Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of Agent, shall be segregated from other funds of such Grantor and forthwith shall be paid over to Agent as Collateral in the same form as so received (with any necessary endorsements).
Appears in 3 contracts
Samples: Security Agreement (New Athletics, Inc.), Security Agreement (Columbia Capital LLC), Security Agreement (DSL Net Inc)
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a10(a) of this Agreement shall be received in trust for the benefit of the Agent, shall be segregated from other funds of such Grantor and forthwith shall be paid over to the Agent as Collateral in the same form as so received (with any necessary endorsements).
Appears in 3 contracts
Samples: Agency, Guaranty and Security Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc)
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of AgentLender, shall be segregated from other funds of such Grantor and forthwith shall be paid over to Agent Lender as Collateral in the same form as so received (with any necessary endorsements).
Appears in 2 contracts
Samples: Loan Agreement (Palm Inc), Security Agreement (Chadmoore Wireless Group Inc)
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section SECTION 6(a) of this Agreement shall be received in trust for the benefit of Agent, shall be segregated from other funds of such Grantor and forthwith shall be paid over to Agent as Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Security Agreement (Vantagepoint Venture Partners 1996)
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of Administrative Agent, shall be segregated from other funds of such Grantor Grantor, and forthwith shall be paid over to Administrative Agent as pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of AgentBank, shall be segregated from other funds of such Grantor and forthwith shall be paid over to Agent Bank as Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of the Collateral Agent, shall be segregated from other funds of such Grantor and forthwith shall be paid over to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Dividends and Distributions Held in Trust. All dividends and other distributions which are received by any Grantor contrary to the provisions of Section 6(a) of this Agreement shall be received in trust for the benefit of Collateral Agent, shall be segregated from other funds of such Grantor Grantor, and forthwith shall be paid over to Collateral Agent as pledged Collateral in the same form as so received (with any necessary endorsements).
Appears in 1 contract
Samples: Second Lien Notes Security Agreement (Hard Rock Hotel Inc)
