Payover. Subject to the First Lien Pledge, after the occurrence and during the continuation of an Event of Default, Debtor shall make payment of any Collateral which is due and owing to Debtor directly to Secured Party until the termination of this Security Agreement.
Appears in 2 contracts
Sources: Second Lien Security Agreement (Pledge), Second Lien Security Agreement (Pledge) (Gastar Exploration LTD)