Common use of Communication with Customers Clause in Contracts

Communication with Customers. Upon the occurrence and during the continuance of an Event of Default and Lender commencing enforcement actions, Lender is authorized to communicate directly with Borrowers’ customers regarding Borrowers and Borrowers’ business relationship and authorizes Lender to obtain, and the customers to provide, information and documentation regarding Borrowers’ performance of its contracts, purchase orders and other obligations to these customers. The foregoing will not limit, in any way, Lender’s right to communicate with customers for purposes of verifying Accounts.

Appears in 2 contracts

Samples: Compensation Agreement (Hightimes Holding Corp.), Compensation Agreement (Origo Acquisition Corp)

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Communication with Customers. Upon the occurrence and during the continuance of an Event of Default and Default, Borrower authorizes Lender commencing enforcement actions, Lender is authorized to communicate directly with Borrowers’ its customers regarding Borrowers Borrower and Borrowers’ Borrower's business relationship and authorizes Lender to obtain, and the customers to provide, information and documentation regarding Borrowers’ Borrower's performance of its contracts, purchase orders and other obligations to these such customers. The ; PROVIDED, HOWEVER, that the foregoing will shall not limit, in any way, Lender’s 's right to communicate with customers for purposes of verifying Accounts.

Appears in 1 contract

Samples: Execution Copy (I/Omagic Corp)

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Communication with Customers. Upon the occurrence and during the continuance of an Event of Default and Default, Borrowers authorize Lender commencing enforcement actions, Lender is authorized to communicate directly with Borrowers’ their customers regarding Borrowers and Borrowers’ business relationship and authorizes Lender to obtain, and the customers to provide, information and documentation regarding Borrowers’ performance of its their contracts, purchase orders and other obligations to these such customers. The ; provided, however, that the foregoing will shall not limit, in any way, Lender’s right to communicate with customers for purposes of verifying Accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcat Inc)

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