Common use of Collection of Rights to Payment Clause in Contracts

Collection of Rights to Payment. Until the Collateral Agent exercises its rights hereunder to collect Rights to Payment, Grantor shall endeavor in the first instance diligently to collect all amounts due or to become due on or with respect to the Rights to Payment. At the request of the Collateral Agent, upon instruction of the Instructing Group, if there exists at such time any Event of Default, all remittances received by Grantor shall be held in trust for the Collateral Agent and, in accordance with the Collateral Agent's instructions, remitted to the Collateral Agent or deposited to an account with the Collateral Agent in the form received (with any necessary endorsements or instruments of assignment or transfer).

Collection of Rights to Payment. Until the Collateral Agent exercises its rights hereunder to collect Rights to Payment, Grantor shall endeavor in the first instance diligently to collect all amounts due or to become due on or with respect to the Rights to Payment. At the request of the Collateral Agent, upon instruction and after the occurrence of the Instructing Group, if there exists at such time any Event of Default, all remittances received by the Grantor shall be held in trust for Security Agreement/Accounts August 3, 1999 the Collateral Agent and, in accordance with the Collateral Agent's instructions, remitted to the Collateral Agent or deposited to an account with the Collateral Agent in the form received (with any necessary endorsements or instruments of assignment or transfer).

Collection of Rights to Payment. Until the Collateral Agent exercises its rights hereunder to collect Rights to Payment, Grantor shall endeavor in the first instance diligently to collect all amounts due or to become due on or with respect to the Rights to Payment. At the request of the Collateral Agent, upon instruction of the Instructing Group, if there exists at such time any Event of Default, all remittances received by Grantor shall be held in trust for the Collateral Agent and, in accordance with the Collateral Agent's instructionsinstructions (upon instruction from the Instructing Group), remitted to the Collateral Agent or deposited to in an account with the Collateral Agent in the form received (with any necessary endorsements or instruments of assignment or transfer).

Collection of Rights to Payment. Until the Collateral Agent exercises its rights hereunder to collect Rights to Payment, Grantor shall endeavor in the first instance diligently to collect all amounts due or to become due on or with respect to the Rights to Payment. At the request of the Collateral Agent, upon instruction and after the occurrence of the Instructing Group, if there exists at such time any Event of Default, all remittances received by :he Grantor shall be held in trust for Security Agreement/Accounts - 9 - September 8, 1999 the Collateral Agent and, in accordance with the Collateral Agent's instructions, remitted to the Collateral Agent or deposited to an account with the Collateral Agent in the form received (with any necessary endorsements or instruments of assignment or transfer).