Common use of The Collateral Account Clause in Contracts

The Collateral Account. On the Effective Date, there shall be established and, at all times thereafter until the trusts created by this Collateral Trust Agreement shall have terminated, there shall be maintained in the name of the Collateral Trustee at the head office of the Collateral Trustee designated by it pursuant to Subsection 6.1 an account which is entitled the “Blockbuster Collateral Account” (the “Collateral Account”). All moneys which are required by this Collateral Trust Agreement or any Security Document to be delivered to the Collateral Trustee while a Notice of Acceleration is in effect or which are received by the Collateral Trustee or any agent or nominee of the Collateral Trustee in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Collateral Trust Agreement or any Security Document or otherwise, while a Notice of Acceleration is in effect shall be deposited in the Collateral Account to be held by the Collateral Trustee as part of the Trust Estate and applied by the Collateral Trustee only in accordance with the terms of this Collateral Trust Agreement. Upon the cancellation of all Notices of Acceleration pursuant to subsection 2.1(c) or the receipt by the Collateral Trustee of any moneys at any time when no Notice of Acceleration is in effect, the Collateral Trustee shall (subject to the first sentence of subsection 3.4(a)) cause all funds on deposit in the Collateral Account or otherwise received by the Collateral Trustee to be paid over to the Grantor.

The Collateral Account. On the Effective Date, Date there shall be established and, at all times thereafter until the trusts trust created by this Collateral Trust Agreement shall have terminated, there shall be maintained in the name of the Collateral Trustee Company at the head such office of U.S. Bank National Association as selected by the Collateral Trustee designated by it pursuant to Subsection 6.1 an account which is entitled the “Blockbuster ACAS Collateral Account” (the “Collateral Account”). All direct or indirect Proceeds of Collateral and all other moneys which that are required by this Collateral Trust Agreement or any other Trust Security Document to be delivered to the Collateral Trustee while a Notice of Acceleration is in effect or which are received by the Collateral Trustee or any agent or nominee of the Collateral Trustee in respect of the CollateralCollateral while a Notice of Acceleration is in effect, whether in connection with the exercise of the remedies provided in this Collateral Agreement, any other Trust Agreement or any Security Document or otherwiseotherwise (collectively, while a Notice of Acceleration is in effect the “Trust Monies”) shall be deposited in the Collateral Account to be held by the Collateral Trustee as part of the Trust Estate and applied by the Collateral Trustee only in accordance with the terms of this Collateral Trust Agreement. Upon For the cancellation avoidance of all Notices of Acceleration doubt, Trust Monies shall not include Prepayment Monies deposited pursuant to subsection 2.1(c(and as defined in) or Section 3A of this Agreement. Subject to Section 2.11(b), upon request of the receipt by the Collateral Trustee of any moneys Company at any time when no Notice of Acceleration is in effect, the Collateral Trustee shall (subject to the first sentence of subsection Section 3.4(a)) cause all funds on deposit in the Collateral Account or otherwise received by the Collateral Trustee to be paid over to the GrantorGrantors in accordance with their respective interests.

The Collateral Account. On the Effective Date, date hereof there shall be established and, at all times thereafter until the trusts trust created by this Collateral Trust Agreement shall have terminated, there shall be maintained in the name of the Collateral Trustee Company at the head such office of the Collateral Trustee designated by it pursuant to Subsection 6.1 an account which is entitled the “Blockbuster YRC Collateral Account” (the “Collateral Account”). All direct or indirect Proceeds of Collateral and all other moneys which that are required by this Collateral Trust Agreement or any other Trust Security Document to be delivered to the Collateral Trustee while a Notice of Acceleration is in effect or which are received by the Collateral Trustee or any agent or nominee of the Collateral Trustee in respect of the CollateralCollateral while a Notice of Acceleration is in effect, whether in connection with the exercise of the remedies provided in this Collateral Agreement, any other Trust Agreement or any Security Document or otherwiseotherwise (collectively, while a Notice the “Trust Monies”), subject to the terms, conditions and provisions of Acceleration is in effect the Intercreditor Agreement, shall be deposited in the Collateral Account to be held by the Collateral Trustee as part of the Trust Estate and applied by the Collateral Trustee only in accordance with the terms of this Collateral Trust Agreement. Upon Subject to Section 2.11(b), upon request of the cancellation of all Notices of Acceleration pursuant to subsection 2.1(c) or the receipt by the Collateral Trustee of any moneys Company at any time when no Notice of Acceleration is in effect, the Collateral Trustee shall (subject to the first sentence of subsection Section 3.4(a)) cause all funds on deposit in the Collateral Account or otherwise received by the Collateral Trustee to be paid over to the GrantorGrantors in accordance with their respective interests.

The Collateral Account. On the Effective Date, Date there shall be established and, at all times thereafter until the trusts created by this Collateral Trust Agreement shall have terminated, there shall be maintained in the name of the Collateral Trustee at the head office of the Collateral Trustee designated Trustee’s corporate trust division (or at such other office selected by it pursuant to Subsection 6.1 the Collateral Trustee) an account which is entitled the “Blockbuster ATVM Tesla Collateral Account” (the “Collateral Account”). All moneys which are required by this Collateral Trust Agreement or any Trust Security Document to be delivered to the Collateral Trustee while a Notice of Acceleration Default is in effect or which are received by the Collateral Trustee or any agent or nominee of the Collateral Trustee in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Collateral Trust Agreement or any Trust Security Document or otherwise, while a Notice of Acceleration Default is in effect (or as provided under Section 2.11(d) above) shall be deposited in the Collateral Account and Proceeds thereof to be held by the Collateral Trustee as part of the Trust Estate and applied by the Collateral Trustee only in accordance with the terms of this Collateral Trust Agreement. Upon the cancellation of all Notices of Acceleration Default pursuant to subsection Section 2.1(c) or the receipt by the Collateral Trustee of any moneys at any time when no Notice of Acceleration Default is in effect, the Collateral Trustee shall (subject to the first sentence of subsection Sections 2.11(d) and 3.4(a)) cause all funds on deposit in the Collateral Account or otherwise received by the Collateral Trustee to be paid over to the GrantorGrantors in accordance with their respective interests.

The Collateral Account. On The Company shall use commercially reasonable efforts to establish, as soon as reasonably practicable after the Effective Date, there shall be established and, at all times thereafter until the trusts created by this Collateral Trust Agreement shall have terminated, there shall be maintained in the name of the Collateral Trustee Company at the head office of the Collateral Trustee’s corporate trust division (or at such other office selected by the Collateral Trustee) a non-interest bearing trust account (together with any other similar accounts which may be established by the Collateral Trustee, in coordination with the Controlling Party, as may be necessary or advisable to administer the moneys delivered to the Collateral Trustee designated by it pursuant to Subsection 6.1 an account which is entitled the “Blockbuster Collateral Account” (terms, hereof, collectively, the “Collateral Account”). All moneys which are required by this Collateral Trust Agreement or any Trust Security Document to be delivered to the Collateral Trustee while a Notice of Acceleration Event of Default is in effect or which are received by the Collateral Trustee or any agent or nominee of the Collateral Trustee in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Collateral Trust Agreement or any Trust Security Document or otherwise, while a Notice of Acceleration Event of Default is in effect shall be deposited in the Collateral Account Account, to be held by the Collateral Trustee as part of the Trust Estate and applied by the Collateral Trustee only in accordance with the terms of this Collateral Trust Agreement. Upon the cancellation of all Notices of Acceleration Event of Default pursuant to subsection 2.1(c) or the receipt by the Collateral Trustee of any moneys at any time when no Notice of Acceleration Event of Default is in effect, the Collateral Trustee shall (subject to the first sentence of subsection 3.4(a)) cause all funds on deposit in the Collateral Account or otherwise received by the Collateral Trustee to be paid over as promptly as possible to the GrantorCompany or as otherwise directed by the Company.