Authority to collect Sample Clauses

Authority to collect. 4.1. The authority to collect dividends, distributions from reserves, repayments of capital and all other distributions and payments in any form, which, at any time, during the term of the Right of Pledge, become payable on any one or more of the Shares, shall accrue to the Pledgee, as provided for in Section 3:246 of the CCC, subject to the termination and/or release of the Existing Rights of Pledge.
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Authority to collect. 7.1 The Security Trustee is authorised to collect the Mortgage Receivables and the Beneficiary Rights relating thereto and to exercise fully all rights which the CBC has thereunder vis-à-vis the relevant Borrowers, the Insurance Companies and any third parties, provided, however, that no such right to collect a Mortgage Receivable and the Beneficiary Right relating thereto, may be exercised by the Security Trustee until notification of the right of pledge on such Mortgage Receivables and the Beneficiary Rights relating thereto to the relevant Borrowers and Insurance Companies has taken place.
Authority to collect. The Borrower shall take and shall direct other Persons to take all steps necessary to cause all Collateral Proceeds, including the Netflix License Fee, to be paid (as directed by the Lender) directly by Netflix or other obligor thereof to the Collection Account or to the Lender for deposit into the Collection Account to be applied by the Lender to the repayment of the Obligations. All collections received in the Collection Account or directly by the Borrower or its Affiliates or the Lender, and all funds in any other account to which such collections are deposited, shall, be the sole property of the Lender and subject to the Lender’s sole control.
Authority to collect. Until the occurrence of an Event of Default, each Obligor (i) shall, at its own expense, endeavor to collect, as and when due, all amounts due to such Obligor with respect to the Collateral, including the taking of any action with respect to such collection as the Agent may reasonably request, or, in the absence of such request, as such Obligor may deem advisable and (ii) may grant, in the ordinary course of business, to any account debtor, any rebate, refund or allowance to which such account debtor may lawfully be entitled, and may accept, in connection therewith, the return of Hydrocarbons, the sale of which shall have given rise to Accounts.
Authority to collect. Collection by Pledgee The Pledgee is authorised to collect the Collateral and to enter into compromises, settlements and other agreements with one or more Debtors, to grant discharge in respect of the Collateral and to exercise all other rights of the Pledgor in connection with the Collateral (including calling in the Collateral).
Authority to collect. Except as otherwise hereinafter set forth, unless and until the occurrence of an event which constitutes an Event of Default hereunder or which upon the giving (or receiving) of notice or the lapse of time or both would constitute such an Event of Default, the Debtors shall continue to collect, at their own expense, all amounts due and to become due under any accounts, chattel paper, or general intangibles and in connection therewith may take such action as they may deem necessary, advisable, convenient or proper for the enforcement, collection, adjustment, settlement or compromise thereof.
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Authority to collect. Assumption of Obligations 5
Authority to collect. 7.1 After a notice referred to in the preceding Clause 6.2 of this Agreement has been given to a Borrower and/or the Insurance Company and/or Stichting WEW, the Security Trustee is authorised to collect the relevant Mortgage Receivables, the Beneficiary Rights and the NHG Advance Rights so notified, and to enter into compromises, settlements and other agreements with the relevant Borrower and/or the Insurance Company and/or Stichting WEW, to grant discharge in respect of the relevant Mortgage Receivable and/or Beneficiary Rights and to exercise all other rights of the CBC in connection with the relevant Mortgage Receivables, the Beneficiary Rights and the NHG Advance Rights (including calling in the relevant Mortgage Receivables and the Beneficiary Rights). The CBC hereby waives its rights under section 3:246(4) of the Dutch Civil Code.
Authority to collect. 7.1 After a notice referred to in the preceding Clause 6.3 of this Agreement has been given to a Borrower and/or the Life Insurance Companies, the Security Trustee is authorised to collect the Mortgage Receivables and the Beneficiary Rights so notified and to exercise all other rights of the CBC in connection with the relevant Mortgage Receivables and the Beneficiary Rights. The CBC hereby waives its rights under Article 3:246(4) of the Dutch Civil Code.
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