Examples of Payment Direction Notice in a sentence
The Court directs account debtors (except Phillips 66) to comply with the Payment Direction Notice by turning over property of the estate in accordance with Bankruptcy Code section 542(b).
The Borrowers and the Guarantors (other than the Inactive Guarantors) shall deliver to each Credit Card Obligor a Credit Card Depository Account Agreement substantially in the form annexed as Exhibit J hereto (the "Credit Card Depository Account Agreement") and the Payment Direction Notice substantially in the form annexed as Exhibit J-1 hereto.
LV and the Holders will not give Bank a Payment Direction Notice (as defined in the Block Account Agreement) on or prior to the Sale Date.
The Agent may, and at the direction of the Majority Lenders will, provide a Payment Direction Notice at any time that an Event of Default exists or Aggregate Availability is less than $20,000,000.
Account debtors (except Phillips 66) shall not have any liability to Producers or Pre-Petition Secured Parties with respect to the making of a payment directly to the Debtor in compliance with the Payment Direction Notice.