{"component": "definition", "props": {"groups": [{"snippet": "means that certain letter agreement dated as of the Effective Date regarding \u201cPayment Direction Instruction Regarding Inventory Sale Agreement\u201d by and among PBFH, MSCG and \u2587\u2587\u2587\u2587.", "snippet_links": [{"key": "letter-agreement", "type": "definition", "offset": [19, 35]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [42, 66]}, {"key": "payment-direction", "type": "clause", "offset": [78, 95]}, {"key": "inventory-sale-agreement", "type": "definition", "offset": [118, 142]}], "size": 10, "samples": [{"hash": "jL0nfiuEQNY", "uri": "/contracts/jL0nfiuEQNY#payment-direction-letter", "label": "Inventory Intermediation Agreement and Step Out Agreement (PBF Holding Co LLC)", "score": 34.4893913269, "published": true}, {"hash": "k8q9xcbnQAn", "uri": "/contracts/k8q9xcbnQAn#payment-direction-letter", "label": "Inventory Intermediation Agreement (PBF Holding Co LLC)", "score": 32.8220405579, 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Properties.", "If an Individual Property shall Go Dark, the Master Lessee shall nonetheless be required to make into the Holding Account without reduction the full Master Lease Rent payment as and when required under the Master Lease and the Master Lease Rent <strong>Payment Direction Letter</strong> with respect to all Individual Properties.", "Pursuant to the Master Lease and the Master Lease Rent <strong>Payment Direction Letter</strong> all Master Lease Scheduled Rent shall at all times during the term of the Loan be made directly to the Holding Account, and none of the foregoing payments of Master Lease Rent shall be deemed made until such payment has been deposited into the Holding Account.", "Without the prior written consent of Lender, neither Borrower nor Manager shall (i) terminate, amend, revoke or modify any Credit Card <strong>Payment Direction Letter</strong> in any manner or (ii) direct or cause any Credit Card Company to pay any amount in any manner other than as specifically provided in the related Credit Card <strong>Payment Direction Letter</strong>.", "The Borrower or Guarantors shall deliver a <strong>Payment Direction Letter</strong> (as defined in the Cash Collateral Agreement) to each new tenant of a Lease entered into after the date hereof.", "The Administrative Agent has received evidence satisfactory to it that the aggregate amount payable by the Seller to the Natixis Lender and the other parties to the Natixis Credit Facility to terminate the Natixis Credit Facility and to secure the release of the Lien of the Natixis Collateral Agent over the Initial Portfolio Investments, which will be paid by the Lenders in accordance with the <strong>Payment Direction Letter</strong>, is not greater than U.S.$150,000,000.", "To facilitate the sale of the Initial Portfolio Investments to the Company and the release of the Lien of the Natixis Collateral Agent over the Initial Portfolio Investments, the proceeds of the initial Advance will be paid pursuant to the <strong>Payment Direction Letter</strong>.", "Payment of the proceeds of the initial Advance by the Lenders in accordance with the instructions set forth in the <strong>Payment Direction Letter</strong> will constitute the making of the Advance to the Company for all purposes and all obligations of the Lenders to make such Advance shall be satisfied thereby.", "If the Lenders are required to make an Advance to the Company as provided in Section 2.03, then each Lender shall make such Advance on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the Collateral Agent for deposit to the Collection Account; provided that the Company hereby directs the Lenders to pay the proceeds of the initial Advance hereunder in accordance with the directions set forth in the <strong>Payment Direction Letter</strong>.", "If such amount is owed to DCR then DCR may, at its election, direct that all or a portion of such amount be paid by \u2587\u2587\u2587\u2587 to MSCG on DCR\u2019s behalf in accordance with the <strong>Payment Direction Letter</strong>."], "related": [["instruction-letter", "Instruction Letter", "Instruction Letter"], ["account-designation-letter", "Account Designation Letter", "Account Designation Letter"], ["designation-letter", "Designation Letter", "Designation Letter"], ["special-instruction-form", "Special Instruction Form", "Special Instruction Form"], ["termination-letter", "Termination Letter", "Termination Letter"]], "related_snippets": [], "updated": "2026-07-04T05:45:54+00:00"}, "json": true, "cursor": ""}}