Proceeds of Sale. Nothing contained in this Agreement shall limit or restrict in any way the Secured Party's right to receive Proceeds of the Collateral in any form in accordance with the provisions of this Agreement. All Proceeds that are received by the Debtor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other property or funds of the Debtor and shall be forthwith paid over to the Secured Party as Collateral in the same form as so received (with any necessary endorsement, document or instrument of transfer).
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Samples: Secured Promissory Note and Security Agreement (Charlie's Holdings, Inc.), Secured Promissory Note and Security Agreement (Charlie's Holdings, Inc.), And Security Agreement (Charlie's Holdings, Inc.)
Proceeds of Sale. Nothing contained in this Agreement shall limit or restrict in any way the Secured Party's right to receive Proceeds of the Collateral in any form in accordance with the provisions of this Agreement. All Proceeds that are received by the Debtor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other property or funds of the Debtor and shall be forthwith paid over to the Secured Party as Collateral in the same form as so received (with any necessary endorsement, document or instrument of transfer).
Appears in 2 contracts
Samples: Borrower Security Agreement (Peoples Liberation Inc), Borrower Security Agreement (Peoples Liberation Inc)
Proceeds of Sale. Nothing contained in this Agreement shall limit or restrict in any way the Secured Party's right to receive Proceeds of the Collateral in any form in accordance with the provisions of this Agreement. All Proceeds that are received by any of the Debtor Guarantors contrary to the provisions of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other property or funds of the Debtor such Guarantor and shall be forthwith paid over to the Secured Party as Collateral in the same form as so received (with any necessary endorsement, document or instrument of transfer).
Appears in 2 contracts
Samples: Guarantor Security Agreement (Peoples Liberation Inc), Guarantor Security Agreement (Peoples Liberation Inc)
Proceeds of Sale. Nothing contained in this Agreement shall limit or restrict in any way the Secured Party's Parties’ right to receive Proceeds of the Collateral in any form in accordance with the provisions of this Agreement. All Proceeds that are received by the Debtor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Secured PartyParties, shall be segregated from other property or funds of the Debtor Debtors and shall be forthwith paid over to the Secured Party Parties as Collateral in the same form as so received (with any necessary endorsement, document or instrument of transfer).
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Samples: Security Agreement (Globix Corp)
Proceeds of Sale. Nothing contained in this Agreement shall limit or ---------------- restrict in any way the Secured Party's right to receive Proceeds of the Collateral in any form in accordance with the provisions of this Agreement. All Proceeds that are received by the Debtor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Secured Party, shall be segregated from other property or funds of the Debtor and shall be forthwith paid over to the Secured Party as Collateral in the same form as so received (with any necessary endorsement, document or instrument of transfer).
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