Common use of Payments Under the Assigned Agreements Clause in Contracts

Payments Under the Assigned Agreements. (a) Upon the occurrence and during the continuation of a Specified Default at the request of the Administrative Agent, each Grantor agrees to instruct each other party to each Assigned Agreement (or such Assigned Agreements as the Administrative Agent shall specify) 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 the Collateral Account.

Payments Under the Assigned Agreements. (a) Upon the occurrence The Grantor agrees, and during the continuation of a Specified Default at the request of the Administrative Agent, each Grantor agrees to instruct has effectively so instructed each other party to each Assigned Agreement (or Agreement, that upon written notice by the Agent to such Assigned Agreements as other party following the Administrative Agent shall specify) to which it is a party that 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 shall be made directly to the Collateral AccountAgent at its address set forth in Section 15 hereof (or to such account as the Agent shall direct in writing).

Payments Under the Assigned Agreements. (a) Upon In addition to the occurrence other provisions of this Agreement, if an Event of Default shall have occurred and during the continuation of a Specified Default at the request of the Administrative Agentbe continuing, each Grantor agrees to agrees, and that, if requested by the Collateral Agent, it shall instruct each other party to each Assigned Agreement (or such Assigned Agreements as the Administrative Agent shall specify) to which it is a party party, that all payments due or to become due under or in connection with such Assigned Agreement will be made directly to as directed by the Collateral AccountAgent.