Common use of Assignment of Rights to Payment Clause in Contracts

Assignment of Rights to Payment. (a) Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit B (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Funds deposited into the Account shall be released or applied as provided in Exhibit A.

Appears in 1 contract

Samples: Security Agreement (Greenhill & Co Inc)

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Assignment of Rights to Payment. (a) a. Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) b. All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit B (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Account. Funds deposited into the Account shall be released or applied as provided in Exhibit A.

Appears in 1 contract

Samples: Security Agreement (Greenhill & Co Inc)

Assignment of Rights to Payment. (a) Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit B A (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Funds deposited into the Account shall be released or applied as provided in Exhibit A.

Appears in 1 contract

Samples: Security Agreement (Greenhill & Co Inc)

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Assignment of Rights to Payment. (a) Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit B A (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Account. Funds deposited into the Account shall be released or applied as provided in Exhibit A.

Appears in 1 contract

Samples: Security Agreement (Greenhill & Co Inc)

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