Common use of Collection of Accounts and Proceeds of Collateral Clause in Contracts

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers shall endeavor in the first instance to make collection of Borrowers’ Accounts for Agent and Lenders. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s benefit and shall immediately deposit same in kind in the Dominion Account. Agent retains the right at all times after the occurrence of an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers Borrower shall endeavor in the first instance to make collection of Borrowers’ Borrower's Accounts for Agent and LendersLender. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s Lender's benefit and Borrower shall immediately deposit same in kind in the Dominion Account. Agent Lender retains the right at all times after the occurrence of a Default or an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent Lender and to collect Accounts directly in its own name and to charge to Borrowers Borrower the collection costs and expenses, incurred by Agent or LendersLender, including reasonable attorneys’ ' fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers shall endeavor in the first instance to make collection of Borrowers’ Accounts for Agent and LendersAccounts. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s benefit and such Borrower shall immediately deposit same in kind in the a Dominion Account. Agent retains the right at all times after during the occurrence continuance of a Default or an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers Borrower shall endeavor in the first instance to make collection of Borrowers’ Borrower's Accounts for Agent and Lenders. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s 's benefit and Borrower shall immediately promptly and diligently deposit same in kind in the Dominion Account. Agent retains the right at all times after the occurrence of a Default or an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers Borrower the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ ' fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers Borrower shall endeavor in the first instance to make collection of Borrowers’ Borrower's Accounts for Agent and Lenders. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s 's benefit and shall immediately deposit same in kind in the Dominion Account. Agent retains the right at all times after the occurrence of a Default or an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers Borrower the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ ' fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers shall endeavor in the first instance to make collection of Borrowers’ Accounts for Agent and Lenders. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s benefit and shall immediately deposit same in kind in into the Dominion Account. Agent retains the right at all times after the occurrence of that a Default or an Event of Default exists to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers shall endeavor in the first instance to make collection of Borrowers’ ' Accounts for Agent and LendersLender. All Payment Items received by any either Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower Borrowers as trustee of an express trust for Agent’s Lender's benefit and Borrowers shall immediately deposit same in kind in the Dominion Account. Agent Lender retains the right at all times after the occurrence of a Default or an Event of Default to notify Account Debtors of each Borrower Borrowers that Accounts have been assigned to Agent Lender and to collect Accounts directly in its own name and to charge to Borrowers the collection costs and expenses, incurred by Agent or LendersLender, including reasonable attorneys’ ' fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers Borrower shall endeavor in the first instance to make collection of Borrowers’ Borrower’s Accounts for Agent and LendersLender. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for AgentLender’s benefit and Borrower shall immediately deposit same in kind in the Dominion Payment Account. Agent Lender retains the right at all times after the occurrence of a Default or an Event of Default to notify Account Debtors of each Borrower that Accounts have been assigned to Agent Lender and to collect Accounts directly in its own name and to charge to Borrowers Borrower the collection costs and expenses, incurred by Agent or LendersLender, including reasonable attorneys’ fees.

Collection of Accounts and Proceeds of Collateral. To expedite collection, Borrowers Borrower shall endeavor in the first instance to make collection of Borrowers’ Borrower's Accounts for Agent and Lenders. All Payment Items received by any Borrower in respect of its Accounts, together with the proceeds of any other Collateral, shall be held by such Borrower as trustee of an express trust for Agent’s 's benefit and Borrower shall immediately deposit same in kind in the Dominion Account. Agent retains the right at all times after the occurrence of when a Default or an Event of Default exists to notify Account Debtors of each Borrower that Accounts have been assigned to Agent and to collect Accounts directly in its own name and to charge to Borrowers Borrower the collection costs and expenses, incurred by Agent or Lenders, including reasonable attorneys’ ' fees.