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Collections
Collections contract clause examples

Collections; Names. In the event that the Borrower or any Affiliated Entity thereof receives any Collections owing to any Solar Asset Subsidiary, the Borrower shall hold, or cause such Affiliated Entity to hold, all such Collections in trust for the benefit of the Secured Parties and deposit, or cause such Affiliated Entity to deposit, such Collections into the Revenue Account, as soon as practicable, but in no event later than five (5) Business Days after its receipt thereof.

Collections. (i) Deposit, or permit any Solar Asset Subsidiary to deposit, at any time Collections received by it into any bank account other than its Solar Asset Subsidiary Operating Account or the Revenue Account; provided that the inadvertent depositing of funds into any other account shall not constitute a breach of this provision so long as the Borrower or the applicable Borrower Subsidiary transfers such funds to the Revenue Account no later than the fifth (5th) Business Day after becoming aware thereof, or # deposit, or permit any Managing Member to deposit, at any time Borrower Subsidiary Distributions into any bank account other than the Revenue Account (other than Borrower Subsidiary Distributions constituting Excluded Collateral).

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