INCOME FROM AND INTEREST ON COLLATERAL. 12.1 Until default, the Debtor reserves the right to receive any money constituting income from or interest on Collateral and if the Secured Party receives any such money before default, the Secured Party shall either credit that money against the Obligations or pay it promptly to the Debtor.
Appears in 3 contracts
Samples: Loan Agreement (Niocorp Developments LTD), General Security Agreement (Niocorp Developments LTD), Security Agreement (Search by HEADLINES.COM Corp.)
INCOME FROM AND INTEREST ON COLLATERAL. 12.1 Until default, the Debtor reserves the right to receive any money constituting income from or interest on Collateral and if the Secured Party receives any such money before default, the Secured Party shall either credit that money against the Obligations or pay it promptly to the Debtor.
Appears in 2 contracts
Samples: Security Agreement (Pine Valley Mining Corp), Security Agreement (Pine Valley Mining Corp)
INCOME FROM AND INTEREST ON COLLATERAL. 12.1 11.1 Until default, the Debtor reserves the right to receive any money constituting income from or interest on Collateral and if the Secured Party receives any such money before prior to default, the Secured Party shall either credit that money the same against the Obligations or pay it the same promptly to the Debtor.
Appears in 2 contracts
Samples: Security Agreement (Voice Mobility International Inc), Exchange Agreement (Voice Mobility International Inc)
