Common use of Company Distributions, Accounts, and Correspondence Clause in Contracts

Company Distributions, Accounts, and Correspondence. The Company hereby acknowledges that (i) all proceeds, distributions, and other amounts payable to the Interest Owner, including, without limitation, upon the termination, liquidation, and dissolution of the Company, shall be paid and remitted to the Pledgee upon demand, (ii) all funds in deposit accounts held for the account of, or otherwise payable to, the Interest Owner shall be held for the benefit of Pledgee, and (iii) all future correspondence, accountings of distributions, and tax returns of the Company shall be provided to the Pledgee. The Company acknowledges and accepts such direction and hereby agrees that it shall, upon the written demand by the Pledgee, pay directly to the Pledgee to its offices as shall be specified by the Pledgee any and all distributions, income, and cash flow arising from the Company Interests whether payable in cash, property or otherwise, subject to and in accordance with the terms and conditions of the organizational documents of the Company. The Pledgee may from time to time notify the Company of any change of address to which such amounts are to be paid. EXECUTED as of the date first stated in this Acknowledgment of Pledge. [PARTNERSHIP/LIMITED LIABILITY COMPANY] By: , as [General Partner] [Manager] By: Name:

Appears in 1 contract

Samples: Security Agreement (Martin Midstream Partners Lp)

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Company Distributions, Accounts, and Correspondence. The Company hereby agrees and acknowledges that if at any time the Company receives instructions originated by Pledgee relating to the Company Interest, the Company shall comply with such instructions without further consent by the Interest Owner or any other person. Without limiting the foregoing, the Company hereby acknowledges that upon demand of Pledgee (i) all proceeds, distributions, and other amounts payable to the Interest Owner, including, without limitation, upon the termination, liquidation, and dissolution of the Company, shall be paid and remitted to the Pledgee upon demandPledgee, (ii) all funds in deposit accounts held for the account of, or otherwise payable to, the Interest Owner shall be held for the benefit of Pledgee, and (iii) all future correspondence, accountings of distributions, and tax returns of the Company shall be provided to the Pledgee. The Company acknowledges and accepts such direction and hereby agrees that it shall, upon the written demand by the Pledgee, pay directly to the Pledgee to its offices as shall be specified by the Pledgee any and all distributions, income, and cash flow arising from the Company Interests whether payable in cash, property or otherwise, subject to and in accordance with the terms and conditions of the organizational documents of the Company. The Pledgee may from time to time notify the Company of any change of address to which such amounts are to be paid. EXECUTED as of the date first stated in this Acknowledgment of Pledge. [PARTNERSHIP/LIMITED LIABILITY COMPANY] By: , as [General Partner] [Manager] By: Name:: Title: ANNEX E TO SECURITY AGREEMENT SUBJECT WELLBORES AND DEBTORS’ BEFORE AND AFTER PAYOUT INTERESTS

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

Company Distributions, Accounts, and Correspondence. The Company hereby acknowledges that (i) all proceeds, distributions, and other amounts payable to the Interest Owner, including, without limitation, upon the termination, liquidation, and dissolution of the Company, shall be paid and remitted to the Pledgee upon demand, (ii) all funds in deposit accounts held for the account of, or otherwise payable to, the Interest Owner shall be held for the benefit of Pledgee, and (iii) all future correspondence, accountings of distributions, and tax returns of the Company shall be provided to the Pledgee. The Company acknowledges and accepts such direction and hereby agrees that it shall, upon the written demand by the Pledgee, pay directly to the Pledgee to its offices as shall be specified by the Pledgee any and all distributions, income, and cash flow arising from the Company Interests whether payable in cash, property or otherwise, subject to and in accordance with the terms and conditions of the organizational documents of the Company. The Pledgee may from time to time notify the Company of any change of address to which such amounts are to be paid. EXECUTED as of the date first stated in this Acknowledgment of Pledge. [PARTNERSHIP/LIMITED LIABILITY COMPANY] By: , as [General Partner] [Manager] By: Name: Title: EXHIBIT G FORM OF AMENDED AND RESTATED MASTER CONSENT TO ASSIGNMENT March 28, 2013 Each of the undersigned (each, a “Xxxxxx Counterparty”) acknowledges that each Debtor (as such term is herein defined), for the purpose of securing obligations of Debtors incurred pursuant to the Credit Agreement hereinafter referenced, has collaterally assigned or may in the future collaterally assign to Royal Bank of Canada, as collateral agent (together with its successors and assigns in such capacity, the “Collateral Agent”), all of such Debtor’s right, title, interest, claim and demand in, under and to the Assigned Agreements (as such term is herein defined), and all accounts and general intangibles consisting of, relating to or otherwise arising out of such Debtor’s right, title, interest, claim, and demand in and to all of such Debtor’s rights to payment of every kind under and by virtue of the Assigned Agreements. Each Xxxxxx Counterparty further acknowledges that the rights and interests of Debtors to receive proceeds under the Assigned Agreement to which each of the undersigned is party, as applicable, together with any security interests securing the payment thereof, have been pledged to the Collateral Agent as collateral for the Obligations of Debtors to the Collateral Agent, for the benefit of the Lenders and the Lender Swap Parties. As a condition to the Lenders extending credit as contemplated by the Credit Agreement, the Collateral Agent and the Lenders have required the execution and delivery of this Amended and Restated Master Consent to Assignment (this “Consent”). Accordingly, each of the undersigned agrees as follows:

Appears in 1 contract

Samples: Security Agreement (Martin Midstream Partners Lp)

Company Distributions, Accounts, and Correspondence. The Company hereby acknowledges that (i) all proceeds, distributions, and other amounts payable to the Interest Owner, including, without limitation, upon the termination, liquidation, and dissolution of the Company, shall be paid and remitted to the Pledgee upon demand, (ii) all funds in deposit accounts held for the account of, or otherwise payable to, the Interest Owner shall be held for the benefit of Pledgee, and (iii) all future correspondence, accountings of distributions, and tax returns of the Company shall be provided to the Pledgee. The Company acknowledges and accepts such direction and hereby agrees that it shall, upon the written demand by the Pledgee, pay directly to the Pledgee to its offices as shall be specified by the Pledgee any and all distributions, income, and cash flow arising from the Company Interests whether payable in cash, property or otherwise, subject to and in accordance with the terms and conditions of the organizational documents of the Company. The Pledgee may from time to time notify the Company of any change of address to which such amounts are to be paid. EXECUTED as of the date first stated in this Acknowledgment of Pledge. [PARTNERSHIP/LIMITED LIABILITY COMPANY] By: , as [General Partner] [Manager] By: Name:: Title: EXHIBIT F-2 FORM OF THIRD AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Security Agreement (Martin Midstream Partners Lp)

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Company Distributions, Accounts, and Correspondence. The Company hereby acknowledges that (i) all proceeds, distributions, and other amounts payable to the Interest Owner, including, without limitation, upon the termination, liquidation, and dissolution of the Company, shall be paid and remitted to the Pledgee upon demand, (ii) all funds in deposit accounts held for the account of, or otherwise payable to, the Interest Owner shall be held for the benefit of Pledgee, and (iii) all future correspondence, accountings of distributions, and tax returns of the Company shall be provided to the Pledgee. The Company acknowledges and accepts such direction and hereby agrees that it shall, upon the written demand by the Pledgee, pay directly to the Pledgee to its offices as shall be specified by the Pledgee any and all distributions, income, and cash flow arising from the Company Interests whether payable in cash, property or otherwise, subject to and in accordance with the terms and conditions of the organizational documents of the Company. The Pledgee may from time to time notify the Company of any change of address to which such amounts are to be paid. EXECUTED as of the date first stated in this Acknowledgment of Pledge. [PARTNERSHIP/LIMITED LIABILITY COMPANY] By: , as [General Partner] [Manager] By: Name:: Title: EXHIBIT F-3 FORM OF AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT (Subsidiary)

Appears in 1 contract

Samples: Security Agreement (Martin Midstream Partners Lp)

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