Collection and Application of Collateral Proceeds Deposit Accounts Sample Clauses

Collection and Application of Collateral Proceeds Deposit Accounts. 7.1. Collection of Receivables.
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Collection and Application of Collateral Proceeds Deposit Accounts. 7.1. [Reserved].
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Collection and Application of Collateral Proceeds Deposit Accounts. 21 SECTION 6.01. Collection of Receivables 21 SECTION 6.02. Covenant Regarding New Deposit Accounts; Lock Boxes 22 ARTICLE VII MISCELLANEOUS 22 SECTION 7.01. Notices 22 SECTION 7.02. Survival of Agreement 22 SECTION 7.03. Binding Effect; Several Agreement 22 SECTION 7.04. Successors and Assigns 23 SECTION 7.05. Administrative Agent’s Expenses; Indemnity 23 SECTION 7.06. Administrative Agent Appointed Attorney-in-Fact; Account Verification 23 SECTION 7.07. Applicable Law 24 SECTION 7.08. Waivers; Amendment 24 SECTION 7.09. WAIVER OF JURY TRIAL 25 SECTION 7.10. Severability 25 SECTION 7.11. Counterparts 25 SECTION 7.12. Headings 25 SECTION 7.13. Jurisdiction; Consent to Service of Process 25 SECTION 7.14. Termination or Release 26 SECTION 7.15. Additional Subsidiaries 26 SECTION 7.16. Security Interest and Obligations Absolute 27 Schedules Schedule I Subsidiary Guarantors Schedule II Equity Interests; Pledged Debt Securities Schedule III Intellectual Property Schedule IV Offices for UCC Filings Schedule V UCC Information Schedule VI Locations of Collateral Schedule VII Deposit Accounts Schedule VIII Letter of Credit Rights and Chattel Paper Exhibits Exhibit A Form of Supplement This GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 24, 2011 (this “Agreement”), is entered into by and among CDW CORPORATION, a Delaware corporation (“Holdings”), CDW LLC, an Illinois limited liability company (the “Borrower”), the subsidiaries of the Borrower (each capitalized term used but not defined in this introductory paragraph or the preliminary statement below having the meaning given or ascribed to it in Article I) from time to time party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent (in such capacity, the “Administrative Agent”).
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Collection and Application of Collateral Proceeds Deposit Accounts. 30 SECTION 7.1 Collection of Receivables 30
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Collection and Application of Collateral Proceeds Deposit Accounts 
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Related to Collection and Application of Collateral Proceeds Deposit Accounts

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

  • Distribution of Collateral Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Application of Proceeds of Collateral Notwithstanding anything to the contrary in this Agreement, in the case of any Event of Default under Section 9.1(i), immediately following the occurrence thereof, and in the case of any other Event of Default, upon the termination of the Revolving Credit Aggregate Commitment, the acceleration of any Indebtedness arising under this Agreement and/or the exercise of any other remedy in each case by the requisite Lenders under Section 9.2 hereof, the Agent shall apply the proceeds of any Collateral, together with any offsets, voluntary payments by any Credit Party or others and any other sums received or collected in respect of the Indebtedness first, to pay all incurred and unpaid fees and expenses of the Agent under the Loan Documents and any protective advances made by Agent with respect to the Collateral under or pursuant to the terms of any Loan Document, next, to pay any fees and expenses owed to the Issuing Lender hereunder, next, to the Indebtedness under the Revolving Credit (including the Swing Line and any Reimbursement Obligations), any obligations owing by any Credit party under any Hedging Agreements or in connection with any Lender Products on a pro rata basis, next, to any other Indebtedness on a pro rata basis, and then, if there is any excess, to the Credit Parties or as otherwise required under applicable law, as the case may be.

  • Special Collateral Account After an Event of Default has occurred -------------------------- and is continuing, all cash proceeds of the Collateral received by the Agent shall be deposited in a special deposit account with the Agent and held there as security for the Secured Obligations. The Agent shall invest any and all available funds deposited in such special deposit account, within five (5) business days after the date the relevant funds become available, in securities issued as fully guaranteed or insured by the United States Government or any agency thereof backed by the full faith and credit of the United States having maturities of three (3) months from the date of acquisition thereof (collectively, "Government Obligations"). The Assignor hereby acknowledges and agrees that the Agent shall not have any liability with respect to, and the Assignor hereby indemnifies the Agent against, any loss resulting from the acquisition of the Government Obligation and the Agent shall not have any obligation to monitor the trading activity of any such Governmental Obligations on and after the acquisition thereof for the purpose of obtaining the highest possible return with respect thereto, the Agent's responsibility being limited to acquiring such Governmental Obligations.

  • Control of Collateral Accounts To establish “control” of the Collateral Accounts by the Secured Party under Sections 9-104 and 9-106 of the UCC, the Financial Institution agrees to comply with any order or instruction from the Secured Party directing the deposit, withdrawal, transfer or redemption of the cash or other financial assets credited to a Collateral Account (a “Secured Party Order”) without the need for consent by the Grantor or any other Person.

  • Application of Collateral and Proceeds The proceeds of any sale of, or other realization upon, all or any part of the Collateral shall be applied in the following order of priorities:

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Application of Proceeds from Collateral All proceeds from each sale of, or other realization upon, all or any part of the Collateral by any Secured Party after an Event of Default arises shall be applied as follows:

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