Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and proceeds of Collateral and shall be held in trust by the Borrower for the Lender; shall not be commingled with any of the Borrower's other funds; and shall be deposited and/or transferred only to the Blocked Account.
Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and proceeds of Collateral and, after the occurrence and during the continuance of a Cash Dominion Event, shall be held in trust by the Loan Parties for the Lender; shall not be commingled with any of a Loan Party’s other funds; and shall be deposited and/or transferred only to the Blocked Account.
Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and proceeds of Collateral and shall be held in trust by the Obligors for the Agent; and shall be deposited and/or transferred only to the Concentration Account.
Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and proceeds of Collateral and shall be held in trust by the Obligors for the Collateral Agent, shall not be commingled with any of the Obligors’ other funds, and shall be deposited and/or transferred only to a Blocked Account, the Operating Account, or the Concentration Account, or another DDA permitted hereunder (and, in such case, only if the funds in such DDA are deposited and/or transferred to a Blocked Account, Operating Account, or Concentration Account).
Proceeds and Collection of Accounts. (a) All Receipts:
Proceeds and Collection of Accounts. (a) It is recognized and intended that all Receipts constitute Collateral and proceeds of Collateral. A portion of the Receivables Collateral consists of Receipts.
Proceeds and Collection of Accounts. (a) During the Sweep Period, all Receipts constitute Collateral and proceeds of Collateral shall be held in trust by the Borrower for the Agent, shall not be commingled with any of the Borrower’s other funds, and (other than amounts maintained in DDAs pursuant to Sections 7.4(b) and 7.4(c) and amounts retained for pxxxx cash at each store) shall be deposited and/or transferred only to the Blocked Account(s), Operating Account or the Concentration Account, or another DDA permitted hereunder (and in such case, only if the funds in such DDA are deposited and/or transferred to a Blocked Account, Operating Account or Concentration Account).
Proceeds and Collection of Accounts. (a) All Receipts and all other proceeds of Collateral shall be held in trust by the Borrower for the Agent and shall not be commingled with any of the Borrower’s other funds. All Receipts and other proceeds of Collateral shall promptly be deposited and/or transferred only to the Blocked Account(s), or the Concentration Account, or another DDA permitted hereunder which are established and used solely for the purpose of receiving Receipts and other proceeds of Collateral from a retail store location (collectively, the “Store Accounts”) (and in such case, only if the funds in such DDA are deposited and/or transferred to a Blocked Account in accordance with Section 7.4(b)).
Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and proceeds of Collateral and shall be held in trust by the Borrower for the Lender; shall not be commingled with any of the Borrower's other funds; and shall be deposited and/or transferred only to the Central Account, provided however, the Borrower may maintain a cash balance not to exceed one thousand ($1,000) dollars per store as "till cash".
Proceeds and Collection of Accounts. (a) It is recognized and intended that all Receipts constitute Collateral and proceeds of Collateral. A portion of the Receivables Collateral consists of Receipts. (b) Whether or not any Liabilities are then outstanding, each Borrower shall cause each of the Borrower's Account Debtors to forward all Receipts proceeds of the Receivables Collateral directly to a lock box, blocked account, or similar recipient designated by the Lender and over which the Lender has sole access and control. (c) All Receipts and collections of the Receivables Collateral which, notwithstanding the provisions of Subsection 8-1(b) are received by any Borrower or come under the control of any Borrower shall be held in trust by such Borrower for the Lender; shall not be commingled with any of such Borrower's other funds; and shall be deposited and/or transferred only to such lock box, blocked account, or similar recipient designated by the Lender pursuant to Subsection 8-1(b), above, or as otherwise instructed by the Lender.
