Payment to Assignee. Any distributions, proceeds or earnings assigned under this Assignment received by Rancon shall be deemed to have been received in trust for the benefit of Assignee and such distributions, proceeds or earnings shall be paid by Rancon to Assignee as soon as practicable, but no later than five days following receipt of same.
Appears in 3 contracts
Sources: Partnership Agreement (Rancon Realty Fund Iv), Partnership Agreement (Rancon Income Fund I), Partnership Agreement (Rancon Realty Fund V)