Common use of Proceeds of Collateral Clause in Contracts

Proceeds of Collateral. The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables or otherwise relating to Collateral are made directly to a Deposit Account subject to a Control Agreement. If the Borrower receives cash or any check, draft or other item of payment payable to the Borrower with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly deposit the same into a Collateral Deposit Account subject to a Control Agreement.

Proceeds of Collateral. The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account subject to a Control AgreementAccount. If the Borrower or any Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent Lender and promptly (not later than three (3) Business Days) deposit the same into a Collateral Controlled Deposit Account subject to a Control AgreementAccount.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account subject (or a lockbox relating to a Control AgreementControlled Deposit Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Controlled Deposit Account subject to a Control Agreement.Account. (v)

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary reasonable steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Deposit Account subject (or a lockbox relating to a Control AgreementDeposit Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold promptly (not later than the same in trust for the Administrative Agent and promptly next Business Day) deposit the same into a Collateral Deposit Account subject to a Deposit Account Control Agreement.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to the Concentration Account (or a Deposit Account subject lockbox relating to a Control Agreementthe Concentration Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent Lender and promptly (not later than the second Business Day) deposit the same into a Collateral Deposit Account subject to a Control Agreementthe Concentration Account.

Proceeds of Collateral. The Borrower shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to the Concentration Account (or a Deposit Account subject lockbox relating to a Control Agreementthe Concentration Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Deposit Account subject to a Control Agreementthe Concentration Account.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to an account subject to a Deposit Account subject Control Agreement (or to a Control Agreement. If the Borrower receives cash or any check, draft or other item of payment payable to the Borrower with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly deposit the same into a Collateral Deposit Account subject to a Control Agreementlockbox relating thereto).

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to the Concentration Account (or a Deposit Account subject lockbox relating to a Control Agreementthe Concentration Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Deposit Account subject to a Control Agreementthe Concentration Account.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account subject (or a lockbox relating to a Control AgreementControlled Deposit Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Controlled Deposit Account subject to a Control AgreementAccount.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account subject (or a lockbox relating to a Control AgreementControlled Deposit Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (but in any event within three Business Days) deposit the same into a Collateral Controlled Deposit Account subject to a Control AgreementAccount.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Deposit Subject Account subject (or a lockbox relating to a Control AgreementSubject Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Deposit Account subject to a Control AgreementSubject Account.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to a Controlled Deposit Account subject (or a lockbox relating to a Control AgreementControlled Deposit Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any 109 Collateral, it shall hold the same in trust for the Administrative Agent and promptly (not later than the next Business Day) deposit the same into a Collateral Controlled Deposit Account subject to a Control AgreementAccount.

Proceeds of Collateral. The Borrower Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts, Credit Card Receivables Accounts or otherwise relating to Collateral are made directly to the Concentration Account (or a Deposit Account subject lockbox relating to a Control Agreementthe Concentration Account). If the any Borrower or Subsidiary receives cash or any check, draft or other item of payment payable to the Borrower Payment Items with respect to any Collateral, it shall hold the same in trust for the Administrative Agent Lender and promptly (not later than the next Business Day) deposit the same into a Collateral Deposit Account subject to a Control Agreementthe Concentration Account.