Common use of Payments to General Collection Account Clause in Contracts

Payments to General Collection Account. On or before the applicable Cut-Off Date, the Borrower or the Collateral Manager, as applicable, shall have instructed all Obligors and paying agents of Agented Loans to make all payments owing to the Borrower in respect of the Collateral directly to the General Collection Account in accordance with Section 2.9; provided that neither the Borrower nor the Collateral Manager is required to so instruct any Obligor which is solely a guarantor unless and until the Collateral Manager (on behalf of the Borrower) directly calls on the related guaranty.

Payments to General Collection Account. On or before the applicable Cut-Off Date, the Borrower or the Collateral Manager, as applicable, shall have instructed all Obligors and paying agents of Agented Loans to make all payments owing to the Borrower in respect of the Collateral directly to the General Collection Account in accordance with Section 2.92.9 ; provided that neither the Borrower nor the Collateral Manager is required to so instruct any Obligor which is solely a guarantor unless and until the Collateral Manager (on behalf of the Borrower) directly calls on the related guaranty.

Payments to General Collection Account. On or before the applicable Cut-Off Funding Date, the Borrower or the Collateral Loan Manager, as applicable, shall have instructed all Obligors and paying agents of Agented Loans to make all payments owing to the Borrower in respect of the Collateral directly to the General Collection Account in accordance with Section 2.9; provided that neither the Borrower nor the Collateral Loan Manager is required to so instruct any Obligor which is solely a guarantor unless and until the Collateral Loan Manager (on behalf of the Borrower) directly calls on the related guaranty.