Common use of Direction to Account Debtors; Contracting Parties; etc Clause in Contracts

Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and during the continuance of an Event of Default, and if the Collateral Agent so directs any Assignor, such Assignor agrees (x) to cause all payments on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option and in accordance with applicable law, directly notify the obligors with respect to any Accounts and/or under any Contracts to make payments with respect thereto as provided in preceding clause (x), and (z) that the Collateral Agent may, in accordance with applicable law, enforce collection of any such Accounts or Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor, provided that this sentence shall not apply to Accounts owed to St. Luke's Sub to the extent (and only to the extent) that such action is prohibited by the St. Luke's Lease. Upon the occurrence and during the continuance of an Event of Default, without notice to or assent by any Assignor, the Collateral Agent may apply, in accordance with applicable law, any or all amounts then in, or thereafter deposited in, the Cash Collateral Account in the manner provided in Section 7.4 of this Agreement. The costs and expenses (including attorneys' fees) of collection, whether incurred by any Assignor or the Collateral Agent, shall be borne by such Assignor.

Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and during the continuance of an Event of Default, and if the Collateral Agent so directs any Assignor, such Assignor agrees (x) to cause all payments on account of the Accounts Receivables, Chattel Paper, Instruments and Contracts to be made directly to a lockbox or blocked account subject to a tri-party agreement pursuant to Section 2.9 of the Cash Bank Credit Agreement or to such cash collateral account or other account as Collateral AccountAgent shall require, (y) that the Collateral Agent may, at its option and in accordance with applicable lawoption, directly notify the obligors with respect to any Accounts Receivables and/or under any Contracts to make payments with respect thereto as provided in preceding clause (x), and (z) that the Collateral Agent may, in accordance with applicable law, may enforce collection of any such Accounts or Receivables, Chattel Paper, Instruments and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor, provided that this sentence shall not apply to Accounts owed to St. Luke's Sub to the extent (and only to the extent) that such action is prohibited by the St. Luke's Lease. Upon the occurrence and during the continuance of an Event of Default, without notice to or assent by any Assignor, the Collateral Agent may apply, in accordance with applicable law, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account any such account in the manner provided in Section 7.4 of this Agreement9.4 hereof. The costs and expenses (including attorneys' ’ fees) of collection, whether incurred by any the Assignor or the Collateral Agent, shall be borne by such Assignor.

Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and during the continuance of an Event of Default, and if the Collateral Agent so directs any Assignor, to the extent permitted by applicable law, such Assignor agrees (x) to cause all payments on account of the Accounts Receivables and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option and in accordance with applicable lawoption, directly notify the obligors with respect to any Accounts Receivables and/or under any Contracts to make payments with respect thereto as provided in preceding clause (x), and (z) that the Collateral Agent may, in accordance with applicable law, may enforce collection of any such Accounts or Receivables and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor, provided that this sentence shall not apply to Accounts owed to St. Luke's Sub to the extent (and only to the extent) that such action is prohibited by the St. Luke's Lease. Upon the occurrence and during the continuance of an Event of Default, without Without notice to or assent by any Assignor, the Collateral Agent may apply, in accordance with applicable law, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account which application shall be effected in the manner provided in Section 7.4 of this Agreement. The reasonable out-of-pocket costs and expenses (including reasonable out-of-pocket attorneys' fees) of collection, whether incurred by any an Assignor or the Collateral Agent, shall be borne by such Assignorthe Assignors.

Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and during the continuance of an Event of Default, and if the Collateral Agent so directs any Assignor, such Assignor agrees (x) to cause all payments on account of the Accounts Receivables and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option and in accordance with applicable law, directly notify the obligors with respect to any Accounts Receivables and/or under any Contracts to make payments with respect thereto as provided in preceding clause (x), and (z) that the Collateral Agent may, in accordance with applicable law, enforce collection of any such Accounts Receivables or Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor, provided that this sentence shall not apply to Accounts Receivables owed to St. Luke's Sub to the extent (and only to the extent) that such action is prohibited by the St. Luke's Lease. Upon the occurrence and during the continuance of an Event of Default, without notice to or assent by any Assignor, the Collateral Agent may apply, in accordance with applicable law, any or all amounts then in, or thereafter deposited in, the Cash Collateral Account in the manner provided in Section 7.4 of this Agreement. The costs and expenses (including attorneys' fees) of collection, whether incurred by any Assignor or the Collateral Agent, shall be borne by such Assignor.