Common use of Turnover of Collateral Clause in Contracts

Turnover of Collateral. If any Secured Party (other than the Security Agent) acquires custody, control or possession of any Collateral or Proceeds (other than pursuant to a disposition or distribution thereof to such Secured Party in accordance with the provisions of this Agreement or the other Security Documents), such Secured Party shall promptly cause such Collateral or Proceeds to be delivered to or put in the custody, possession or control of the Security Agent for disposition or distribution in accordance with the provisions of this Agreement and the other Security Documents. Until such time as the provisions of the immediately preceding sentence have been complied with, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the parties entitled thereto hereunder.

Turnover of Collateral. If any a Secured Party (other than the Security Agent) acquires custody, control or possession of any Collateral or Proceeds (therefrom, other than pursuant to a disposition or distribution thereof to such Secured Party in accordance with the provisions terms of this Agreement or the other Security Documents)Agreement, such Secured Party shall promptly cause such Collateral or Proceeds to be delivered to or put in the custody, possession or control of the Security Collateral Agent for disposition or distribution in accordance with the provisions of this Agreement and the other Security DocumentsSection 2 hereof. Until such time as such Secured Party shall have compiled with the provisions of the immediately preceding sentence have been complied withsentence, such Secured Party shall be deemed to hold such Collateral and Proceeds in trust for the parties entitled thereto hereunder.

Turnover of Collateral. If any Secured Party (other than the Security Collateral Agent) acquires custody, control or possession of any Collateral or Proceeds (any proceeds thereof other than pursuant to a disposition or distribution thereof to such Secured Party in accordance with the provisions terms of this Agreement or the other Security Documents)Agreement, such Secured Party shall promptly cause such Collateral or Proceeds the proceeds thereof to be delivered to or put in the custody, possession or control of the Security Collateral Agent for disposition or and distribution in accordance with the provisions of Section 5 of this Agreement and the other Security DocumentsAgreement. Until such time as such Secured Party shall have complied with the provisions of the immediately preceding sentence have been complied withsentence, such Secured Party shall be deemed to hold such Collateral and Proceeds the proceeds thereof in trust for the parties entitled thereto hereunderunder this Agreement.