Proceeds of Collateral. Without limiting any of the other terms of this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCC.
Appears in 4 contracts
Samples: Loan and Security Agreement (Vidamed Inc), Loan and Security Agreement (Idt Corp), Loan and Security Agreement (Endocare Inc)
Proceeds of Collateral. Without limiting any of the other terms of this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower Obligor shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower Obligor will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower Obligor and will hold them in trust and for the account and as the property of TBCC.
Appears in 2 contracts
Samples: Security Agreement (Idt Corp), Security Agreement (Endocare Inc)
Proceeds of Collateral. Without limiting any of the other terms of ---------------------- this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCC.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tut Systems Inc), Loan and Security Agreement (Personify Inc)
Proceeds of Collateral. Without limiting any of the other terms of this ---------------------- Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCC.
Appears in 2 contracts
Samples: Security Agreement, Loan and Security Agreement (Odetics Inc)
Proceeds of Collateral. Without limiting any of the other terms of this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCC.
Appears in 1 contract
Samples: Loan and Security Agreement (Backweb Technologies LTD)
Proceeds of Collateral. Without limiting any of the other terms of ---------------------- this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCCTBCC provided that the foregoing shall not apply to the permitted sales of assets as set forth in Section 6.4 hereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Pilot Network Services Inc)
Proceeds of Collateral. Without limiting any of the other terms of ---------------------- this Agreement, and without implying any consent to any sale or other transfer of Collateral in violation of any provision of this Agreement, . Borrower shall deliver to TBCC all proceeds of any sale or other transfer or disposition of any Collateral, immediately upon receipt of the same and in the same form as received, with any necessary endorsements, and Borrower will not commingle any such proceeds with any of its other funds or property, but will segregate them from the other assets of Borrower and will hold them in trust and for the account and as the property of TBCC.
Appears in 1 contract
