Common use of Payments Assigned Clause in Contracts

Payments Assigned. The Borrower consents to the assignment of the rights of the Authority assigned under this Agreement to the Trustee and agrees to pay to the Trustee all amounts payable by the Borrower pursuant to the Basic Documents, except for amounts payable directly to the Authority and others pursuant to Sections 8.5 and 8.6 of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Sherwood Brands Inc), Loan Agreement (Sherwood Brands Inc)

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Payments Assigned. The Borrower consents to the assignment made by the Indenture to the Trustee of the Notes and of certain of the rights of the Authority assigned under this Agreement to the Trustee and Loan Agreement. The Borrower agrees to pay to the Trustee all amounts payable by the Borrower pursuant to the Basic DocumentsNotes and this Loan Agreement, except for amounts payable directly payments made to the Authority and others pursuant to Sections 8.5 4.1(b)(2), 4.5, 5.5 and 8.6 of this Agreement6.5.

Appears in 1 contract

Samples: Loan Agreement (Commonwealth Biotechnologies Inc)

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Payments Assigned. The Borrower consents to the assignment ----------------- of the certain rights of the Authority assigned Issuer under this Agreement to the Trustee and agrees to pay or cause to be paid to the Trustee all amounts payable by the Borrower pursuant to the Basic Bond Documents, except for amounts payable directly to the Authority Issuer and others pursuant to Sections 8.5 8.3 and 8.6 8.4 of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pen Tab Industries Inc)

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