Common use of Right of Administrative Agent to Notify Issuers Clause in Contracts

Right of Administrative Agent to Notify Issuers. At any time during the continuance of an Event of Default and at such other times as Administrative Agent is entitled to receive Distributions and other property constituting Collateral pursuant to the terms of this Agreement, Administrative Agent may notify issuers of the Collateral to make payments of the applicable Distributions directly to Administrative Agent and Administrative Agent may take control of all applicable proceeds of any Collateral. Until Administrative Agent elects to exercise such Right, during the continuance of an Event of Default, Pledgor, as agent of Administrative Agent, shall collect and segregate all Distributions and other amounts paid or distributed with respect to the Collateral.

Right of Administrative Agent to Notify Issuers. At any time during the continuance of an Event of Default and at such other times as Administrative Agent is entitled to receive Distributions Dividends and other property constituting Collateral pursuant to in respect of the terms of this AgreementSecurities Collateral, Administrative Agent may notify issuers of the Securities Collateral to make payments of the applicable Distributions all Dividends directly to Administrative Agent and Administrative Agent may take control of all applicable proceeds of any Securities Collateral. Until Administrative Agent elects to exercise such Rightrights, during the continuance of an Event of Default, PledgorDebtor, as agent of Administrative Agent, shall collect and segregate all Distributions Dividends and other amounts paid or distributed with respect to the Securities Collateral.

Right of Administrative Agent to Notify Issuers. At any time during the continuance of an Event of Default and at such other times as Administrative Agent is entitled to receive Distributions and other property constituting Collateral pursuant to the terms of this Agreement, Administrative Agent may notify issuers of the Collateral to make payments of the applicable Distributions directly to 148 Administrative Agent and Administrative Agent may take control of all applicable proceeds of any Collateral. Until Administrative Agent elects to exercise such Right, during the continuance of an Event of Default, Pledgor, as agent of Administrative Agent, shall collect and segregate all Distributions and other amounts paid or distributed with respect to the Collateral.