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 during 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 (Clean Energy Fuels Corp.), Guarantee and Collateral Agreement (Clean Energy Fuels Corp.)

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Assigned Agreements. (a) Upon the request of the Collateral Agent, at any time after the occurrence and during 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.)

Assigned Agreements. (a) Upon the request of the Collateral Agent, at any time after the occurrence and during the continuance of an Event of DefaultDefault pursuant to Section 11.01(a) of the Credit Agreement, 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 1 contract

Samples: Guarantee and Collateral Agreement (Eos Energy Enterprises, Inc.)

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Assigned Agreements. (ai) Upon the request of the Collateral Agent, Agent at any time after the occurrence and during the continuance of an Event of DefaultDefault and subject to the terms of the Intercreditor Agreement, each Grantor the Project Grantors 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 1 contract

Samples: Pledge and Security Agreement (Global Clean Energy Holdings, Inc.)

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