Common use of Qualified Cash Clause in Contracts

Qualified Cash. Borrowers shall deposit all net cash proceeds of Collateral as Qualified Cash in a Qualified Cash Account subject to the right of Borrowers to withdraw such cash proceeds. From and during the continuance of an Event of Default, Lender may exercise all rights under the applicable Control Agreements relating to any Qualified Cash, including the right to deliver applicable control exercise notices to each applicable Bank and securities intermediary and cause all such Qualified Cash to be forwarded immediately to a collection account designated by Lender through daily sweeps (or as otherwise directed by Lender).

Qualified Cash. Borrowers shall deposit all net cash proceeds of Collateral as Qualified Cash in a Qualified Cash Account subject to the right of Borrowers to withdraw such cash proceeds. From and during the continuance of an Event of Default, but subject to Section 5.13 below, Lender may exercise all rights under the applicable Control Agreements relating to any Qualified Cash, including the right to deliver applicable control exercise notices to each applicable Bank bank and securities intermediary and cause all such Qualified Cash to be forwarded immediately to a collection account designated by Lender the Collection Account through daily sweeps (or as otherwise directed by Lender).

Qualified Cash. Borrowers shall deposit all net cash proceeds of Collateral as Qualified Cash in a Qualified Cash Account subject to the right of Borrowers to withdraw such cash proceedsproceeds except during a Qualified Cash Activation Period. From and during the continuance of an Event of DefaultDuring any Qualified Cash Activation Period, Lender Agent may exercise all rights under the applicable Control Agreements control agreements relating to any Qualified Cash, including the right to deliver applicable control exercise notices to each applicable Bank bank and securities intermediary and cause all such Qualified Cash to be forwarded immediately to a collection account designated by Lender the Collection Account through daily sweeps (or as otherwise directed by LenderAgent).