Certain Matters Relating to Accounts. (a) At any time and from time to time after the occurrence and during the continuance of an Event of Default, the Collateral Agent shall have the right to make test verifications of the Accounts Receivable constituting Collateral in any reasonable manner and through any reasonable medium that it reasonably considers advisable, and the relevant Grantor shall furnish all such assistance and information as the Collateral Agent may reasonably require in connection with such test verifications. At any time and from time to time after the occurrence and during the continuance of an Event of Default, upon the Collateral Agent’s reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others reasonably satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts Receivable constituting Collateral.
Certain Matters Relating to Accounts. (a) At any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Administrative Agent may require in connection with such test verifications. The Administrative Agent shall have the absolute right to share any information it gains from such inspection or verification with any Secured Party.
Certain Matters Relating to Accounts. (a) At any time after the occurrence and during the continuance of an Event of Default and after giving reasonable notice to the Borrower and any other relevant Grantor, the Administrative Agent or after Additional First Lien Obligations are incurred, the Applicable Authorized Representative (as defined in the Pari Passu Intercreditor Agreement) shall have the right, but not the obligation, to instruct the Collateral Agent to (and upon such instruction, the Collateral Agent shall) make test verifications of the Accounts in any manner and through any medium that such Applicable Authorized Representative reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications. The Collateral Agent shall have the absolute right to share any information it gains from such inspection or verification with any First Lien Secured Party.
Certain Matters Relating to Accounts. Each Grantor shall request in writing and otherwise take commercially reasonable steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to the Canadian Dominion Account. If any Grantor or Subsidiary receives cash or Payment Items with respect to any Collateral or any Payment Item not properly deposited by a lockbox servicer in accordance with the requirements set forth in Section 8.2.4 of the Credit Agreement, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into the Canadian Dominion Account. Each such deposit of Proceeds of Accounts shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. A Grantor shall not grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof, or allow any credit or discount whatsoever thereon except in the ordinary course of business (unless an Event of Default shall have occurred and the Agent shall have instructed the Grantors not to grant or make any such extension, credit, discount, compromise, or settlement under any circumstances during the continuance of such Event of Default).
Certain Matters Relating to Accounts. 38 6.2 Communications with Obligors; Grantors Remain Liable 39 6.3 Pledged Stock 40 6.4 Proceeds to Be Turned Over to the Collateral Agent 41 6.5 Application of Proceeds 41 6.6 Code and Other Remedies 42 6.7 Registration Rights 43 6.8 Waiver; Deficiency 44 SECTION 7 The Collateral Agent 44
Certain Matters Relating to Accounts. (a) The Administrative Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Administrative Agent may require in connection with such test verifications. At any time and from time to time, upon the Administrative Agent's request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts.
Certain Matters Relating to Accounts. 33 6.2 Communications with Obligors; Grantors Remain Liable. 34 6.3 Pledged Stock. 35 6.4 Proceeds to Be Turned Over to the Collateral Agent. 36 6.5 Application of Proceeds. 36 6.6 Code and Other Remedies. 36 6.7 Registration Rights. 37 6.8 Waiver; Deficiency. 38 SECTION 7 The Collateral Agent 39
Certain Matters Relating to Accounts. (a) At the Collateral Agent’s request at any time after the occurrence and during the continuance of an Event of Default, subject to the terms of the Intercreditor Agreements, each Grantor shall deliver to the Collateral Agent all original (if available) and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts, including all original (if available) orders, invoices and shipping receipts.
Certain Matters Relating to Accounts. 34 6.2 Communications with Obligors; Grantors Remain Liable. 35 6.3 Pledged Stock. 35 6.4 Proceeds to Be Turned Over to the Collateral Agent 37 6.5 Application of Proceeds 37 6.6 Code and Other Remedies 38 6.7 Registration Rights. 38 6.8 Waiver; Deficiency 39
Certain Matters Relating to Accounts. (a) Upon the Collateral Agent's demand made at any time after the occurrence and during the continuance of an Event of Default and at the Borrower's or the applicable Loan Party's sole cost and expense, deliver or cause to be delivered all tangible evidence of Accounts, including, without limitation, copies of all documents evidencing Accounts and of any books and records relating thereto to the Collateral Agent or to its representatives. Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may transfer a full and complete copy of any Loan Party's books, records, credit information, reports, memoranda and all other writing relating to the Accounts to and for the use by any person that has acquired or is contemplating acquisition of an interest in the Accounts or the Collateral Agent's security interest therein without the consent of any Loan Party.