Common use of Proceeds and Collection of Accounts Clause in Contracts

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 constitute Collateral and proceeds of Collateral and shall be held in trust by the Obligors Borrowers 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 Accountthe DDAs (other than any Local DDA, the Operating Funding Account or the CAN Funding Account), the Central 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)as provided herein.

Proceeds and Collection of Accounts. (a) All Receipts constitute Collateral and during any Sweep Period, all proceeds of Collateral and shall be held in trust by the Obligors Borrower for the Collateral Agent, shall not be commingled with any of the Obligors’ Borrower’s other funds, and shall be deposited and/or transferred only to a the Blocked AccountAccount(s), the Operating Account, Account or the Concentration Account, or another DDA permitted hereunder (and, and in such case, only if the funds in such DDA are deposited and/or transferred to a Blocked Account, Operating Account, Account or Concentration Account).