Common use of Mails Clause in Contracts

Mails. Following Default, Lender, without notice, in its sole and absolute discretion, is authorized to (and the Borrower is to, upon request of Lender) notify the postal authorities to deliver all of the Borrower's mail, correspondence or parcels to Lender at such address as Lender may direct.

Appears in 2 contracts

Sources: Revolving Loan and Security Agreement (K Tronik International Corp), Revolving Loan and Security Agreement (Integrated Biopharma Inc)

Mails. Following DefaultAt any time during a Default Period, Lender, without notice, in its sole and absolute discretion, is authorized to (and the Borrower is to, upon request of Lender) notify the postal authorities to deliver all of the Borrower's mail, correspondence or parcels to Lender at such address as Lender may direct.

Appears in 1 contract

Sources: Secured Revolving Loan Note (Media Sciences International Inc)