Common use of Joint Checks Clause in Contracts

Joint Checks. Upon the occurrence of an Event of Default and the continuation thereof beyond any applicable cure period, and at the written request of Lender, Borrower shall cause all checks payable to Borrower by any Account Debtor on any Receivable of such Obligor shall be made payable jointly to such Obligor and Lender, and such Obligor shall, and does further authorize Lender to, send a notice of the foregoing joint check requirement to any such Account Debtor and take such action necessary to maintain compliance with the foregoing joint check requirement;

Joint Checks. Upon the occurrence of an Event of Default and the continuation thereof beyond any applicable cure period, and at the written request of LenderL▇▇▇▇▇, Borrower shall cause all checks payable to Borrower by any Account Debtor on any Receivable of such Obligor shall be made payable jointly to such Obligor and Lender, and such Obligor shall, and does further authorize Lender to, send a notice of the foregoing joint check requirement to any such Account Debtor and take such action necessary to maintain compliance with the foregoing joint check requirement;