Common use of Payments to Collection Account Clause in Contracts

Payments to Collection Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all (solely with respect to non-agented Loan Assets), agent banks or administrative agents on the Loan Assets to make all payments in respect of the Collateral in the applicable Eligible Currency directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the "lead borrower" or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

Payments to Collection Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all (solely with respect to non-agented Loan Assets), agent banks or administrative agents on the Loan Assets to make all payments in respect of the Collateral in the applicable Eligible Currency directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the "“lead borrower" ” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

Payments to Collection Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all (solely Obligors, administrative agents or other agents, as applicable, with respect to non-agented a Loan Assets), agent banks or administrative agents on the Loan Assets to make all payments owing to the Borrower or otherwise owing in respect of any Loan and/or the Collateral in the applicable Eligible Currency Portfolio directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the "“lead borrower" ” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

Payments to Collection Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all (solely with respect to non-agented Loan Assets), agent banks or administrative agents on the Loan Assets to make all payments in respect of the Collateral in the applicable Eligible Currency directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the "lead borrower" or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.. 125