Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that all payments due or to become due under or in connection with such Assigned Agreement will be made directly to a Deposit Account.
Appears in 5 contracts
Samples: Security Agreement (Grubb & Ellis Co), Security Agreement (Grubb & Ellis Co), Security Agreement (Grubb & Ellis Co)
Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that all payments due or to become due under or in connection with such Assigned Agreement will be made directly to a Deposit Pledged Account.
Appears in 2 contracts
Samples: Security Agreement (Med E America Corp), Security Agreement (Accuride Corp)
Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that that, upon the occurrence and during the continuance of an Event of Default, all payments due or to become due under or in connection with such Assigned Agreement will be made directly to a Deposit the Collateral Account.
Appears in 2 contracts
Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)
Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that all payments due or to become due under or in connection with such Assigned Agreement will be made directly to a the Cash Reserve Accounts or an Other Deposit Account.
Appears in 1 contract
Samples: Pledge and Security Agreement (Marvel Enterprises Inc)
Payments Under the Assigned Agreements. (a) Each Grantor agrees, agrees and has effectively so instructed will ensure that each other party to each Assigned Agreement to which it is a party, party has been instructed that all payments due or to become due under or in connection with such Assigned Agreement will are to be made (a) directly to a Deposit AccountAccount that is subject to a Deposit Account Control Agreement or (b) to such Grantor, in which case such Grantor covenants to promptly deposit such payments in a Deposit Account that is subject to a Deposit Account Control Agreement.
Appears in 1 contract
Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that that, upon the occurrence and during the continuance of any Event of Default, all payments due or to become due to such Grantor under or in connection with such Assigned Agreement will be made directly to a Deposit Accountin accordance with the instructions of the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (Campus Crest Communities, Inc.)
Payments Under the Assigned Agreements. (a) Each Grantor agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that all payments due or to become due under or in connection with such Assigned Agreement will be made directly to a Deposit the Collateral Account.
Appears in 1 contract
Payments Under the Assigned Agreements. (a) Each Grantor -------------------------------------- agrees, and has effectively so instructed each other party to each Assigned Agreement to which it is a party, that all payments due or to become due under or in connection with such Assigned Agreement will shall be made directly to a Deposit the Cash Concentration Account.
Appears in 1 contract
Samples: Credit Agreement (Modus Media International Holdings Inc)
