Common use of Monies Actually Received Clause in Contracts

Monies Actually Received. The Company shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Investor or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Investor or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.

Appears in 2 contracts

Samples: Subscription Agreement (Lorus Therapeutics Inc), General Security Agreement (Lorus Therapeutics Inc)

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Monies Actually Received. The Company Corporation shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Investor Deluxe or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Investor Deluxe or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Visual Bible International Inc), Inventory Security Agreement (Visual Bible International Inc)

Monies Actually Received. The Company shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease sale or other disposition of, or realization of security on, the Collateral when received by the Investor or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Investor or the Receiver upon such possession, sale, lease sale or other disposition of, or realization of security on, the Collateral.

Appears in 1 contract

Samples: Subscription Agreement (Lorus Therapeutics Inc)

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Monies Actually Received. The Company Corporation shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Pledged Collateral when received by the Investor or the Receiver Agent and such actual Proceeds shall mean all amounts received in cash by the Investor or the Receiver Agent upon such possession, sale, lease sale or other disposition of, or realization of security on, the Pledged Collateral.. ARTICLE 7 β€”

Appears in 1 contract

Samples: Agreement (Hudson Bay Exploration & Development CO LTD)

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