Common use of Proceeds to be Turned Over To Secured Party Clause in Contracts

Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment Property, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and cash equivalents shall be held by such Grantor in trust for the Secured Party, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Secured Party in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 5.5.

Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 6.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment PropertyReceivables, if an Event of Default shall occur and be continuing, upon request of the Secured Party, all Proceeds received by any Grantor Pledgor consisting of cash, checks and other near-cash equivalents items shall be held by such Grantor Pledgor in trust for the Secured Party, segregated from other funds of such GrantorPledgor, and shall, forthwith immediately upon receipt by such GrantorPledgor, be turned over to the Secured Party in the exact form received by such Grantor Pledgor (duly indorsed by such Grantor Pledgor to the Secured Party, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor Pledgor in trust for the Secured Party) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 5.56.5 hereof.

Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 7.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment PropertyAccounts, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash equivalents items shall be held by such Grantor in trust for the Secured Party, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such GrantorGuarantor, be turned over to the Secured Party in the exact form received by such Grantor Guarantor (duly indorsed by such Grantor to the Secured Party, if required). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 5.57.4.

Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment PropertyReceivables, if an Event of Default shall occur and be continuing, all Proceeds (including Proceeds of the Key Man Life Insurance Policy) received by any Grantor consisting of cash, checks and cash equivalents Instruments shall be held by such Grantor in trust for the Secured Party, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Secured Party in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, if required) (but subject to any prior rights of the lender under the Senior Revolving Line of Credit). All Proceeds received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party) shall continue to be held as collateral security for all the Secured Grantor Obligations and shall not constitute payment thereof until applied as provided in Section 5.5.

Proceeds to be Turned Over To Secured Party. In addition to the rights of the Secured Party specified in Section 5.1 with respect to payments of Receivables and Section 5.3 with respect to payments in respect of Investment PropertyReceivables, if an Event of Default shall occur have occurred and be continuing, all Proceeds constituting Collateral received by any Grantor consisting of cash, cash equivalents, checks and cash equivalents Instruments shall be held by such Grantor in trust for the Secured Party, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, Grantor be turned over to the Secured Party in the exact form received by such Grantor (duly indorsed by such Grantor to the Secured Party, if required). All Proceeds constituting Collateral received by the Secured Party hereunder shall be held by the Secured Party in a Collateral Account maintained under its sole subject to the exclusive dominion and controlcontrol of the Secured Party. All Proceeds constituting Collateral while held by the Secured Party in a Collateral Account (or by such Grantor in trust for the Secured Party) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 5.5.