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 Holdings consisting of cash, checks and other near-cash items shall be held by Holdings in trust for the Agents and the Lenders, segregated from other funds of Holdings, and shall, forthwith upon receipt by Holdings, be turned over to the Administrative Agent in the exact form received by Holdings (duly endorsed by Holdings to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a deposit account (a "Collateral Account") maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by 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 subsection 5.3.

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

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 Holdings the Company consisting of cash, checks and other near-cash items shall be held by Holdings the Company in trust for the Agents Administrative Agent and the LendersBanks, segregated from other funds of Holdingsthe Company, and shall, forthwith upon receipt by Holdingsthe Company, be turned over to the Administrative Agent in the exact form received by Holdings the Company (duly endorsed indorsed by Holdings the Company to the Administrative Agent, if required). All Proceeds received by the Administrative Agent 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 Holdings 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 subsection Section 5.3.

Proceeds to be Turned Over To Administrative Agent. If In addition to the rights of the Agents and the Lenders specified in subsection 5.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by Holdings consisting of cash, checks and other near-cash items shall be held by Holdings in trust for the Agents and the Lenders, segregated from other funds of Holdings, and shall, forthwith upon receipt by Holdings, be turned over to the Administrative Agent in the exact form received by Holdings (duly endorsed indorsed by Holdings to the Administrative Agent, if required). All Proceeds received by the Administrative Agent 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 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 subsection 5.35.5.