Payments Under the Assigned Agreement Clause Samples
The "Payments Under the Assigned Agreement" clause defines how financial obligations are handled when an agreement is transferred from one party to another. Typically, it specifies which party is responsible for making or receiving payments after the assignment takes effect, and may outline procedures for notifying the relevant parties or redirecting payment flows. This clause ensures that all parties understand who is entitled to payments and who must fulfill payment obligations, thereby preventing disputes and maintaining continuity in financial transactions after the assignment.
Payments Under the Assigned Agreement. Contracting Party shall pay all amounts (if any) payable by it under the Assigned Agreement to Assignor in the manner and as and when required by the Assigned Agreement directly into the account specified from time to time by Agent to Contracting Party in writing. Notwithstanding the foregoing, if any entity or person has become a Subsequent Owner pursuant to the terms hereof, then Contracting Party shall pay all such amounts directly to an account designated by Subsequent Owner.
Payments Under the Assigned Agreement. Sabine shall pay all amounts (if any) payable by it under the Assigned Agreement in the manner and as and when required by the Assigned Agreement directly into the account specified on Exhibit A hereto, or to such other person, entity or account as shall be specified from time to time by the Collateral Agent to Sabine in writing.
Payments Under the Assigned Agreement. If the Collateral Agent has elected to exercise remedies under the Security Agreement in connection with a default, CHS will pay all amounts payable by it under the Assigned Agreement, if any, in lawful money of the United States of America, in immediately available funds, directly into the account or to such other person or account as may be specified from time to time by Collateral Agent to CHS in writing.
Payments Under the Assigned Agreement. (a) The Grantor agrees, and has effectively so instructed the Parent that upon the occurrence and during the continuance of an Event of Default (as defined in the Indenture) or any event that, with the passage of time or the giving of notice, or both, would become an Event of Default, subject to the subordination provision set forth in Section 15, all payments due or to become due under or in connection with the Assigned Agreement shall be made directly to the Lenders, as applicable, at their respective addresses set forth in Section 12.
(b) All moneys received or collected pursuant to subsection (a) above shall be applied ratably to the Obligations owed to the Lenders in accordance with the terms hereof.
Payments Under the Assigned Agreement. The Consenting Party will pay all amounts payable by it under the Assigned Agreement, if any, in the manner required by the Assigned Agreement directly into the account as shall be specified from time to time by the Agent to the Consenting Party in writing. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except as specifically permitted under the Assigned Agreement.
Payments Under the Assigned Agreement. CQP shall pay all amounts (if any) payable by it under the Assigned Agreement in the manner and as and when required by the Assigned Agreement directly into the account specified on Exhibit A hereto, or to such other person, entity or account as shall be specified from time to time by the Collateral Agent to CQP in writing.
Payments Under the Assigned Agreement. If the Company, the Trustee (or any Trustee Designee) or any Subsequent Developer, as applicable, has assumed Delta’s rights and obligations under the Assigned Agreement pursuant to Section 1.2, above, the Contracting Party shall pay all amounts payable by it to Delta under, in connection with, or in respect of, the Assigned Agreement in the manner and as and when required by the Assigned Agreement to such other person, entity or account as shall be specified from time to time by the Company, the Trustee (or any Trustee Designee) or any Subsequent Developer, as applicable, to the Contracting Party in writing. Nothing in this Section 2 shall impose an obligation upon the Contracting Party to make payments under the Assigned Agreement other than such obligations as may arise under, or in respect of, or in connection with the Assigned Agreement.
Payments Under the Assigned Agreement. Borrower has requested and hereby authorizes and directs and SRP agrees to pay all amounts (if any) payable by it under the Assigned Agreement in the manner and as and when required by the Assigned Agreement directly into the account specified from time to time by Lender to SRP in writing. Such payments by SRP shall satisfy the corresponding payment obligations of SRP to Borrower under the Assigned Agreement. To the extent that SRP has made payment into the account designated by Lender as provided herein, Borrower shall indemnify and hold harmless SRP for, from and against any and all claims, demands, expenses or liabilities for, or associated with, such payments to Borrower under the Assigned Agreement.
Payments Under the Assigned Agreement. Payments. The Contract Party will pay all amounts payable by it under the Assigned Agreement in the manner and as and when required by the Assigned Agreement directly into the appropriate account specified on Exhibit A hereto, or to such other person or account as shall be specified from time to time by the Financing Parties to the Contract Party in writing.
Payments Under the Assigned Agreement. The Grantor agrees, and has effectively so instructed the Parent that upon the occurrence and during the continuance of an Event of Default, all payments due or to become due under or in connection with the Assigned Agreement shall be made directly to the Agent at its address set forth in Section 15.