Common use of Proceeds to be Turned Over To Administrative Agent Clause in Contracts

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Guarantor consisting of cash, checks and other near-cash items shall be held by such Guarantor in trust for the Agents and the Lenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Guarantor in trust for the Agents and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuingcontinuing and the Loans shall have been accelerated pursuant to Section 8 of the Credit Agreement, all Proceeds received by any Guarantor consisting of cash, checks cheques and other near-cash items shall be held by such Guarantor in trust for the Agents Administrative Agent and the Lenders, segregated from other funds of such Guarantor, and shall, forthwith promptly upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Guarantor in trust for the Agents Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent Agents and the Lenders specified in Section 6.1 subsection 5.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Guarantor Holdings consisting of cash, checks and other near-cash items shall be held by such Guarantor Holdings in trust for the Agents and the Lenders, segregated from other funds of such GuarantorHoldings, and shall, forthwith upon receipt by such GuarantorHoldings, be turned over to the Administrative Agent in the exact form received by such Guarantor Holdings (duly indorsed by such Guarantor Holdings to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Guarantor Holdings in trust for the Agents Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5subsection 5.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if If an Event of Default shall occur and be continuing, all Proceeds received by any the Guarantor consisting of cash, checks and other near-cash items shall be held by such the Guarantor in trust for the Agents Administrative Agent and the Lenders, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such the Guarantor in trust for the Agents Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.56.3.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if If an Event of Default shall occur and be continuing, at any time at the Administrative Agent’s election, all Proceeds received by any Guarantor Pledgor consisting of cash, checks and other near-cash items Instruments shall be held by such Guarantor Pledgor in trust for the Agents Administrative Agent and the LendersSecured Parties, segregated from other funds of such GuarantorPledgor, and shall, forthwith upon receipt by such GuarantorPledgor, be turned over to the Administrative Agent in the exact form received by such Guarantor Pledgor (duly indorsed by such Guarantor the Pledgor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Guarantor Pledgor in trust for the Agents Administrative Agent and the LendersSecured Parties) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.55.3.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if an If a Default or Event of Default shall occur and be continuingcontinuing and Administrative Agent shall have given notice to Guarantor of its intent to exercise such rights, all Proceeds received by any Guarantor consisting of cash, cash equivalents, checks and other near-cash items shall be held by such Guarantor in trust for the Agents and the LendersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Guarantor in trust for the Agents and the LendersSecured Parties) shall continue to be held as collateral security for all the Guarantied Obligations and shall not constitute payment thereof until applied as provided in Section 6.56.3.