Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment Property, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and cash equivalents shall be held by such Grantor in trust for the Secured Party, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Secured Party in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party) 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 5.5.
Proceeds to be Turned Over To Secured Party. Any Proceeds while held by the Secured Party (or by such Grantor in trust for the Secured Party) shall be held as collateral security for the obligations under the Intercompany Secured Loan Agreement and shall not constitute payment thereof until applied as provided in the Intercompany Secured Loan Agreement.
Proceeds to be Turned Over To Secured Party. Except as otherwise expressly provided in the Credit Agreement, all Proceeds received by the Secured Party hereunder in cash or cash equivalents shall be held by the Secured Party in as cash collateral. All Proceeds while held by the Secured Party as such cash collateral (or by Grantor in trust for the Secured Party) 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 Secured Party. If an Event of Default shall occur and be continuing, all Proceeds received by Pledgor consisting of cash, cash equivalents, checks and other near-cash items shall be held by Pledgor in trust for Secured Party, segregated from other funds of Pledgor, and shall, forthwith upon receipt by such Pledgor, be turned over to Secured Party in the exact form received by Pledgor (duly endorsed by Pledgor to Secured Party, if required). All Proceeds received by Secured Party hereunder shall be held by Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by Secured Party in a Collateral Account (or by Pledgor in trust for Secured Party) 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 5.2.
Proceeds to be Turned Over To Secured Party. Before or after an Event of Default, all Proceeds received by the Pledgor consisting of cash, checks and other cash equivalents shall be held by the Pledgor in trust for the Secured Party, segregated from other funds of the Pledgor, and shall, forthwith upon receipt by the Pledgor, be turned over to the Secured Party in the exact form received by the Pledgor (duly indorsed by the Pledgor to the Secured Party, if required) and held by the Secured Party in a Collateral Account maintained under the sole dominion and control of the Secured Party, provided that any proceeds received by the Pledgor that should have been deposited in the account maintained by the RSR Trustee shall be paid over to the RSR Trustee for deposit into such account to be held in accordance with the terms of the Trust Agreement. All Proceeds while held by the Secured Party in a Collateral Account (or by the Pledgor in trust for the Secured Party) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in. subsection 8(b).
Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party and the other Holders specified in SECTION 5.1 with respect to payments of Receivables and SECTION 5.3 with respect to payments in respect of Investment Property, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and cash equivalents shall be held by such Grantor in trust for the Secured Party and the other Holders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Secured Party (or, if required by the Intercreditor Agreement, to the First Lien Agent, as bailee and agent for perfection for the Secured Party under the Intercreditor Agreement) in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, or to the First Lien Agent, as applicable, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party and the other Holders) shall continue to be held as collateral security for all the obligations and shall not constitute payment thereof until applied as provided in SECTION 5.5.
Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 6.01, 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 Secured Party, segregated from other funds of such Grantor, and shall, immediately upon receipt by such Grantor, be turned over to the Secured Party in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account and shall not constitute payment thereof until applied as provided in Section 6.05(b).
Proceeds to be Turned Over To Secured Party. In addition to the rights of Secured Party specified in Section 8, all Proceeds received by Debtor consisting of cash, checks and other near-cash items shall be held by Debtor in trust for the First Priority Holder and Secured Party, segregated from other funds of Debtor, and shall, as soon as possible (but in any event within five Business Days) following receipt by Debtor, be turned over to the First Priority Holder and Secured Party in the exact form received by Debtor (duly indorsed by Debtor to the First Priority Holder or Secured Party, if required). All Proceeds received by the First Priority Holder or Secured Party hereunder shall be held by the First Priority Holder and Secured Party in a collateral account maintained under its sole dominion and control. All Proceeds while held by the First Priority Holder or Secured Party in a collateral account (or by Debtor in trust for the First Priority Holder and Secured Party) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in the Note.
Proceeds to be Turned Over To Secured Party. Except as otherwise expressly provided in the Credit Agreement, all Proceeds received by the Secured Party hereunder in cash or cash equivalents shall be held by the Secured Party in as cash collateral for the Secured Obligations. All Proceeds while held by the Secured Party as such cash collateral (or by Grantor in trust for the Secured Party) 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. (g) Intellectual Property License. Grantor hereby grants to the Secured Party, subject to the terms of the Delano Management Agreement or any other applicable license agreement, a license or other right while an Event of Default exists to use, without liability for royalties or any other charge, Grantor’s labels, Patents, Copyrights, rights of use of any name, trade secrets, and all other Intellectual Property, whether owned by Grantor or with respect to which Grantor has rights under license, sublicense, or other agreements, as it pertains to collateral, in preparing for sale, advertising for sale and selling any Collateral, and Grantor’s rights under all licenses and all franchise agreements shall insure to the benefit of the Secured Party.
Proceeds to be Turned Over To Secured Party. If a Default shall occur and be continuing, all Proceeds constituting Collateral received by the Debtor consisting of cash, checks and other near-cash items shall be held by the Debtor in trust for the Secured Party segregated from other funds of the Debtor, and shall, immediately upon receipt by the Debtor, be turned over to the Secured Party in the exact form received by the Debtor (duly indorsed by the Debtor to the Secured Party, if required). At the Secured Party's request, the Debtor shall deliver to the Secured Party all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Collateral, including, without limitation, all original orders, invoices and shipping receipts.
