Common use of Proceeds of Collateral Clause in Contracts

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to an Approved Deposit Account or a Controlled Deposit Dominion Account (or a lockbox relating to an Approved Deposit Account or a Controlled Deposit Dominion Account). If any Borrower Obligor or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into an Approved Deposit Account or a Controlled Deposit Dominion Account.

Proceeds of Collateral. Borrowers The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Current Asset Collateral are made directly to a Controlled Deposit Account subject to a Deposit Account Control Agreement (or a lockbox relating to a Controlled Deposit Dominion Account). If any the Borrower or Subsidiary receives cash or Payment Items any check, draft or other item of payment payable to the Borrower with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than deposit the next Business Day) deposit same into a Controlled any such Deposit Account or Dominion Account.

Proceeds of Collateral. Borrowers The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts Accounts, Credit Card Receivables or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating subject to a Controlled Deposit Account)Control Agreement. If any the Borrower or Subsidiary receives cash or Payment Items any check, draft or other item of payment payable to the Borrower with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than deposit the next Business Day) deposit same into a Controlled Collateral Deposit AccountAccount subject to a Control Agreement.

Proceeds of Collateral. Borrowers Obligors shall request in writing and otherwise take all necessary reasonable steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled one or more Deposit Account Accounts (or a lockbox relating to a Controlled Deposit Account)) that are subject to Deposit Account Control Agreements. If any Borrower Obligor or Domestic Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next third Business DayDay after such receipt) deposit same into a Controlled such Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Concentration Account (or a lockbox relating to a Controlled Deposit the Concentration Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit the Concentration Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary reasonable steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit AccountAccount subject to a Deposit Account Control Agreement.

Proceeds of Collateral. Borrowers Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Collection Account (or a lockbox relating to a Controlled Deposit the Collection Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent Lender and promptly (not later than the next Business Day) deposit same into a Controlled Deposit the Collection Account.

Proceeds of Collateral. Borrowers Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Concentration Account (or a lockbox relating to a Controlled Deposit the Concentration Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit the Concentration Account.

Proceeds of Collateral. Borrowers The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any the Borrower or any Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent Lender and promptly (not later than the next three (3) Business DayDays) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to an account subject to a Controlled Deposit Account Control Agreement (or to a lockbox relating to a Controlled Deposit Accountthereto). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Concentration Account (or a lockbox relating to a Controlled Deposit the Concentration Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent Lender and promptly (not later than the next second Business Day) deposit same into a Controlled Deposit the Concentration Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Concentration Account (or a lockbox relating to a Controlled Deposit the Concentration Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent Lender and promptly (not later than the next Business Day) deposit same into a Controlled Deposit the Concentration Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next but in any event within three Business DayDays) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit the Concentration Account (or a lockbox relating to a Controlled Deposit the Concentration Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit the Concentration Account.

Proceeds of Collateral. The Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account (or a lockbox relating to a Controlled Deposit Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit Account.

Proceeds of Collateral. Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Subject Account (or a lockbox relating to a Controlled Deposit Subject Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit same into a Controlled Deposit Subject Account.