Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 8 contracts
Samples: Restatement Agreement (Delphi Automotive PLC), Credit Agreement (Marquee Holdings Inc.), Pledge and Security Agreement (Amc Entertainment Inc)
Proceeds to be Turned Over To Administrative Agent. Unless Upon the occurrence and during the continuance of an Event of Default, unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 3 contracts
Samples: Pledge and Security Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc), Pledge and Security Agreement (J Crew Group Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 3 contracts
Samples: Credit Agreement (National Steel Corp), Pledge and Security Agreement (Hayes Lemmerz International Inc), Pledge and Security Agreement (Aviall Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral AccountAccount maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 3 contracts
Samples: Security Agreement (Merisant Co), Security Agreement (Merisant Foreign Holdings I Inc), Pledge and Security Agreement (Paragon Trade Brands Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents during the continuance of an Event of Default shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Dominion Homes Inc), Security Agreement (Dominion Homes Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Amc Entertainment Inc), Pledge and Security Agreement (Us Concrete Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Loan Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Management Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Management Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Loan Agreement or in the Intercreditor Agreement.
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Collective Brands, Inc.), Term Loan Agreement (Collective Brands, Inc.)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement or Intercreditor Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (WCI Steel, Inc.), Pledge and Security Agreement (WCI Steel, Inc.)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Accountany deposit account as the Administrative Agent shall reasonably deem necessary to establish. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement and in accordance with the Senior Lenders Intercreditor Agreement.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Foamex L P), Pledge and Security Agreement (Foamex L P)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Accountany deposit account as the Administrative Agent shall reasonably deem necessary to establish. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit AgreementAgreement and in accordance with the Intercreditor Agreements.
Appears in 1 contract
Samples: Pledge and Security Agreement (Foamex International Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all All Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement and Collateral Sharing Agreement.
Appears in 1 contract
Samples: Pledge and Security Agreement (Hli Operating Co Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents under this Article V shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 1 contract
Samples: Pledge and Security Agreement (Johnsondiversey Holdings Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents shall be held by the Administrative Agent in a Cash Collateral AccountAccount and applied to the Obligations in accordance with the Credit Agreement. All Proceeds while that are held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit Agreement.
Appears in 1 contract
Samples: Pledge and Security Agreement (Constar International Inc)
Proceeds to be Turned Over To Administrative Agent. Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder in cash or Cash Equivalents Eligible Securities during the continuance of an Event of Default shall be held by the Administrative Agent in a Cash Collateral Account. All Proceeds while held by the Administrative Agent in a Cash Collateral Account (or by such Grantor in trust for the Administrative Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Credit AgreementAgreement or payment in full of the obligations.
Appears in 1 contract
