Common use of Payments Under the Assigned Agreements Clause in Contracts

Payments Under the Assigned Agreements. (a) In addition to the other provisions of this Agreement, upon the occurrence of a Default under Section 8.01(a) or (f) of the Credit Agreement or an Event of Default, each Grantor agrees that, at the request of the Collateral Agent, it shall instruct each other party to each Assigned Agreement 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 a Cash Collateral Account. (b) All moneys received or collected pursuant to subsection (a) above shall be applied as provided in Section 22(b).

Payments Under the Assigned Agreements. (a) In addition to the other provisions of this Agreement, upon the occurrence of a Default under Section 8.01(a) or (f) of the Credit Agreement or an Parity Lien Event of Default, each Grantor agrees that, at the request of the Collateral AgentTrustee, it shall instruct each other party to each Assigned Agreement 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 a Cash Collateral Account. (b) All moneys received or collected pursuant to subsection (a) above shall be applied as provided in Section 22(b).

Payments Under the Assigned Agreements. (a) In addition to the other provisions of this Agreement, upon the occurrence of a Default under Section 8.01(a) or (f) of the Credit Agreement or an Event of Default, each Grantor agrees that, at the request of the Collateral Agent, it shall instruct each other party to each Assigned Agreement 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 a the Cash Collateral Account. (b) All moneys received or collected pursuant to subsection (a) above shall be applied as provided in Section 22(b).