Common use of The Collateral Account Clause in Contracts

The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the “Crown Cork Collateral Account” (the “Collateral Account”). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.04. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of Collateral and such amount is denominated in any currency other than dollars, the Collateral Agent shall convert such amount into an amount of dollars based upon the relevant Exchange Rate in effect for such day.

The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the “Crown Cork "Lucent Collateral Account” " (the “"Collateral Account”"). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.043.4. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of Collateral and such amount is denominated in any currency other than dollarsDollars, the Collateral Agent shall convert such amount into an amount of dollars Dollars based upon the relevant Exchange Rate in effect for such day.

The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the “Crown Cork "Lucent Collateral Account” " (the “Collateral Account”"COLLATERAL ACCOUNT"). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.043.4. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of Collateral and such amount is denominated in any currency other than dollarsDollars, the Collateral Agent shall convert such amount into an amount of dollars Dollars based upon the relevant Exchange Rate in effect for such day.

The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the “Crown Cork Lucent Collateral Account” (the “Collateral Account”). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.043.4. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of Collateral and such amount is denominated in any currency other than dollarsDollars, the Collateral Agent shall convert such amount into an amount of dollars Dollars based upon the relevant Exchange Rate in effect for such day.

The Collateral Account. At such time as the Collateral Agent deems appropriate, there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account which shall be entitled the “Crown Cork "Lucent Collateral Account” " (the “"Collateral Account”"). All moneys which are received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in connection with the exercise of the remedies provided in this Agreement or any Security Document, shall be deposited in the Collateral Account and held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.043.4. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee of the Collateral Agent in respect of Collateral and such amount is denominated in any currency other than dollars, the Collateral Agent shall convert such amount into an amount of dollars based upon the relevant Exchange Rate in effect for such day.

The Collateral Account. At such time as On the Collateral Agent deems appropriate, Effective Date there shall be established and, at all times thereafter until this Agreement shall have terminated, there shall be maintained with in the name of the Company at such office of JPMorgan Chase Bank, N.A. as selected by the Collateral Agent an account which shall be is entitled the “Crown Cork ACAS Collateral Account” (the “Collateral Account”). All direct or indirect Proceeds of Collateral and all other moneys that are required by this Agreement or any other Security Document to be delivered to the Collateral Agent while a Notice of Acceleration is in effect or which are received by the Collateral Agent or any agent or nominee of the Collateral Agent 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 Agreement Agreement, any other Security Document or any Security Documentotherwise (collectively, the “Collections”) shall be deposited in the Collateral Account and to be held by the Collateral Agent as part of the Collateral Estate and applied in accordance with the terms of this Agreement. The Collateral Agent shall maintain such sub-accounts and records with respect to the Collateral Account as will permit the segregation and allocation of proceeds of Collateral in accordance with Section 3.04. In the event that, on any day, an amount is received by the Collateral Agent or any agent or nominee Upon request of the Collateral Agent Company at any time when no Notice of Acceleration is in respect of Collateral and such amount is denominated in any currency other than dollarseffect, the Collateral Agent shall convert such amount into an amount of dollars based upon cause all funds on deposit in the relevant Exchange Rate Collateral Account to be paid over to the Grantors in effect for such dayaccordance with their respective interests.