Common use of Collection Rights Clause in Contracts

Collection Rights. At any time after an Event of Default has occurred and is continuing, the Secured Party may, and at the request of the Secured Party the Debtor shall, promptly notify any Account Debtor or obligor of any Account, Instrument, Chattel Paper, Payment Intangible, other right to payment, General Intangible or Commercial Tort Claim constituting Collateral that the same has been assigned to the Secured Party and shall direct such Account Debtor or obligor to make all future payments to the Secured Party. At any time after an Event of Default has occurred and is continuing, the Secured Party may notify any governmental agency or unit of government which is obligated to the Debtor under any federal or state governmental program that the same has been assigned to the Secured Party, and direct such governmental agency or unit of government to make all future payments to the Secured Party. In connection with any such notice, the Secured Party is authorized to forward to such government agency or unit of government any and all instruments of assignment or notices of assignment required by such government agency or unit of government previously executed and delivered to the Secured Party by the Debtor.

Collection Rights. At any time after an Event of Default has occurred and is continuing, the Secured Party may, and at the request of the Secured Party the Debtor shall, promptly notify any Account Debtor or obligor of any Account, Instrument, Chattel Paper, Payment Intangible, other right to payment, General Intangible or Commercial Tort Claim constituting Collateral that the same has been assigned to the Secured Party and shall direct such Account Debtor or obligor to make all future payments to the Secured Party. At any time after an Event of Default has occurred and is continuing, the Secured Party may notify any governmental agency or unit of government GP:4273100 vl which is obligated to the Debtor under any federal or state governmental program that the same has been assigned to the Secured Party, and direct such governmental agency or unit of government to make all future payments to the Secured Party. In connection with any such notice, the Secured Party is authorized to forward to such government agency or unit of government any and all instruments of assignment or notices of assignment required by such government agency or unit of government previously executed and delivered to the Secured Party by the Debtor.

Collection Rights. At any time after an Event of Default has occurred and is continuing, the Secured Party may, and at the request of the Secured Party the Debtor shall, promptly notify any Account Debtor or obligor of any Account, Instrument, Chattel Paper, Payment Intangible, other right to payment, payment or General Intangible or Commercial Tort Claim constituting Collateral that the same has been assigned to the Secured Party and shall direct such Account Debtor or obligor to make all future payments to the Secured Party. At any time after an Event of Default has occurred and is continuing, the Secured Party may notify any governmental agency or unit of government which is obligated to the Debtor under any federal or state governmental program that the same has been assigned to the Secured Party, and direct such governmental agency or unit of government to make all future payments to the Secured Party. In connection with any such notice, the Secured Party is authorized to forward to such government agency or unit of government any and all instruments of assignment or notices of assignment required by such government agency or unit of government previously executed and delivered to the Secured Party by the Debtor.