Common use of Payments Under the Assigned Agreements Clause in Contracts

Payments Under the Assigned Agreements. (a) Each Grantor agrees that, after the occurrence of any payment default or after the Lenders have elected to exercise their remedies under Section 8.02 of the Credit Agreement, all payments due or to become due under or in connection with any Assigned Agreement will be made directly to a cash collateral account or as otherwise directed by the Administrative Agent. (b) All moneys received or collected pursuant to Section 16(a) above shall be applied as provided in Section 21(b).

Payments Under the Assigned Agreements. (a) Each Grantor agrees that, after the occurrence of any payment default or after the Lenders have elected to exercise their remedies under Section 8.02 9.2 of the Credit Agreement, all payments due or to become due under or in connection with any such Assigned Agreement will be made directly to a cash collateral account or as otherwise directed by the Administrative AgentCash Collateral Account. (b) All moneys received or collected pursuant to Section 16(a) above shall be applied as provided in Section 21(b22(b).

Payments Under the Assigned Agreements. (a) Each Grantor agrees that, after the occurrence of any payment default or after the Lenders have elected to exercise their remedies under Section 8.02 of the Credit Agreement, all payments due or to become due under or in connection with any such Assigned Agreement will be made directly to a cash collateral account or as otherwise directed by the Administrative AgentCash Collateral Account. (b) All moneys received or collected pursuant to Section 16(a) above shall be applied as provided in Section 21(b).