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.
Appears in 4 contracts
Samples: Security Agreement (Springleaf Finance Inc), Security Agreement (Springleaf Finance Corp), Credit Agreement (American General Finance Corp)
