Collection of Distributions a. It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Notwithstanding the foregoing, the Agent hereby grants to Assignor a license to receive, collect and apply any Distributions that are made at any time other than when an Event of Default has occurred and is continuing. If an Event of Default has occurred and is continuing, Assignor hereby agrees that such license shall be revoked, and hereby irrevocably directs the Company that any payments under or with respect to the Distributions made at any time thereafter shall be made and governed, as follows. Payments under or with respect to the Distributions shall be made as follows:
Collection of Distributions. (a) It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows:
Collection of Distributions. (a) It is acknowledged and agreed by the parties hereto that Lender shall have sole and exclusive possession of the Distributions and that this Agreement constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows: (i) Assignor shall have no right to receive payments made under or with respect to the Distributions, and all such payments shall be delivered directly by the Company to Lender.
Collection of Distributions. The Depositary shall take such actions as are feasible and necessary to facilitate the collection of distributions in respect of any Deposited Securities, including the delivery to an office of the Company in Turkey of any relevant coupon attached to the Deposited Securities to which such distributions relate. In the event the Company shall offer or cause to be offered to the Owners of any Deposited Securities any rights to subscribe for any additional Shares or any rights of any other nature, which the Depositary has determined are lawful and feasible to offer to such Owners as set forth in Section 4.04 hereunder, and in the event the subscription price for such rights exercised will be funded by a cash distribution in respect of such Deposited Securities, which distribution shall occur on or about the same time as the announcement of such rights offering or the expiration of the subscription period therefore, the Depositary may, at its discretion, postpone the collection of such distribution from the Company until the expiration of the subscription period for such rights.
Collection of Distributions. At any time following the registration of the Charged Property in the name of Agent or its nominee in accordance with Clause 4.2.1, Agent shall not be under any duty to ensure that any dividends, distributions or other monies payable in respect of the Charged Property are duly or promptly paid or received by it or its nominee, or to verify that the correct amounts are paid or received, or to take any action in connection with the taking up of any (or any offer of any) stocks, shares, rights, monies or other property paid, distributed, accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise on, or in respect of or in substitution for, any of the Charged Property.
Collection of Distributions. ARTICLE 5.
Collection of Distributions. Subject to any provisions of the Indenture, this Agreement or any other Collateral Documents, including any intercreditor agreement or other agreement describing the rights of the Trustee relative to other creditors of the Grantor, the Trustee may at any time after the occurrence and during the continuation of an Event of Default, by giving the Grantor written notice, elect to require that any dividends or distributions paid on the Collateral be paid directly to the Trustee for the benefit of the Holders. In such event, the Grantor shall, and shall permit the Trustee to, promptly notify the applicable issuer of the Trustee’s interest therein and direct such issuer to make payment of all amounts then or thereafter paid directly to the Trustee. Upon receipt of any such notice from the Trustee, the Grantor shall thereafter hold in trust for the Trustee, on behalf of the Holders, all dividend or distributions received by it with respect to the Collateral and immediately and at all times thereafter deliver to the Trustee all such amounts in the same form as so received, whether by cash, check, draft or otherwise, with any necessary endorsements. The Trustee shall hold and apply funds so received as provided by the terms of Section 7.2.
Collection of Distributions. Assignment of Interests (Condor) 102175686\V-9 102175686\V-9
Collection of Distributions. At any time following the registration of the Securities or Derivative Assets in the name of the Lender or its nominee in accordance with Clause 4.2(a), the Lender shall not be under any duty to ensure
Collection of Distributions. (k) It is acknowledged and agreed by the parties hereto that the Agent shall have sole and exclusive possession of the Distributions and that this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the K-3 execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows:
