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. (b) All moneys received or collected pursuant to subsection (a) above shall be (i) released to the applicable Grantor so long as no Event of Default shall have occurred and be continuing or (ii) if any Event of Default shall have occurred and be continuing, applied as provided in Section 21(b).

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. (b) All moneys received or collected pursuant to subsection (a) above shall be (i) released to the applicable Grantor so long as no Event of Default shall have occurred and be continuing or (ii) if any Event of Default shall have occurred and be continuing, applied as provided in Section 21(b).

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 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. (b) All moneys received or collected pursuant to subsection (a) above shall be (i) released to the applicable Grantor so long as no Event of Default shall have occurred and be continuing or (ii) if any Event of Default shall have occurred and be continuing, applied as provided in Section 21(b).