Common use of Payments Under the Assigned Agreements Clause in Contracts

Payments Under the Assigned Agreements. (a) Each Grantor agrees, and as part of the consents such Grantor has agreed to request pursuant to Section 8(g) will instruct each other party to each Assigned Agreement which is the subject of such consent to agree, 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 shall be made directly to the Collateral Account.

Appears in 2 contracts

Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)

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Payments Under the Assigned Agreements. (a) Each Grantor agrees, agrees (and as part of the consents such Grantor has agreed to request pursuant to Section 8(g) will instruct each other party to each Assigned Agreement which is the subject of such consent to agree, ) 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 shall be made directly to 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 as part of the consents such Grantor has agreed to request pursuant to Section 8(g) will instruct effectively so instructed each other party to each Assigned Agreement which is the subject of such consent to agreeAgreement, that, upon the occurrence and during the continuance of an Event of Default, that all payments due or to become due under or in connection with such Assigned Agreement shall be made directly in accordance with the terms of the consents referred to the Collateral Accountin Section 7(g) above.

Appears in 2 contracts

Samples: Security Agreement (Icg Holdings Inc), Security Agreement (Icg Services Inc)

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Payments Under the Assigned Agreements. (a) Each Grantor agrees, and as part of the consents such Grantor has agreed to request pursuant to Section 8(g) will instruct request each other party to each Assigned Agreement which is the subject of such consent to agree, 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 shall be made directly to the Collateral Account.

Appears in 1 contract

Samples: Security Agreement (Itc Deltacom Inc)

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