Collateral Account Distributions. (a) Upon the receipt by the Collateral Agent of a Notice of Default, at the direction of the Required Secured Parties, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent at the office of the Collateral Agent, an account which shall be entitled the "Guilford Mills Collateral Account" (the "Collateral Account"). All xxxxxx xxxxx are required by this Agreement or the Security Documents to be delivered to the Collateral Agent while a Notice of Default is in effect or which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or the Security Documents or otherwise, while a Notice of Default is in effect, shall be deposited in the Collateral Account and thereafter shall be held by the Collateral Agent as part of the Collateral and applied in accordance with the terms of this Agreement. Upon the cancellation of any Notice of Default pursuant to Section 2(b)(ii) hereof, the Collateral Agent shall (subject to the first sentence of Section 8(d)) hereof cause all funds on deposit in the Collateral Account to be paid over to the Borrower.
Collateral Account Distributions. 3.1 The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the "GSX Collateral Account" (the "Collateral Account"). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Shared Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Shared Collateral Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement.
Collateral Account Distributions. 43 SECTION 6.01. The Collateral Account.......................43 SECTION 6.02. Control of Collateral Account................44 SECTION 6.03. Investment of Funds Deposited in Collateral Account.......................... 44 SECTION 6.04. Application of Moneys........................45 SECTION 6.05. Application of Moneys Distributable to Indenture Trustees...........................46 SECTION 6.06. Trustee's Calculations.......................47 SECTION 6.07. Pro Rata Sharing.............................47
Collateral Account Distributions. (a) On the Effective Date there shall be established and, at all times thereafter until this Pledge Agreement shall have terminated, there shall be maintained with the Collateral Agent at the office of the Collateral Agent's corporate trust division an account which shall be entitled the "Comdisco Collateral Account" (the "Collateral Account"). All moneys which are required by this Pledge Agreement to be delivered to the Collateral Agent while an Event of Default has occurred and is continuing and all proceeds of Sales of Collateral shall be deposited in the Collateral Account and held by the Collateral Agent as Collateral and applied in accordance with the terms of this Pledge Agreement. Upon the waiver or cure of any such Event(s) of Default, the Collateral Agent shall cause all funds on deposit in the Collateral Account (other than amounts representing Proceeds of Collateral sold or otherwise disposed of by the Collateral Agent pursuant to the terms hereof) to be forthwith paid over to the Pledgors.
Collateral Account Distributions. 7 3.1 The Collateral Account .................................. 7 3.2 Control of Collateral Account ........................... 7 3.3 Investment of Funds Deposited in Collateral Account ..... 7 3.4
Collateral Account Distributions
