Common use of Payment Directions Clause in Contracts

Payment Directions. A Payment Direction in the form of Exhibit G-1 is in full force and effect in respect of each Lock-box Account, a Payment Direction in the form of Exhibit G-2 is in full force and effect in respect of each Collection Account, and a Payment Direction in the form of Exhibit G-3 is in full force and effect in respect of the Omnibus Account, other than, in each case, to the extent any such Lock-Box Account, Collection Account or the Omnibus Account is subject to a Control Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (ADT Inc.), Receivables Purchase Agreement (ADT Inc.)