Payments Directly to Lender Sample Clauses

Payments Directly to Lender. The Lender may at any time and from time to time following the occurrence and during the continuation of an Event of Default notify, or request the Company to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Accounts or Assigned Contracts to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Company, the Company shall hold all such payments it receives in trust for the Lender, without commingling the same with other funds or property of or held by the Company, and shall promptly deliver the same to the Lender, or any such agent or designee, immediately upon receipt by the Company in the identical form received, together with any necessary endorsements.
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Payments Directly to Lender. Upon the occurrence, and during the continuation, of an Event of Default, the Lender may at any time and from time to time notify, or request the Guarantor to notify, in writing or otherwise, any account debtor or other obligor with respect to any one or more of the Accounts or Assigned Contracts to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender. If, notwithstanding the giving of any notice, any account debtor or other such obligor shall make payment to the Guarantor, the Guarantor shall hold all such payments it receives in trust for the Lender, without commingling the same with other funds or property of or held by the Guarantor, and shall promptly deliver the same to the Lender, or any such agent or designee, immediately upon receipt by the Guarantor in the identical form received, together with any necessary endorsements.
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Payments Directly to Lender. The Lender may at any time and --------------------------- from time to time after the occurrence of an Event of Default notify, or request the Borrowers to notify, in writing or otherwise, any Account Debtor or other obligor with respect to any one or more of the Receivables to make payment to the Lender or any agent or designee of the Lender directly, at such address as may be specified by the Lender.
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Payments Directly to Lender. Notwithstanding any provision in the Operating Lease or otherwise in any of the Lease Documents to the contrary, Operating Lessee shall pay directly to Lender each month on or before its due date any payment required to be made to Lender under the Trust Loan Documents. New Borrower shall be entitled to payment of any sums due under the Lease Documents only after Lender has received payment in full of the sums then due under the Trust Loan Documents. If the software used by the applicable master servicer or its sub-servicer of the Loan for administration of Loan payments can accommodate multiple notice parties, Lender shall request that the master servicer or such sub-servicer send any monthly payment notices to the EMERITUS Parties at the addresses set forth in Section 18.
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Related to Payments Directly to Lender

  • Payments Directly to Swingline Lender The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

  • Payments Directly to Swing Line Lender The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

  • Accounts Disbursements and Releases Section 7.01.

  • Payment to Lenders Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

  • Payment Permitted in Certain Situations Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the Company referred to in Section 1502 or under the conditions described in Section 1503 or Section 1504, from making payments at any time of or on account of the principal of (and premium, if any) or interest on the Securities, or on account of the purchase or other acquisition of Securities, or (b) the application by the Trustee of any money deposited with it hereunder to the payment of or on account of the principal of (and premium, if any) or interest on the Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such payment would have been prohibited by the provisions of this Article.

  • Coordination, Oversight and Monitoring of Service Providers As set forth in the Administrative Services Agreement between the Fund and CRMC, CRMC shall coordinate, monitor and oversee the activities performed by the Service Providers with which AFS contracts. AFS shall monitor Service Providers’ provision of services including the delivery of Customer account statements and all Fund-related material, including summary prospectuses and/or prospectuses, shareholder reports, and proxies.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding (but without limiting the requirement in Section 8.4 that the notice of any optional prepayment specify a Business Day as the date fixed for such prepayment), any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Note is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.

  • Payments Due The weighted average of the number of Contract Scheduled Payments that have been due under the Contracts since origination is at least 1.

  • Information to Lenders Promptly following any change in Letters of Credit outstanding, the Issuing Bank shall deliver to the Administrative Agent, who shall promptly deliver the same to each Lender and the Borrower, a notice describing the aggregate amount of all Letters of Credit outstanding at such time. Upon the request of any Lender from time to time, the Issuing Bank shall deliver any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding. Other than as set forth in this subsection, the Issuing Bank shall have no duty to notify the Lenders regarding the issuance or other matters regarding Letters of Credit issued hereunder. The failure of the Issuing Bank to perform its requirements under this subsection shall not relieve any Lender from its obligations under the immediately preceding subsection (j).

  • Payments Pursuant to Letters of Credit The Borrower agrees to reimburse immediately the Letter of Credit Issuer for any draw under any Letter of Credit and the Agent for the account of the Lenders upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such borrowing shall be the date of such drawing.

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