceeds.
Payments and Proceeds. (a) If, at any time on or after Closing, any Seller receives any asset or any proceeds in respect of any Purchased Asset, whether or not in payment of any sum due to Purchaser, or otherwise comes into possession of any Purchased Asset or product or proceed thereof, such Seller shall turn over such asset or proceed to Purchaser and pending such turn over, such Seller shall hold such asset or proceed in trust for Purchaser’s benefit. This Section 8.13(a) shall not apply to transactions contemplated by, or Purchased Assets, proceeds or products received pursuant to, the Purchaser Promissory Note or Security Agreement.
(b) If, at any time on or after Closing, Purchaser receives any asset or any proceeds in respect of any Excluded Asset, whether or not in payment of any sum due to any Seller, or otherwise comes into possession of any Excluded Asset or product or proceed thereof, Purchaser shall turn over such asset or proceed to Sellers and pending such turn over, Purchaser shall hold such asset or proceed in trust for Sellers’ benefit.
Payments and Proceeds. BEP shall establish sale prices for the services and products at current market value, and shall be entitled to all revenues and proceeds from the operation of the vending machines except as provided below. BEP shall be responsible for all state and local taxes, licenses, permits, authorizations and any other state and local requirements with regard to its ownership, use or operation of vending machines and provision of services under this Agreement.
Payments and Proceeds. Any and all monies and Proceeds received by the Collateral Agent or a Lender on the Credit Obligations or the Collateral, whether received as a prepayment, regular payment or in connection with an acceleration or a demand for payment or an Enforcement, shall be delivered to the Collateral Agent and applied promptly by the Collateral Agent as follows:
