Payments on Account of Collateral. Upon the occurrence and during the continuance of any Event of Default, all payments due on account of the Collateral, whether or not such payments are ordinary and regular cash distributions, shall be paid to Agent or, at Agent’s option, to Agent’s nominee.
Appears in 6 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (TNP Strategic Retail Trust, Inc.), Pledge and Security Agreement (TNP Strategic Retail Trust, Inc.)
