Common use of Sharing of Certain Payments Clause in Contracts

Sharing of Certain Payments. Except for Excepted Payments, the parties hereto acknowledge and agree that all payments due and owing by the Lessee or any other Credit Party to the Lessor under the Lease or any of the other Operative Agreements shall be made by the Lessee or such other Credit Party directly to the Agent as more particularly provided in Section 8.3 hereof.

Appears in 2 contracts

Sources: Participation Agreement (Convergys Corp), Participation Agreement (Convergys Corp)

Sharing of Certain Payments. Except for Excepted Payments, the The parties hereto acknowledge and agree that all payments due and owing by the Lessee or any other Credit Party to the Lessor under the Lease or any of the other Operative Agreements shall be made by the Lessee or such other Credit Party directly to the Agent on behalf of the Financing Parties as more particularly provided in Section 8.3 hereof7.

Appears in 1 contract

Sources: Participation Agreement (Tech Data Corp)