POSTPONEMENT AND ASSIGNMENT OF CLAIMS. All indebtedness, present and future, of the Producer to the undersigned (and each of the undersigned if more than one) together with each and every security therefore is hereby assigned to WeCAP and postponed to the present and future debts and liabilities of the Producer to WeCAP, and all monies received from the Producer or for its account by the undersigned shall be by him received in trust for WeCAP, and forthwith upon receipt paid over to WeCAP until the Producer’s debts and other liabilities to WeCAP are fully paid and satisfied, all without prejudice to and without in any way limiting or lessening the liability of the undersigned (or any of them if more than one) under this guarantee.
POSTPONEMENT AND ASSIGNMENT OF CLAIMS. All indebtedness, present and future, of the Customer to the undersigned (and each of the undersigned if more than one) together with each and every security therefore is hereby assigned to you and postponed to the present and future debts and liabilities of the Customer to you, and all monies received from the Customer or for its account by the undersigned shall be by him received in trust for you, and forthwith upon receipt paid over to you until the Customer’s debts and other liabilities to you are fully paid and satisfied, all without prejudice to and without in any way limiting or lessening the liability of the undersigned (or any of them if more than one) to you under this guarantee.
POSTPONEMENT AND ASSIGNMENT OF CLAIMS. All present and future debts, liabilities and obligations (collectively the "Assigned Obligations") of the Debtor to the Guarantor are postponed to the payment of the Guaranteed Obligations and are assigned by the Guarantor to the Creditor as continuing security for the payment of the liability of the Guarantor. Any moneys or other property received by the Guarantor in respect of any Assigned Obligations shall be received in trust for, and immediately paid over to, the Creditor with all necessary endorsements and assignments and pending such payment shall be held separate and apart from all other property held by the Guarantor. Any moneys received by the Creditor pursuant to this section, including moneys derived from instruments and any other property, may be applied against any Guaranteed Obligations or held by the Creditor as continuing security for the liability of the Guarantor or released to the Guarantor, all as the Creditor may see fit and without prejudicing or in any way discharging or diminishing the liability of the Guarantor. In the event that the further liability of the Guarantor is terminated, the provisions of this agreement relating to the postponement and assignment of the Assigned Obligations shall continue in full force and effect until the Guaranteed Obligations have been paid in full and the Creditor is under no obligation to make any further advances or extend any other financial accommodation to or for the benefit of the Debtor. Despite the foregoing, the Guarantor shall be entitled to receive and deal with any payments on account of any Assigned Obligations in the form of [salaries and any other permitted payments] made by the Debtor in the ordinary course of business prior to a default in the payment of any Guaranteed Obligations.
POSTPONEMENT AND ASSIGNMENT OF CLAIMS. ALL PRESENT AND FUTURE DEBTS, LIABILITIES AND OBLIGATIONS (COLLECTIVELY THE “ASSIGNED OBLIGATIONS”) OF THE DEBTOR TO THE GUARANTOR ARE POSTPONED TO THE PAYMENT OF THE GUARANTEED OBLIGATIONS AND ARE ASSIGNED BY THE GUARANTOR TO THE CREDITOR AS CONTINUING SECURITY FOR THE PAYMENT OF THE LIABILITY OF THE GUARANTOR. ANY MONEYS OR OTHER PROPERTY RECEIVED BY THE GUARANTOR IN RESPECT OF ANY ASSIGNED OBLIGATIONS SHALL BE RECEIVED IN TRUST FOR, AND IMMEDIATELY PAID OVER TO, THE CREDITOR WITH ALL NECESSARY ENDORSEMENTS AND ASSIGNMENTS AND PENDING SUCH PAYMENT SHALL BE HELD SEPARATE AND APART FROM ALL OTHER PROPERTY HELD BY THE GUARANTOR. ANY MONEYS RECEIVED BY THE CREDITOR PURSUANT TO THIS SECTION, INCLUDING MONEYS DERIVED FROM INSTRUMENTS AND ANY OTHER PROPERTY, MAY BE APPLIED AGAINST ANY OBLIGATIONS OR HELD BY THE CREDITOR AS CONTINUING SECURITY FOR THE LIABILITY OF THE GUARANTOR OR RELEASED TO THE GUARANTOR, ALL AS THE CREDITOR MAY SEE FIT AND WITHOUT PREJUDICING OR IN ANY WAY DISCHARGING OR DIMINISHING THE LIABILITY OF THE GUARANTOR. IN THE EVENT THAT THE FURTHER LIABILITY OF THE GUARANTOR IS TERMINATED, THE PROVISIONS OF THIS AGREEMENT RELATING TO THE POSTPONEMENT AND ASSIGNMENT OF THE ASSIGNED OBLIGATIONS SHALL CONTINUE IN FULL FORCE AND EFFECT UNTIL THE OBLIGATIONS HAVE BEEN PAID IN FULL AND THE CREDITOR IS UNDER NO OBLIGATION TO MAKE ANY FURTHER ADVANCES OR EXTEND ANY OTHER FINANCIAL ACCOMMODATION TO OR FOR THE BENEFIT OF THE DEBTOR.
