Common use of Payment of Earnings Clause in Contracts

Payment of Earnings. to procure that the Earnings are paid to the Mortgagee at all times if and when the same shall be or shall have become so payable in accordance with the Security Documents after the Mortgagee shall have directed pursuant to clause 2.1 of the General Assignment that the same shall be no longer receivable by the Owner and that any Earnings which are so payable and which are in the hands of the Owner’s brokers or agents are duly accounted for and paid over to the Mortgagee forthwith on demand;

Payment of Earnings. to procure that the Earnings are paid to the Mortgagee at all times if and when the same shall be or shall have become so payable in accordance with the Security Documents after the Mortgagee shall have directed pursuant to clause 2.1 2.1.1 of the General Assignment that the same shall be no longer be receivable by the Owner and that any Earnings which are so payable and which are in the hands of the Owner’s 's brokers or agents are duly accounted for and paid over to the Mortgagee forthwith on demand;