Shared Collateral Proceeds Deposit Accounts
Shared Collateral Proceeds Deposit Accounts. Means all Deposit Accounts, now or hereafter held in the name of any Grantor, into which Net Insurance/Condemnation Proceeds arising out of any sale, casualty, condemnation or other occurrence relating to the Collateral and Net Cash Proceeds from any sale of Collateral shall be deposited pending disbursement in accordance with the Indenture and the Intercreditor Agreement.
All Definitions
Found in
DAN RIVER INC contract