Common use of Payments to Beneficiary Clause in Contracts

Payments to Beneficiary. Upon or at any time during the continuance of an Event of Default, a demand on any tenant by Beneficiary for the payment of rent shall be sufficient to warrant said tenant to make future payments of rent to Beneficiary without the necessity of any consent by Grantor.

Appears in 4 contracts

Samples: Trust and Security Agreement (Sterling Construction Co Inc), Trust and Security Agreement (Sterling Construction Co Inc), Trust and Security Agreement (Sterling Construction Co Inc)

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Payments to Beneficiary. Upon or at any time during the continuance of an Event of Default, a A demand on any tenant by Beneficiary for the payment of rent Rent shall be sufficient to warrant said tenant to make future payments of rent Rent to Beneficiary without the necessity of any consent by Grantor.

Appears in 3 contracts

Samples: Advanced Micro Devices Inc, Spansion Inc., Spansion Inc.

Payments to Beneficiary. Upon or at any time during the continuance of an Event of Default, a A demand on any tenant by Beneficiary for the payment of rent Rent shall be sufficient to warrant said tenant to make future payments of rent Rents to Beneficiary without the necessity of any consent by Grantor.

Appears in 2 contracts

Samples: Credit Agreement (Spansion Inc.), Revolving Credit Agreement (Spansion Inc.)

Payments to Beneficiary. Upon or at any time during the continuance of an Event of Default, a A demand on any tenant by Beneficiary for the payment of rent Rent (which Beneficiary agrees shall not be made except upon and during the continuance of an Event of Default) shall be sufficient to warrant said tenant to make future payments of rent Rent to Beneficiary without the necessity of any consent by Grantor.

Appears in 1 contract

Samples: Spansion Inc.

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Payments to Beneficiary. Upon or at any time during the continuance of an Event of Default, a A demand on any tenant by Beneficiary for the payment of rent Rent (which Beneficiary agrees shall not be made except upon and during the continuance of an Event of Default) shall be sufficient to warrant said tenant to make future payments of rent Rent to Beneficiary without the necessity of any consent by GrantorTrustor.

Appears in 1 contract

Samples: Spansion Inc.

Payments to Beneficiary. Upon or at any time and during the continuance of an Event of Default, a demand on any tenant by Beneficiary for the payment of rent shall be sufficient to warrant said tenant to make future payments of rent to Beneficiary without the necessity of any consent by Grantor.

Appears in 1 contract

Samples: Loan and Security Agreement (Sterling Construction Co Inc)

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