Common use of Proceeds to be Turned Over To Collateral Trustee Clause in Contracts

Proceeds to be Turned Over To Collateral Trustee. All Proceeds ------------------------------------------------ received by the Collateral Trustee hereunder shall be held by the Collateral Trustee in a Cash Collateral Account. All Proceeds while held by the Collateral Trustee in a Cash Collateral Account (or by such Grantor in trust for the Collateral Trustee) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Collateral Trust Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

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Proceeds to be Turned Over To Collateral Trustee. All ------------------------------------------------ Proceeds ------------------------------------------------ received by the Collateral Trustee hereunder shall be held by the Collateral Trustee in a Cash Collateral Account. All Proceeds while held by the Collateral Trustee in a Cash Collateral Account (or by such the Grantor in trust for the Collateral Trustee) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Collateral Trust Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

Proceeds to be Turned Over To Collateral Trustee. All Unless otherwise expressly provided herein or in the Indenture, and subject to the Intercreditor Agreement, all Proceeds ------------------------------------------------ received by the Collateral Trustee hereunder in cash or Cash Equivalents shall be held by the Collateral Trustee in a Cash Collateral Account. All Proceeds while held by the Collateral Trustee in a Cash Collateral Account (or by such Grantor in trust for the Collateral Trustee) and shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Collateral Trust AgreementIndenture.

Appears in 1 contract

Samples: Pledge and Security Agreement (Warnaco Group Inc /De/)

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Proceeds to be Turned Over To Collateral Trustee. All Proceeds ------------------------------------------------ received by the Collateral Trustee hereunder shall be held by the Collateral Trustee in a Cash Collateral Account. All Proceeds while held by the Collateral Trustee in a Cash Collateral Account (or by such the Grantor in trust for the Collateral Trustee) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in the Collateral Trust Agreement.

Appears in 1 contract

Samples: Indenture (Finova Group Inc)

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