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

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default exists, all Proceeds received by any Grantor consisting of cash, checks, Cash Equivalents and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the other 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 required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the other 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 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties Lenders specified in Section 6.1 5.3 with respect to payments of Receivables, if an Event of Default exists, shall occur and be continuing all Proceeds received by any Grantor the Borrower consisting of cash, checks, Cash Equivalents checks and other near-cash items shall be held by such Grantor the Borrower in trust for the Administrative Agent and the other Secured PartiesLenders, segregated from other funds of such Grantorthe Borrower, and shall, if required by the Administrative Agent, 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 by such Grantor the Borrower to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be ) and held by the Administrative Agent in a Collateral Account over which it maintains control, within maintained under the meaning sole dominion and control of the UCCAdministrative Agent. 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 other Secured PartiesLenders) 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 6.56.3.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties Lenders specified in Section 6.1 9.4 with respect to payments of Receivables, if an Event of Default existsshall occur and be continuing, at the request of the Required Lenders and by notice to the Company, all Proceeds received by any Grantor the Company consisting of cash, checks, Cash Equivalents checks and other near-cash equivalent items shall be held by such Grantor the Company in trust for the Administrative Agent and the other Secured PartiesLenders, 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 hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains collateral account maintained under its sole dominion and control, within the meaning of the UCC. All Proceeds Proceeds, while held by the Administrative Agent in a Collateral Account any collateral account (or by such Grantor the Company in trust for the Administrative Agent and the other Secured PartiesLenders) established pursuant hereto, 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 6.514.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 ‎6.1 with respect to payments of Receivables, if an Event of Default existsshall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks, Cash Equivalents checks and other near-cash items with respect to Receivables constituting Collateral shall be held by such Grantor in trust for the Administrative Agent and the other 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 required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains maintained under its sole dominion and control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the other 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 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default existsshall have occurred and be continuing, upon written notice from the Administrative Agent, all Proceeds received by any Grantor consisting of cash, checks, Cash Equivalents checks and other near-cash items Instruments shall be held by such Grantor in trust for the Administrative Agent and the other 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 Grantor, as applicable (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains maintained under its sole dominion and control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the other Secured Parties) shall continue to be held as collateral security for all of the Secured related Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default existsshall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks, Cash Equivalents and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the other 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 required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the other 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 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default existsshall occur and be continuing, all Proceeds received by any Grantor Borrower consisting of cash, checks, Cash Equivalents checks and other near-cash items Instruments shall be held by such Grantor Borrower in trust for the Administrative Agent and the other Secured Parties, segregated from other funds of such GrantorBorrower, and shall, forthwith upon receipt by such GrantorBorrower, unless deposited in its Collection Account, be turned over to the Administrative Agent in the exact form received by such Grantor Borrower (duly indorsed by such Grantor Borrower to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains maintained under its sole dominion and control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor a Borrower in trust for the Administrative Agent and the other 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 6.5.

Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the Administrative Agent and the other Secured Parties Lenders specified in Section 6.1 with respect to payments of Receivables, if an Event of Default existsshall occur and be continuing and the Loans shall have been accelerated pursuant to Section 8 of the Credit Agreement, all Proceeds received by any Grantor consisting of cash, checks, Cash Equivalents checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the other Secured PartiesLenders, 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 hereunder shall be held by the Administrative Agent in a Collateral Account over which it maintains maintained under its sole dominion and control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the other Secured PartiesLenders) 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 6.5.