Common use of Right to Receive Distributions on Collateral Clause in Contracts

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, shall have the right to receive and, during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any Grantor shall be received in trust for the benefit of the Secured Parties and, if the Collateral Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Grantor and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor any such Collateral retained by it during the continuance of a Default.

Right to Receive Distributions on Collateral. The At any time when an Event of Default shall have occurred and be continuing, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, and to retain as Collateral hereunder all dividends, interest dividends and other payments and distributions made upon or with respect to the Collateral and each Grantor the Pledgor shall take all such action as may be necessary or as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest dividends and other payments and distributions which are received by the Pledgor at any Grantor time when an Event of Default shall have occurred and be continuing shall be received in trust for the benefit of the Secured Parties Collateral Agent and, if the Collateral Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Grantor the Pledgor and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults Events of Default have been cured, the Collateral Agent's right to retain dividends, interest dividends and other payments and distributions under this Section 7 8 shall cease and the Collateral Agent shall pay over to each Grantor the Pledgor any such Collateral retained by it during the continuance of a an Event of Default.

Right to Receive Distributions on Collateral. The During the continuance of an Event of Default, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, and to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Lien Grantor shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any such Lien Grantor during the continuance of an Event of Default shall be received in trust for the benefit of the Collateral Agent and the Secured Parties and, if the Collateral Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Lien Grantor and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults Events of Default have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each such Lien Grantor any such Collateral retained by it during the continuance of a an Event of Default.

Right to Receive Distributions on Collateral. The During the continuance of an Event of Default, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, and to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor the Borrower shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any Grantor the Borrower during the continuance of an Event of Default shall be received in trust for the benefit of the Collateral Agent and the Secured Parties and, if the Collateral Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Grantor the Borrower and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults Events of Default have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor the Borrower any such Collateral retained by it during the continuance of a an Event of Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest dividends and other payments and distributions made upon or with respect to the Collateral and each Grantor the Borrower shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest dividends and other payments and distributions which are received by any Grantor the Borrower shall be received in trust for the benefit of the Secured Parties Collateral Agent, the Administrative Agent and the Lenders and, if the Collateral Agent so directs during the continuance of an Event of a Default, shall be segregated from other funds of such Grantor the Borrower and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of a Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults have been cured, the Collateral Agent's ’s right to retain dividends, interest and other payments and distributions under this Section ‎Section 7 shall cease and the Collateral Agent shall pay over to each Grantor the Borrower any such Collateral retained by it during the continuance of a Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, upon the occurrence and during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor HIG shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right; provided that until the Agent exercises the remedies of sale or foreclosure afforded under Section 10 hereof, the Agent shall have no right to receive or retain, and HIG shall have the right to receive and retain, any distributions made to HIG in accordance with Section 8.04(iii) of the Credit Agreement ("Exempt Proceeds"). All such dividends, interest and other payments and distributions (other than Exempt Proceeds) which 5 181 are received by any Grantor HIG shall be received in trust for the benefit of the Agent and the Secured Parties and, if the Collateral Agent so directs upon the occurrence and during the continuance of an Event of a Default, shall be segregated from other funds of such Grantor HIG and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of a Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults that shall have occurred have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor HIG any such Collateral retained by it the Agent during the continuance of a Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor Pledgor shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any Grantor such Pledgor shall be received in trust for the benefit of the Secured Parties Collateral Agent, the Banks and NML and, if the Collateral Agent so directs during the continuance of an Event of a Default, shall be segregated from other funds of such Grantor Pledgor and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of a Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor such Pledgor any such Collateral retained by it during the continuance of a Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor Pledgor shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any Grantor such Pledgor shall be received in trust for the benefit of the Collateral Agent, the Secured Parties and, if the Collateral Agent so directs during the continuance of an Event of a Default, shall be segregated from other funds of such Grantor Pledgor and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of a Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor such Pledgor any such Collateral retained by it during the continuance of a Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive andright, but only during the continuance of any Event of Default, to receive and retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor the Borrower shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right. All such dividends, interest and other payments and distributions which are received by any Grantor the Borrower shall be received in trust for the benefit of the Secured Parties and, if the Collateral Agent so directs during the continuance of an Event of Default, shall be segregated from other funds of such Grantor the Borrower and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults Events of Default have been cured, the Collateral Agent's right to receive and retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor the Borrower any such Collateral retained by it during the continuance of a an Event of Default.

Right to Receive Distributions on Collateral. The Collateral Agent, for the benefit of the Secured Parties, Agent shall have the right to receive and, upon the occurrence and during the continuance of any Event of Default, to retain as Collateral hereunder all dividends, interest and other payments and distributions made upon or with respect to the Collateral and each Grantor HIG shall take all such action as the Collateral Agent may deem necessary or appropriate to give effect to such right; provided that until the Agent exercises the remedies of sale or foreclosure afforded under Section 10 hereof, the Agent shall have no right to receive or retain, and HIG shall have the right to receive and retain, any distributions made to HIG in accordance with Section 8.04(iii) of the Credit Agreement ("Exempt Proceeds"). All such dividends, interest and other payments and distributions (other than Exempt Proceeds) which 5 195 are received by any Grantor HIG shall be received in trust for the benefit of the Agent and the Secured Parties and, if the Collateral Agent so directs upon the occurrence and during the continuance of an Event of a Default, shall be segregated from other funds of such Grantor HIG and shall, forthwith upon demand by the Collateral Agent during the continuance of an Event of a Default, be paid over to the Collateral Agent as Collateral in the same form as received (with any necessary endorsement). After all Defaults that shall have occurred have been cured, the Collateral Agent's right to retain dividends, interest and other payments and distributions under this Section 7 shall cease and the Collateral Agent shall pay over to each Grantor HIG any such Collateral retained by it the Agent during the continuance of a Default.