Common use of Assignment-Notices Clause in Contracts

Assignment-Notices. The Assignment Notices will not as a matter of course be sent to the Obligors but in the event that the Bank considers that there has been a material adverse change In the status or business of the Assignor, the Bank may at any time at its sole discretion, reasonably exercised, send Assignment Notices to all or any Obligors In order to notify such Obligors of the assignment to the Bank of all or any Purchased Receivables owing by such Obligors. The Bank will not provide any Information on the detailed terms of its purchase of the Purchased Receivables to the Obligors without the prior written consent of the Assignor.