Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at any time following the occurrence and during the continuance of an Event of Default, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at any time following the occurrence and during the continuance of an Event of Default, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account the Issuer and added to the Obligations.

Notification of Assignment of Receivables. Subject to Agent shall have the Intercreditor Agreement, right (at any time following the occurrence and during the continuance of an Event of Default, Default or a Default or when Agent shall have the right in its reasonable discretion deems it to be in Lenders' best interest to do so) to send notice of the assignment of, and Agent’s 's security interest in and Lien onin, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of DefaultThereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s 's actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ ' Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at At any time following after the occurrence and during the continuance continuation of an Event of Default, or if Agent in its reasonable business judgment believes proceeds of Collateral are being impaired or diverted, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of DefaultThereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at At any time following the occurrence and during the continuance of an Event of DefaultDefault or when Agent in its Permitted Discretion deems it in Lenders’ best interest to do so, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding in possession of or otherwise concerned with other rights in any of the Collateral. At any time after the occurrence and during the continuance of an Event of DefaultThereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Borrower’s Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at At any time following the occurrence and during the continuance of an any Default or Event of DefaultDefault is continuing, Administrative Agent shall have the right to send notice of the assignment of, and Administrative Agent’s security interest in and Lien lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after following the occurrence and during the continuance of an Event of Default or a Default, Administrative Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Administrative Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at At any time following upon the occurrence and during the continuance of an any Event of DefaultDefault or if the Agent deems it necessary in its Permitted Discretion to preserve or protect the Collateral or Agent’s rights therein, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after the occurrence and during the continuance of an Event of DefaultCollateral and, thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. Subject to the Intercreditor Agreement, at At any time ----------------------------------------- following the occurrence and during the continuance continuation of an Event of Default or a Default, Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. At any time after Thereafter, so long as the occurrence and during the continuance of an Event of DefaultDefault or Default is continuing, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s 's actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ ' Account and added to the Obligations.