Common use of Monies Actually Received Clause in Contracts

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. 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 Agent, the Lenders or the Receiver and such actual Proceeds shall mean all amounts received in cash by the Trustee Agent, the Lenders or the Receiver upon such possession, sale, lease or other disposition of, or realization of security on, the Collateral.