Common use of Status of Moneys Received Clause in Contracts

Status of Moneys Received. (a) Pending the disbursement thereof pursuant to the terms of this Intercreditor Agreement, all monies received by the Collateral Agent following the enforcement of the liens and security interests granted and provided for in the Pledge Agreement shall be held for the purposes for which they were received, in segregated accounts, and shall, if held by the Collateral Agent for more than one (1) Business Day, be invested by the Collateral Agent in investments permitted by Section 5.3(b) below. The Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with any of the Credit Parties or any affiliated corporation, or the Collateral Agent may act as depository or otherwise in respect to other securities of any of the Credit Parties or any affiliated corporation, all with the same rights which it would have if it was not the Collateral Agent.

Status of Moneys Received. (a) Pending the disbursement thereof pursuant to the terms of Except as otherwise specifically prescribed in this Intercreditor Agreement, all monies moneys received by the Collateral Agent following the enforcement of the liens and security interests granted and provided for in the Pledge Agreement shall shall, until used or applied as herein provided, be held for the purposes for which they were received, in segregated accounts, and shall, if held may be deposited by the Collateral Agent for more than one (1) Business Dayunder such general conditions as may be prescribed by law in the Collateral Agent’s general banking department, be invested by and the Collateral Agent in investments permitted shall be under no liability for interest on any moneys received by Section 5.3(b) belowit hereunder. The Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with any of the Credit Parties or any affiliated corporation, or the Collateral Agent may act as depository or otherwise in respect to other securities of any of the Credit Parties or any affiliated corporation, all with the same rights which it would have if it was not the Collateral Agent.

Status of Moneys Received. (a) Pending the disbursement thereof pursuant to the terms of Except as otherwise specifically prescribed in this Intercreditor Agreement, all monies moneys received by the Collateral Agent following the enforcement of the liens and security interests granted and provided for in the Pledge Agreement shall shall, until used or applied as herein provided, be held for the purposes for which they were received, in segregated accounts, and shall, if held may be deposited by the Collateral Agent for more than one (1) Business Dayunder such general conditions as may be prescribed by law in the Collateral Agent's general banking department, be invested by and the Collateral Agent in investments permitted shall be under no liability for interest on any moneys received by Section 5.3(b) belowit hereunder. The Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with any of the Credit Parties or any affiliated corporation, or the Collateral Agent may act as depository or otherwise in respect to other securities of any of the Credit Parties or any affiliated corporation, all with the same rights which it would have if it was not the Collateral Agent.

Status of Moneys Received. (a) Pending the disbursement thereof pursuant to the terms of this Intercreditor Agreement, all monies received by the Collateral Agent following the occurrence of an Enforcement Event or the enforcement of the liens and security interests granted and provided for in the Pledge Agreement Collateral Documents shall be held for the purposes for which they were received, in segregated accounts, and shall, if held by the Collateral Agent for more than one (1) Business Day, be invested by the Collateral Agent in investments permitted by Section 5.3(b6.3(b) below. The Collateral Agent and any affiliated corporation affiliate may become the owner of any of the Obligations and be interested in any financial transaction with any of the Credit Loan Parties or any affiliated corporationaffiliate, or the Collateral Agent may act as depository or otherwise in respect to other securities of any of the Credit Loan Parties or any affiliated corporationaffiliat, all with the same rights which it would have if it was not the Collateral Agent.