PAYMENT OBLIGATIONS OF CONTRACTOR. (a) Except as provided in the Indenture and this Contract, Contractor shall not sell, lease, or in any way encumber title to or dispose of any Collateral without the prior written consent of Company. Provided, however, upon the disposition of Collateral upon Company’s consent, Contractor shall account fully and faithfully to the Company for proceeds from disposition of the Collateral in any manner and, following an Event of Default (defined below in this Section 8 – “Security Agreement”), shall pay or turn over promptly in cash, negotiable instruments, drafts, assigned accounts or chattel paper all the proceeds from each sale to be applied to any outstanding Prepayment amounts, subject if other than cash, to final payment or collection. Application of such proceeds to any outstanding Prepayment amounts shall be in the sole discretion of the Company, provided such application of proceeds is made by the Company in a reasonable manner.
PAYMENT OBLIGATIONS OF CONTRACTOR. Contractor shall pay from the proceeds it receives from SRTA its employees, agents, assigns, subcontractors and suppliers who provided any part of the Services.
