Electronic Proceeds of Collateral. In the event Borrower receives proceeds of Collateral in the form of wire transfer or other intangible funds transfer mechanism, Borrower shall immediately pay such proceeds to Lender.
Appears in 7 contracts
Sources: Loan and Security Agreement (Amincor, Inc.), Loan and Security Agreement (Tri-S Security Corp), Loan and Security Agreement (Amincor, Inc.)
Electronic Proceeds of Collateral. In the event Borrower receives proceeds of Collateral in the form of a wire transfer or other intangible funds transfer mechanism, Borrower shall immediately pay such proceeds to Lender.
Appears in 1 contract