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

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur occurs and be continuingis continuing and the Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any the Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor it in trust for the Administrative Agent and the LendersBanks, segregated from other funds of such the Grantor, and shall, forthwith upon receipt by such the Grantor, be turned over to the Administrative Agent in the exact form received by such the Grantor (duly indorsed by such the Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the LendersBanks) shall continue to be held as collateral security for all the Credit Agreement Obligations and shall not constitute payment thereof until applied as provided in Section 7.55.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur have occurred and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent Agents and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed endorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a deposit account (a "Collateral Account Account") maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the 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 7.5subsection 5.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.57.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor Holdings consisting of cash, checks and other near-cash items shall be held by such Grantor Holdings in trust for the Administrative Agent Agents and the Lenders, segregated from other funds of such GrantorHoldings, and shall, forthwith upon receipt by such GrantorHoldings, be turned over to the Administrative Agent in the exact form received by such Grantor Holdings (duly indorsed endorsed by such Grantor Holdings to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a deposit account (a "Collateral Account Account") maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor Holdings in trust for the 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 7.5subsection 5.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor the Borrower consisting of cash, checks and other near-cash items shall be held by such Grantor the Borrower in trust for the Administrative Agent Agents and the Lenders, segregated from other funds of such Grantorthe Borrower, and shall, forthwith upon receipt by such Grantorthe Borrower, be turned over to the Administrative Agent in the exact form received by such Grantor the Borrower (duly indorsed endorsed by such Grantor the Borrower to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a deposit account (a "Collateral Account Account") maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor the Borrower in trust for the 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 7.5subsection 5.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur occurs and be continuingis continuing and the Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks cash and other near-cash items equivalents shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.57.7.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, if requested by the Administrative Agent, all Proceeds received by any Grantor the Company consisting of cash, checks and other near-cash items shall be held by such Grantor the Company in trust for the Administrative Agent and the LendersBanks, segregated from other funds of such Grantorthe Company, and shall, forthwith upon receipt by such Grantorthe Company, be turned over to the Administrative Agent in the exact form received by such Grantor the Company (duly indorsed by such Grantor the Company to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor the Company in trust for the Administrative Agent and the LendersBanks) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 7.55.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuingthe Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items Cash Equivalents shall be held by such Grantor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.2.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuingcontinuing and the Administrative Agent has instructed any Grantor to do so, all Proceeds received by any such Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 6.2 shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All such Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the 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 7.56.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section section 7.4 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 Grantor in trust for the 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 7.57.7.

Proceeds to be Turned Over To Administrative Agent. If In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 hereof with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lendersother Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if requiredas applicable). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the Lendersother Secured Parties) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.56.5 hereof.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuingthe Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items Cash Equivalents shall be held by such Grantor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the LendersSecured Parties) shall continue to be LEGAL02/38440571v3 held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 7.56.2.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any the Grantor consisting of cash, checks and other near-cash items shall be held by such the Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such the Grantor, and shall, forthwith upon receipt by such the Grantor, be turned over to the Administrative Agent in the exact form received by such the Grantor (duly indorsed by such the Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.54.8.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuingthe Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items Cash Equivalents shall be held by such Grantor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur occurs and be is continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a Collateral Account collateral account maintained under its sole dominion and control. All Proceeds Proceeds, while held by the Administrative Agent in a Collateral Account any collateral account (or by such Grantor in trust for the Administrative Agent and the Lenders) Secured Parties), shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in accordance with Section 7.58.03 of the Credit Agreement.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor each Pledgor consisting of cash, checks and other near-cash items Instruments shall be held by such Grantor Pledgor in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such GrantorPledgor, and shall, forthwith upon receipt by such GrantorPledgor, be turned over to the Administrative Agent in the exact form received by such Grantor Pledgor (duly indorsed endorsed by such Grantor Pledgor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor each Pledgor in trust for the 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 7.55.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds with respect to Collateral received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent (for its benefit and for the ratable benefit of the Issuers and the Lenders), segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to deposited in a Deposit Account included in the Administrative Agent Collateral in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 shall be with respect to Collateral while 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 Deposit Account (or by such Grantor in trust for the Administrative Agent (for its benefit and for the ratable benefit of the Issuers 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 7.55.2.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.55.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the LendersBanks, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the LendersBanks) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 7.50.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur have occurred and be continuingcontinuing and the Administrative Agent so requests, all Proceeds received by any Grantor consisting of cash, checks cash and other near-cash items equivalents shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.56.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur have occurred and be continuing, all Proceeds received by any Grantor the Company consisting of cash, cash equivalents and checks (other than such Proceeds which are attributable to Collateral beneficially owned by third parties and other near-cash items amounts described in Section 5.8 of the Credit Agreement) shall be held by such Grantor the Company in trust for the Administrative Agent and the LendersSecured Parties, segregated from other funds of such Grantorthe Company, and shall, forthwith upon receipt by such Grantor, the Company be turned over to the Administrative Agent in the exact form received by such Grantor the Company (duly indorsed by such Grantor the Company to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and controlaccordance with the terms of this Agreement. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor the Company in trust for the Administrative Agent and the LendersSecured Parties pursuant to this Section 5.2) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.55.3.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor Pledgor consisting of cash, checks and other nearnon-cash items shall be held by such Grantor Pledgor in trust for the Administrative Agent and the Lenders, segregated from other funds of such GrantorPledgor, and shall, forthwith upon receipt by such GrantorPledgor, be turned over to the Administrative Agent in the exact form received by such Grantor Pledgor (duly indorsed by such Grantor Pledgor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 hereunder shall be held by the Administrative Agent in a Collateral Account collateral account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account any such collateral account (or by such Grantor any Pledgor in trust for the 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 7.55.4.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the 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 7.5.

Proceeds to be Turned Over To Administrative Agent. If an Event of Default shall occur have occurred and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lendersother Secured Parties, segregated from other funds of such Grantor, and shall, forthwith promptly upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent under this Section 7.4 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 Grantor in trust for the Administrative Agent and the Lendersother Secured Parties) shall continue to be held as collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.56.6.