Common use of Deposits into Collateral Account Clause in Contracts

Deposits into Collateral Account. The Borrower shall remit -------------------------------- immediately to the Agent upon receipt, and shall hold in trust for the Agent and the Lenders until so remitted, any and all moneys received from any source for deposit into the Collateral Account, including without limitation any proceeds from any equity investment or extraordinary transaction.

Appears in 1 contract

Sources: Credit Agreement (Act Manufacturing Inc)

Deposits into Collateral Account. The Borrower Borrowers shall remit -------------------------------- immediately to the Agent upon receipt, and shall hold in trust for the Agent and the Lenders until so remitted, any and all moneys received from any source for deposit into the Collateral Account, including without limitation any proceeds from any equity investment or extraordinary transaction.

Appears in 1 contract

Sources: Credit Agreement (Act Manufacturing Inc)