Common use of COLLECTION OF DEBTS Clause in Contracts

COLLECTION OF DEBTS. In the event of a default under this Agreement, the Secured Party may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on the Collateral to the Secured Party.

Appears in 3 contracts

Samples: General Security Agreement (Scout Exploration, Inc), General Security Agreement (Scout Exploration, Inc), General Security Agreement (Scout Exploration, Inc)

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COLLECTION OF DEBTS. In the event of After a default under this Security Agreement, the Secured Party may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on the Collateral to the Secured Party.

Appears in 2 contracts

Samples: General Security Agreement (Comstock Mining Inc.), General Security Agreement (Comstock Mining Inc.)

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