Proceeds to be Turned Over To Administrative Agent. All Proceeds received by the Administrative Agent hereunder 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 (Aviall Inc), Credit Agreement (National Steel Corp), Pledge and Security Agreement (Hayes Lemmerz International Inc)
Proceeds to be Turned Over To Administrative Agent. All Proceeds received by the Administrative Agent hereunder 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), Pledge and Security Agreement (Paragon Trade Brands Inc), Security Agreement (Merisant Foreign Holdings I Inc)
Proceeds to be Turned Over To Administrative Agent. All Unless otherwise expressly provided in the 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.), Pledge and Security Agreement (Collective Brands, Inc.)
Proceeds to be Turned Over To Administrative Agent. All 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. All Proceeds received by the Administrative Agent hereunder 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: Annexes and Schedules (Foamex L P), Foamex L P
Proceeds to be Turned Over To Administrative Agent. All Proceeds received by the Administrative Agent hereunder 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. All Unless otherwise expressly provided in the Credit Agreement, all Proceeds received by the Administrative Agent hereunder 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. All Proceeds received by the Administrative Agent hereunder 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. All Proceeds received by the Administrative Agent hereunder 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)
