PAYMENTS FROM THE COOPERATIVE. If any remittances on Wholesale Accounts which have been purchased by Statesman are made directly to the Cooperative, the Cooperative shall immediately deliver them to Statesman in Richmond, Virginia, in precisely the form received, and until they are so delivered they shall be held in trust by the Cooperative for the benefit of Statesman.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Southern States Capital Trust I), Revolving Credit Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust I)
PAYMENTS FROM THE COOPERATIVE. If any remittances on ----------------------------- Wholesale Accounts which have been purchased by Statesman are made directly to the Cooperative, the Cooperative shall immediately deliver them to Statesman in Richmond, Virginia, in precisely the form received, and until they are so delivered they shall be held in trust by the Cooperative for the benefit of Statesman.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii), Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc)
