Common use of PROCEEDS OF BOOK DEBTS Clause in Contracts

PROCEEDS OF BOOK DEBTS. So long as none of the Security Interests constituted by this Deed have not become enforceable, each Chargor shall be entitled to use the proceeds of collection of its Receivables in the ordinary course of its business.

PROCEEDS OF BOOK DEBTS. So long as none of the Security Interests constituted by this Deed have not become enforceable, each the Chargor shall be entitled to use the proceeds of collection of its Receivables in the ordinary course of its business.