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

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders specified in subsection 5.3 with respect to payments of Accounts, if an Event of Default shall occur and be continuing and subject to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such items, all Proceeds received by the Company consisting of cash, checks and other near-cash items shall be held by the Company in trust for the Trustee and the Noteholders, segregated from other funds of the Company, and shall, forthwith upon receipt by the Company, be turned over to the Trustee in the exact form received by the Company (duly endorsed by the Company to the Trustee, if required) and held by the Trustee in a Collateral Account pursuant to the provisions of the Indenture. All Proceeds while held by the Trustee in the Collateral Account (or by the Company in trust for the Trustee and the Noteholders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3.

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders specified in subsection 5.3 Section V(A) with respect to payments of AccountsReceivables, if an Event of Default shall occur and be continuing and subject to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such itemscontinuing, all Proceeds received by the Company any Grantor consisting of cash, checks and other near-cash similar items shall be held by the Company such Grantor in trust for the Trustee and the NoteholdersTrustee, segregated from other funds of the Companysuch Grantor, and shall, forthwith upon receipt by the Companysuch Grantor, be turned over to the Trustee in the exact form received by the Company such Grantor (duly endorsed indorsed by the Company such Grantor to the Trustee, if required) and ). All Proceeds received by the Trustee hereunder shall be held by the Trustee in a Collateral Account pursuant to the provisions of the Indenturemaintained under its sole dominion and control. All Proceeds while held by the Trustee in the a Collateral Account (or by the Company such Grantor in trust for the Trustee and the NoteholdersTrustee) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3Section V(D).

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders specified in subsection 5.3 with respect to payments of Accounts, if an Event of Default shall occur and be continuing and subject to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such items, all Proceeds received by the Company any Grantor consisting of cash, checks and other near-cash items shall be held by the Company such Grantor in trust for the Trustee and the Noteholders, segregated from other funds of the Companysuch Grantor, and shall, forthwith upon receipt by the Companysuch Grantor, be turned over to the Trustee in the exact form received by the Company such Grantor (duly endorsed by the Company such Grantor to the Trustee, if required) and held by the Trustee in a the Collateral Account pursuant to the provisions of the Indenture. All Proceeds while held by the Trustee in the Collateral Account (or by the Company such Grantor in trust for the Trustee and the Noteholders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3.

Proceeds to be Turned Over To Trustee. In Subject to Section 7.10, in addition to the rights of the Trustee and the Noteholders Holders specified in subsection 5.3 Section 7.7 with respect to payments of AccountsPledged Receivables, if an Event of Default shall occur and be continuing and subject to continuing, following written notice from the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such itemsTrustee, all Proceeds received by the Company any Grantor consisting of cash, checks and other near-cash items shall be held by the Company such Grantor in trust for the Trustee and the NoteholdersHolders, segregated from other funds of the Companysuch Grantor, and shall, forthwith upon receipt by the Companysuch Grantor, be turned over to the Trustee in the exact form received by the Company such Grantor (duly endorsed indorsed by the Company such Grantor to the Trustee, if required) and ). All Proceeds received by the Trustee hereunder shall be held by the Trustee in a Collateral Account pursuant maintained under its sole dominion and control. Subject to the provisions of the Indenture. All Section 7.10, all Proceeds while held by the Trustee in the a Collateral Account (or by the Company such Grantor in trust for the Trustee and the NoteholdersHolders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3Section 7.3.

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders Holders of Outstanding Securities specified in subsection 5.3 this Section 824 with respect to payments of AccountsReceivables, if an a Trigger Event of Default shall occur have occurred and be continuing and subject for so long as such Trigger Event continues to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such itemsexist, all Proceeds proceeds of any Mortgaged Property received by the Company consisting not specifically, or whose treatment is not, set forth in any provision of cash, checks and other near-cash items this Indenture shall be held by the Company in trust for the Trustee and the NoteholdersHolders of Outstanding Securities, segregated from other funds of the Company, and shall, forthwith upon receipt by the Company, be turned over to the Trustee in the exact form received by the Company (duly endorsed indorsed by the Company to the Trustee, if required) and ). All Proceeds of any Mortgaged Property received by the Trustee hereunder shall be held by the Trustee in a Collateral Account pursuant to the provisions of the Indenturecollateral account maintained under its sole dominion and control. All Proceeds proceeds of any Mortgaged Property while held by the Trustee in the Collateral Account a collateral account (or by the Company in trust for the Trustee and the NoteholdersHolders of Outstanding Securities) shall continue to be held as collateral security for all the Obligations Outstanding Securities and shall not constitute payment thereof until applied as provided in subsection 6.3Section 807.

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders Holders specified in subsection 5.3 hereof with respect to payments of Accounts, if an Event of Default shall occur and be continuing and subject to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such itemscontinuing, all Proceeds received by the Company consisting of cash, checks and other near-cash items shall be held by the Company in trust for the Trustee and the NoteholdersHolders, segregated from other funds of the Company, and shall, forthwith upon receipt by the Company, be turned over to the Trustee in the exact form received by the Company (duly endorsed indorsed by the Company to the Trustee, if required) and held by the Trustee in a Collateral Account pursuant to maintained under the provisions sole dominion and control of the IndentureTrustee. All Proceeds while held by the Trustee in the a Collateral Account (or by the Company in trust for the Trustee and the NoteholdersHolders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3hereof.

Proceeds to be Turned Over To Trustee. In addition to the rights of the Trustee and the Noteholders Secured Parties specified in subsection 5.3 Section 6.01 with respect to payments of AccountsReceivables, subject to the Intercreditor Agreement, if an Event of Default shall occur and be continuing and subject to the provisions of the Intercreditor Agreement, upon the written request of the Trustee to turn over such itemscontinuing, all Proceeds received by the Company any Grantor consisting of cash, checks and other near-cash items shall be held by the Company such Grantor in trust for the Trustee and the NoteholdersHolders, segregated from other funds of the Companysuch Grantor, and shall, forthwith upon receipt by the Companysuch Grantor, be turned over to the Trustee in the exact form received by the Company such Grantor (duly endorsed indorsed by the Company such Grantor to the Trustee, if required) and ). All such Proceeds received by the Trustee hereunder shall be held by the Trustee in a Collateral Account pursuant to the provisions of the Indenturemaintained under its sole dominion and control. All such Proceeds while held by the Trustee in the a Collateral Account (or by the Company such Grantor in trust for the Trustee and the NoteholdersHolders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in subsection 6.3Section 6.05.