Common use of Assigned Agreements Clause in Contracts

Assigned Agreements. (a) Upon the request of the Collateral Agent, at any time after the occurrence and the continuance of an Event of Default, each Grantor shall notify the parties to any Assigned Agreement that such Assigned Agreement has been assigned to the Collateral Agent for the benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Collateral Agent.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (AST SpaceMobile, Inc.), Patent Security Agreement (Soundhound Ai, Inc.)

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Assigned Agreements. (ai) Upon the request of the Collateral Agent (acting at the direction of the Administrative Agent, ) at any time after the occurrence and the continuance of an Event of Default, each Grantor the Borrower shall notify the parties to any Assigned Agreement that is not subject to a Consent or a consent to collateral assignment entered into pursuant to Section 6.10 of the Credit Agreement that such Assigned Agreement has been assigned to the Collateral Agent for the benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Collateral Agent.

Appears in 2 contracts

Samples: Credit Agreement (Sunpower Corp), Credit Agreement (Sunpower Corp)

Assigned Agreements. (a) Upon the request of the Collateral Agent (acting at the direction of the Administrative Agent, ) at any time after the occurrence and the continuance of an Event of Default, each Grantor the Borrower shall notify the parties to any Assigned Agreement that is not subject to a Consent or a consent to collateral assignment entered into pursuant to Section 6.10 of the Credit Agreement that such Assigned Agreement has been assigned to the Collateral Agent for the benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Collateral Agent.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (CBRE Acquisition Holdings, Inc.)

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Assigned Agreements. (ai) Upon the request of the Collateral Agent, Agent (acting at the direction of the Required Lenders) at any time after the occurrence and the continuance continuation of an Event of Default, each Grantor the Company shall notify the parties to any Assigned Agreement that is not subject to a Lender Consent that such Assigned Agreement has been assigned to the Collateral Agent for the benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Redaptive, Inc.)

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