Monies Actually Received Clause Samples
The "Monies Actually Received" clause defines that only funds which have been physically received by a party, rather than merely invoiced or promised, are recognized for the purposes of the agreement. In practice, this means that calculations for payments, commissions, or revenue sharing are based solely on amounts that have been deposited into the party’s account, excluding any outstanding receivables or uncollected sums. This clause ensures that financial obligations are tied to actual cash flow, reducing disputes over unpaid amounts and clarifying when payments are due or commissions are earned.
Monies Actually Received. The Corporation shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Collateral Agent or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Collateral Agent or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. The Company shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Investor or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Investor or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. The Debtor shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Secured Party or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Secured Party or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. The Guarantor shall be entitled to be credited only with the actual Proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Trustee or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Trustee or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. There shall be applied against the Canadian Obligations only the actual proceeds arising from the possession, sale, lease or other disposition of, or realization of security on, the Collateral when received by the Agent or the Receiver. Actual proceeds refers to all money received or recovered by the Agent or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. The Pledgor shall be entitled to be credited only with the actual Proceeds arising from the possession, sale or other disposition of, or realization of security on, the Collateral when received by the Pledgee and such actual Proceeds shall mean all amounts received in cash by the Pledgee upon such possession, sale or other disposition of, or realization of security on, the Collateral.
Monies Actually Received. Only the actual Proceeds arising from the sale or other disposition of, or realization of security on, the Collateral, when actually received by the Secured Party, shall be credited to the Pledgor, and such actual Proceeds shall mean all amounts received in cash by the Secured Party upon such sale or other disposition of, or realization of security on, the Collateral.