Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned over, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit of Proceeds of Accounts and payments in respect of General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.
Appears in 3 contracts
Samples: Credit Agreement (Marquee Holdings Inc.), Pledge and Security Agreement (Alaris Medical Systems Inc), Pledge and Security Agreement (Amkor Technology Inc)
Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned over, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit of Proceeds of Accounts and payments in respect of General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Johnson Polymer Inc), Pledge and Security Agreement (Hli Operating Co Inc), Pledge and Security Agreement (Johnsondiversey Holdings Inc)
Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned over, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit Such deposits of Proceeds of Accounts and payments in respect of General Intangibles shall shall, at the request of the Administrative Agent after the occurrence and during the continuation of an Event of Default, be accompanied summarized by a report identifying in reasonable detail the nature and source of the payments included in the depositsuch deposits.
Appears in 3 contracts
Samples: Credit Agreement (J Crew Group Inc), Pledge and Security Agreement (J Crew Group Inc), Pledge and Security Agreement (J Crew Group Inc)
Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned over, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit of Proceeds of Accounts and payments in respect of General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.
Appears in 1 contract
Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned over, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit of Proceeds of Accounts and payments in respect of General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.
Appears in 1 contract
Samples: Pledge and Security Agreement (Constar International Inc)
Proceeds to be Turned Over To Administrative Agent. Until so turned over or turned overdeposited, such payment shall be held by such Grantor in trust for the Administrative Agent, segregated from other funds of such Grantor. Each such deposit of Proceeds of Accounts and payments in respect of General Intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.
Appears in 1 contract
