Payments and Proceeds. 5.1 Before or after default under this Security Agreement, the Holder may notify all or any Account Debtors of the security constituted by this Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Holder.
Payments and Proceeds. In the event that the Senior Note Trustee ever receives any amounts pursuant to this Pledge Agreement, or otherwise receives any amounts with respect to the Pledged Collateral following the occurrence of an Event of Default, such amounts shall first be applied to the reasonable costs and expenses, including attorneys' fees, incurred by the Senior Note Trustee in taking such action and thereafter shall be applied by the Senior Note Trustee as provided in the Senior Note Indenture. After payment in full of all Indenture Obligations, the remaining proceeds from any foreclosure hereunder shall be paid to the Pledgor, or its successors or assigns, or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, any surplus then remaining from such Proceeds.
Payments and Proceeds. If, at any time on or after Closing, any Seller receives any asset or any proceed in respect of any Acquired Asset, whether or not in payment of any sum due to Buyer, or otherwise comes into possession of any Acquired Asset or product or proceed thereof, such Seller shall turn over such asset or proceed to Buyer and pending such turn over, the Seller shall hold such asset or proceed in trust for Buyer’s benefit.
Payments and Proceeds. 5.1 Subject to the rights of the holders of the Permitted Senior Encumbrances, after default under this Security Agreement, the Secured Party may notify all or any debtors on any Account (“Account Debtors”) of the security constituted by this Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Secured Party.
Payments and Proceeds. 6.1 Before or after default under this General Security Agreement, the Lender may notify all or any Account Debtors of the security constituted by this General Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Lender.
Payments and Proceeds. All distributions to the Trustee with respect to the Pledged Collateral after the occurrence of an Event of Default shall first be applied to the reasonable costs and expenses, including attorneys' fees, incurred by the Trustee in taking such foreclosure action and thereafter shall be applied by the Trustee as provided in the Indenture. After payment in full of all Indenture Obligations, the remaining proceeds from any foreclosure hereunder shall be paid to the Pledgor, or its successors or assigns, or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, any surplus then remaining from such Proceeds.
Payments and Proceeds. 5.1 Subject to the rights of the holders of any Permitted Senior Encumbrances, after default under this General Security Agreement, the Lender may notify all or any Account Debtors of the security constituted by this General Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Lender. VI.
Payments and Proceeds. 5.1 After default under this General Security Agreement, the Bank may notify all or any Account Debtors of the security constituted by this General Security Agreement and may also direct such Account Debtors to make all payments on the Collateral to the Bank.
Payments and Proceeds. (a) The Target Parties are currently receiving from all purchasers of production from all Ownership Interests revenues not less than the Net Revenue Interest described in Schedule 3.20(b) of the Disclosure Schedules with respect thereto.
Payments and Proceeds. All funds collected pursuant to Section 0 and reported to Administrative Agent as provided in Section 0, will be distributed by Administrative Agent as provided in Section 0 on the next Settlement Date following Administrative Agent's actual receipt of such funds as provided in Section 0. For purposes of calculation of the Maximum Available Amount and Completion of the Borrowing Base Certificate pursuant to Section 0, such funds will be deemed received on the immediately following Business Day, and distributed by Administrative Agent on a Settlement Date as provided in Section 0. The amount so distributed to a Lender will be applied by such Lender to the relevant Loan Obligation on the Business Day when received. Borrower will also pay to Administrative Agent, for its own account, such fees as Administrative Agent generally charges its customers for each check returned unpaid for insufficient funds (an "NSF check") (such payment repays Administrative Agent's estimated administrative costs; it does not waive any Default or Event of Default caused by the NSF check).
