Proceeds to be Turned Over To Lender. In addition to the rights of the Lender specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Lender, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Lender in the exact form received by such Grantor (duly indorsed by such Grantor to the Lender, if required). All Proceeds received by the Lender hereunder shall be held by the Lender in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Lender in a Collateral Account (or by such Grantor in trust for the Lender) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.
Proceeds to be Turned Over To Lender. In addition to the rights of Lender specified in Section 8.3 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Loan Party consisting of cash, checks and other cash equivalent items shall be held by such Loan Party in trust for Lender, segregated from other funds of such Loan Party, and shall, forthwith upon receipt by such Loan Party, be turned over to Lender in the exact form received by such Loan Party (duly indorsed by such Loan Party to Lender, if required). All Proceeds received by Lender hereunder shall be held by Lender in a collateral account maintained under its sole dominion and control. All Proceeds, while held by Lender in any collateral account (or by such Loan Party in trust for Lender) established pursuant hereto, shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 8.7.
Proceeds to be Turned Over To Lender. In addition to the rights of the the Lender specified in Section 4.3(a) with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Borrower consisting of cash, cash equivalents, checks and other near-cash items shall be held by such Borrower in trust for the Lender, segregated from other funds of such Borrower or in a Deposit Account over which the Lender has “control” (within the meaning of Section 9-104 of the UCC), and shall, forthwith upon receipt by such Borrower, be turned over to the Lender in the exact form received by such Borrower (duly endorsed by such Borrower to the Lender, if required). All Proceeds received by the Lender hereunder shall be held by the Lender in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Lender in a Collateral Account (or by such Borrower in trust for the Secured Parties) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 4.3(f).
Proceeds to be Turned Over To Lender. All Proceeds received by Lender hereunder during the continuance of an Event of Default shall be held by Lender in a Cash Collateral Account. All Proceeds while held by Lender in a Cash Collateral Account (or by the Grantor in trust for Lender) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until applied to the payment of the Secured Obligations.
Proceeds to be Turned Over To Lender. Unless otherwise expressly provided in the Note, all Proceeds received by the Lender hereunder in cash or Cash Equivalents shall be held by the Lender in a Cash Collateral Account. All Proceeds while held by the Lender in a Cash Collateral Account (or by the Borrower in trust for the Lender) shall continue to be held as collateral security for the Borrower’s obligations under this Agreement and the Note and shall not constitute payment thereof until applied.
Proceeds to be Turned Over To Lender. (A) Whether or not any Event of Default shall occur and/or be continuing, any and all cash dividends, distributions or other Net Cash Proceeds received by any Borrower and/or any relevant Grantor in respect of any Investment Property (including, without limitation, any MAS Stock) and (B) if any Event of Default shall occur and/or be continuing, all other proceeds received by any Borrower and/or any relevant Grantor consisting of cash, checks and other near-cash items shall be held by such Borrower or such other Grantor in trust for Lender, segregated from other funds of such Borrower or such other Grantor, and shall, forthwith upon receipt by such Borrower or such other Grantor, be turned over to Lender in the exact form received by such Borrower or such other Grantor (duly indorsed by each Borrower or such other Grantor to Lender, if required). All proceeds received by Lender hereunder shall be held by Lender in a Collateral Account maintained under its sole dominion and control. All proceeds while held by Lender in a Collateral Account (or by a Borrower or such other Grantor in trust for IBM Credit) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 2.7.
Proceeds to be Turned Over To Lender. If an Event of Default occurs and is continuing, all Proceeds received by any Guarantor consisting of cash, checks and other cash equivalent items must be held by the Guarantor in trust for Lender, segregated from other funds of the Guarantor, and must, upon the written request of Lender, forthwith upon receipt by the Guarantor, be promptly turned over to Lender in the exact form received by the Guarantor (duly indorsed by the Guarantor to Lender, if required).
Proceeds to be Turned Over To Lender. If an Event of Default shall 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 Lender, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to Lender in the exact form received by such Grantor (duly indorsed by such Grantor to Lender, if required). All Proceeds while held by Lender (or by such Grantor in trust for Lender) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 5.4.
Proceeds to be Turned Over To Lender. In addition to the rights of Lender specified herein, if an Event of Default shall occur and be continuing, all Proceeds of Collateral received by any Loan Party consisting of cash, checks and other cash equivalent items shall be held by such Loan Party in trust for the benefit of Lender, segregated from other funds of such Loan Party, and shall, promptly upon receipt by such Loan Party, be turned over to Lender in substantially the same form received by such Loan Party (duly indorsed by such Loan Party to Lender, if required). All Proceeds received by Lxxxxx hereunder shall be applied to the Obligations as provided in Section 8.05. [Signature pages follow.]
Proceeds to be Turned Over To Lender. In addition to the rights of Lender specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all such Proceeds of Collateral received by or on behalf of any Grantor consisting of cash, checks and other cash equivalent items shall be held by such Grantor in trust for Lender, segregated from other funds of such Grantor, and shall, at the written request of Lender and subject to the Intercreditor Agreement, forthwith upon receipt by such Grantor, be turned over to Lender in the exact form received by such Grantor (duly indorsed (but without any representation or warranty) by such Grantor to Lender, if required). All Proceeds received by Lender hereunder shall be applied to the Secured Obligations as provided in Section 6.5.
