Common use of Proceeds to be Turned over to and Held by Lender Clause in Contracts

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Agreement or this Agreement during the continuation of an Event of Default under Sections 6.1(e), (f) or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit Agreement, all proceeds of any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for the Lender, segregated from other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to the Lender in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, be held by the Lender in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor in trust for the Lender) 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.

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Agreement Note or this Agreement during the continuation of an Event of Default under Sections 6.1(e), (f) or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit Agreement, all proceeds of any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for the Lender, segregated from other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to the Lender in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, shall be held by the Lender in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor in trust for the Lender) 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 AgreementNote.

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Loan Agreement or this Agreement Agreement, during the continuation continuance of an Event of Default under Sections 6.1(e), (f) or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit AgreementDefault, all proceeds of any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for Lender and the Lenderother Secured Parties, segregated from other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to the Lender in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, shall be held by the Lender in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor in trust for the Lender) 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.

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Loan Agreement or this Agreement Agreement, during the continuation continuance of an Event of Default under Sections 6.1(e)and, (f) upon written notice by Lender to the relevant Grantor or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit AgreementGrantors, all proceeds of any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for Lender and the Lenderother Secured Parties, segregated from other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to Lender for the Lender benefit of itself and the other Secured Parties in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, shall be held by Lender for the Lender benefit of itself and the other Secured Parties in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor in trust for Lender and the Lenderother Secured Parties) 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.

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Loan Agreement or this Agreement during the continuation of an Event of Default under Sections 6.1(e), (f) or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit Agreement, all proceeds of any Collateral received by any Grantor the Borrower hereunder in Dollars, certificates of deposit, bankers’ acceptances, time and demand deposits and other similar cash or Cash Equivalents equivalents shall be held by such Grantor the Borrower in trust for the LenderLender and the other Secured Parties, segregated from other funds of such Grantorthe Borrower, and shall, promptly upon receipt by any Grantorthe Borrower, be turned over to the Lender in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, be held by the Lender in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor the Borrower in trust for the Lender) 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.

Proceeds to be Turned over to and Held by Lender. Unless otherwise expressly provided in the Credit Agreement Note or this Agreement Agreement, upon written notice from Lender at any time after the occurrence and during the continuation of an Event of Default under Sections 6.1(e), (f) or (g) of the Credit Agreement, or upon acceleration of the Loans under the Credit AgreementDefault, all proceeds of any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for the Lender, segregated from other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to the Lender in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by the Lender in cash or Cash Equivalents shall, if required by Lender, shall be held by the Lender in a Cash Collateral Account. All proceeds being held by the Lender in a Cash Collateral Account (or by such Grantor in trust for the Lender) 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 AgreementNote.