Common use of Payments of Collateral Clause in Contracts

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s security interest and shall, by not later than one Business Day after receipt thereof, deposit such payment in the Trust Account.

Appears in 6 contracts

Samples: Omnibus Amendment and Consent (Textainer Group Holdings LTD), Indenture (CAI International, Inc.), Indenture (Textainer Group Holdings LTD)

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Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereofIndenture), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s security interest and shall, by not later than one Business Day after receipt thereof, shall deposit such payment in the Trust AccountAccount as required under this Indenture.

Appears in 4 contracts

Samples: Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 3 contracts

Samples: Indenture (SeaCube Container Leasing Ltd.), Indenture (SeaCube Container Leasing Ltd.), Indenture (Seacastle Inc.)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture Loan Agreement in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture TrusteeAgent, as secured party hereunder, and subject to the Indenture Trustee’s Agent's security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 3 contracts

Samples: Loan Agreement (Cronos Group), Loan Agreement (Cronos Group), Loan Agreement (Cronos Group)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (or the SUBI Assets subjected to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereof)Indenture, the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and and, subject to the Indenture Trustee’s security interest and shallinterest, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Collection Account.

Appears in 2 contracts

Samples: Indenture (Seacastle Inc.), Indenture (Seacastle Inc.)

Payments of Collateral. If In the event that the Issuer shall receive receives from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture the Security Documents in accordance with Section 404 11.1 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, Trustee and subject to the Indenture Trustee’s 's security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 2 contracts

Samples: Indenture (Hanover Compressor Co /), Indenture (Hanover Compressor Co /)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereofIndenture), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s 's security interest and shall, by not later than one Business Day after receipt thereof, shall deposit such payment in the Trust AccountAccount as required under this Indenture.

Appears in 2 contracts

Samples: Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

Payments of Collateral. If the Issuer shall receive ---------------------- from any Mortgagor or any other Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 405 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s 's security interest and shall, by not later than one shall within two Business Day after receipt thereof, deposit Days transmit and deliver such payment to the Lockbox Account to be held in accordance with the Trust Accountterms hereof.

Appears in 1 contract

Samples: Indenture (Vistana Inc)

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Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s 's security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 1 contract

Samples: Indenture (Willis Lease Finance Corp)

Payments of Collateral. If the Issuer shall receive from any Person any payments (other than rental payments from Users which will be processed in accordance with provisions of the Management Agreement) with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s 's security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 1 contract

Samples: Indenture (BRL Universal Equipment Corp)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture Master Loan Agreement in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture TrusteeAgent, as secured party hereunder, and subject to the Indenture TrusteeAgent’s security interest and shall, by not later than one Business Day after receipt thereof, Shall immediately deposit such payment in the Trust Account.

Appears in 1 contract

Samples: Master Loan Agreement (Cronos Group)

Payments of Collateral. If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released from the Lien of this Indenture Loan Agreement in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture TrusteeAgent, as secured party hereunder, and subject to the Indenture TrusteeAgent’s security interest and shall, by not later than one Business Day after receipt thereof, shall immediately deposit such payment in the Trust Account.

Appears in 1 contract

Samples: Loan Agreement (Cronos Group)

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