Common use of Proceeds of Collateral Clause in Contracts

Proceeds of Collateral. The Member, as the Bank’s agent, shall collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s use and disposition of all such collections.

Proceeds of Collateral. The Member, as the Bank’s agent, Member shall collect all payments when due on all ail Collateral. If the Bank so requires, the Member Member, as the Bank's agent, shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents Member shall be entitled to the Member’s use and disposition dispose of all such collectionscollections in the ordinary course of its business and in compliance with all laws, rules, and regulations. 4.

Proceeds of Collateral. The Member, as the Bank’s agent, shall collect all payments when due on all Collateral. If the Bank so requiresUpon receipt of written notice, the Member shall hold such collections and other proceeds of Collateral separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s use and disposition of all such collections, except as may otherwise be provided under a control agreement executed by the parties.

Proceeds of Collateral. The Member, as the Bank’s 's agent, shall collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s 's use and disposition of all such collections.

Proceeds of Collateral. The Member, as the Bank’s agent, Member shall collect all payments when due on all Collateral. If the Bank so requires, the Member Member, as the Bank's agent, shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness indebtedness as it becomes due; otherwise, the Bank consents Member shall be entitled to the Member’s use and disposition dispose of all such collectionscollections in the ordinary course of business and in compliance with all laws, rules, and regulations.

Proceeds of Collateral. The Member, as the Bank’s agent, Member shall collect all payments when due on all Collateral. If the Bank so requires, the Member Member, as the Bank's agent, shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents Member shall be entitled to the Member’s use and disposition dispose of all such collectionscollections in the ordinary course of its business and in compliance with all laws, rules, and regulations.

Proceeds of Collateral. The Member, as the Bank’s 's agent, shall collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness indebtedness as it becomes due; otherwise, the Bank consents to the Member’s 's use and disposition of all such collections.

Proceeds of Collateral. The Member, Member as the Bank’s agent, shall collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s use and disposition of all such collections.

Proceeds of Collateral. The Member, as the Bank’s 's agent, shall collect all payments when due on all Collateral. If Upon receipt of written notice from the Bank so requiresafter an Event of Default occurs and is continuing, the Member shall hold such collections and other proceeds of Collateral separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s 's use and disposition of all such collections.

Proceeds of Collateral. The Member, as the Bank’s 's agent, shall ----------------------- collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness indebtedness as it becomes due; otherwise, the Bank consents to the Member’s 's use and disposition of all such collections.

Proceeds of Collateral. The Member, as the Bank’s 's agent, shall collect all payments when due on all Collateral. If the Bank so requires, the Member shall hold such collections and other proceeds of Collateral separate from its other monies in one or more designated cash collateral accounts maintained at the Bank and apply them to the reduction of Indebtedness as it becomes due; otherwise, the Bank consents to the Member’s 's use and disposition of all such collections.