Common use of Payments Directly to Secured Party Clause in Contracts

Payments Directly to Secured Party. The Secured Party may at any time ---------------------------------- and from time to time after the occurrence of an Event of Default notify, or request the Debtor to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Receivables to make payment to the Secured Party or any agent or designee of the Secured Party directly, at such address as may be specified by the Secured Party. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Debtor, the Debtor shall hold all such payments it receives in trust for the Secured Party, without commingling the same with other funds or property of or held by the Debtor, and shall promptly deliver the same to the Secured Party or any such agent or designee immediately upon receipt by the Debtor in the identical form received, together with any necessary endorsements.

Payments Directly to Secured Party. The Secured Party may at any time ---------------------------------- and from time to time after the occurrence of an Event of Default notify, or request the Debtor to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Receivables to make payment to the Secured Party or any agent or designee of the Secured Party directly, at such address as may be specified by the Secured Party. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Debtor, the Debtor shall hold all such payments it receives in trust for the Secured Party, without commingling the same with other funds or property of or held by the Debtor, and shall promptly deliver the same to the Secured Party or any such agent or designee immediately upon receipt by the Debtor in the identical form received, together with any necessary endorsements.

Payments Directly to Secured Party. The Secured Party may at any time ---------------------------------- and from time to time after the occurrence and during continuation of an a Default or Event of Default notify, or request the any Debtor to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Receivables to make payment to the Secured Party or any agent or designee of the Secured Party directly, at such address as may be specified by the Secured Party. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the a Debtor, the such Debtor shall hold all such payments it receives in trust for the Secured Party, without commingling the same with other funds or property of or held by the such Debtor, and shall promptly deliver the same to the Secured Party or any such agent or designee immediately upon receipt by the such Debtor in the identical form received, together with any necessary endorsements.