Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 5 contracts
Samples: Security Agreement (Maverick Oil & Gas, Inc.), Security Agreement (Rapid Link Inc), Security Agreement (BPK Resources Inc)
Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 5 contracts
Samples: Security Agreement (Valcent Products Inc.), Security Agreement (Global Green Solutions Inc.), Security Agreement (Urigen Pharmaceuticals, Inc.)
Duty To Hold In Trust. (a) Upon the occurrence and continuance of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 4 contracts
Samples: Security Agreement (White River Energy Corp.), Security Agreement (White River Energy Corp.), Security Agreement (White River Energy Corp.)
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 3 contracts
Samples: Security Agreement (Standard Gold), Security Agreement (Wits Basin Precious Minerals Inc), Security Agreement (Princeton Acquisitions Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Hightimes Holding Corp.), Asset Purchase Agreement, Security Agreement (Hightimes Holding Corp.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Segmentz Inc), Security Agreement (Segmentz Inc)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Debtors shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (E Digital Corp), Security Agreement (E Digital Corp)
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 2 contracts
Samples: Security Agreement (World of Tea), Junior Security Agreement (World of Tea)
Duty To Hold In Trust. Upon the occurrence of any Event of ---------------------- Default and at any time thereafter, the each Debtor shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Intellectual Property Security Agreement (Achievement Tech Holdings Inc /Id/), Security Agreement (Achievement Tech Holdings Inc /Id/)
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsCollateral Agent.
Appears in 2 contracts
Samples: Security Agreement (NightFood Holdings, Inc.), Security Agreement (Gaming Technologies, Inc.)
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default hereunder and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or bothboth (to the extent permitted by law), to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Heartland Oil & Gas Corp), Security Agreement (Universal Property Development & Acquisition Corp)
Duty To Hold In Trust. (a) Upon notice of the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Geotag Inc.), Security Agreement (Geotag Inc.)
Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor Borrower shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall upon request by the Secured Parties forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 2 contracts
Samples: Loan and Securities Purchase Agreement (Aerogen Inc), Loan and Securities Purchase Agreement (Aerogen Inc)
Duty To Hold In Trust. (a) Upon the occurrence and during the continuance of any Event of Default and at any time thereafterDefault, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 1 contract
Samples: Security Agreement (Neoprobe Corp)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, shall upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Loan Agreement or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent on behalf of the Secured Party Party, for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Zone Mining LTD)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the any Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Uni-Pixel)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Party, for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Cardax, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Debtors shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Holder and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Holder for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Secured Loan Agreement (Options Media Group Holdings, Inc.)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the ObligationsParty.
Appears in 1 contract
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security InterestInterests, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the Debtor Borrower shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Loan Agreement or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or bothboth (to the extent permitted by law), to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Universal Property Development & Acquisition Corp)
Duty To Hold In Trust. (a) Upon the occurrence of any Event of Default and at any time thereafter, the Debtor shall, upon receipt of any revenue, income income, dividend, interest or other sums subject to the Security Interest, whether payable pursuant to the Debenture Note or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Point.360)
Duty To Hold In Trust. Upon the occurrence and during the continuation of any Event of Default and at any time thereafterDefault, the Debtor shall, upon receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party Parties for application to the satisfaction of the Obligations.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Earthshell Corp)
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, the each Debtor shall, upon receipt of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debenture Promissory Notes or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party for application to the satisfaction of the Obligations.
Appears in 1 contract
