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.

Appears in 2 contracts

Samples: Security Agreement (Del Monte Foods Co), Credit Agreement (Del Monte Foods Co)

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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.

Appears in 1 contract

Samples: Security Agreement (Del Monte Foods Co)

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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.

Appears in 1 contract

Samples: Security Agreement (Del Monte Foods Co)

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