Common use of Appointment of the Disbursement Agent Clause in Contracts

Appointment of the Disbursement Agent. The Disbursement Agent is hereby appointed by the Company, the Collateral Agent, and the Administrative Agent as disbursement agent hereunder, and the Disbursement Agent hereby agrees to act as such and to instruct the applicable Account Bank to deposit into, or disburse from, the applicable Accounts all cash, payments and other amounts to be deposited into any applicable Account or to be disbursed from any applicable Account pursuant to the terms of this Agreement.

Appointment of the Disbursement Agent. The Disbursement Agent is hereby appointed by the Company, the Collateral Agent, Borrower and the Administrative Agent (acting at the direction of the Facility Manager) as disbursement agent hereunder, and the Disbursement Agent hereby ▇▇▇▇▇▇ agrees to act as such and to instruct the applicable Account Bank accept and promptly cause to deposit be deposited into, or disburse withdrawn from, the applicable Accounts all cash, payments and other amounts to be deposited delivered to the Disbursement Agent for deposit into any applicable such Account or to be disbursed withdrawn from any applicable such Account pursuant to the terms of this Agreement.