Common use of Receipt of Proceeds Clause in Contracts

Receipt of Proceeds. Upon receipt of any interest or dividends in cash, or any other asset that constitutes proceeds with respect to Collateral, the Custodian Bank will credit such proceeds to the Account no later than the next Business Day.

Appears in 5 contracts

Sources: Issuance Account Control Agreement, Issuance Account Control Agreement, Issuance Account Control Agreement