Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence of a Cash Control Event) to notify any of the Loan Parties' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. The Agent shall have the right after the occurrence of an Event of Default to notify any of the Borrower’s Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. The Agent shall have the right at any time after the occurrence, and during the continuance, of an Event of Default to notify any of the Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the Lender shall have the right to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. Upon an Event of Default, Lender shall have the right at any time to notify Account Debtors of its security interest in the Accounts and to require Payments to be made directly to Lender or to the Lockbox. To facilitate direct collection and upon an Event of Default, SouthPeak hereby appoints Lender and any officer or employee of Lender, as Lender may from time to time designate, as attorney-in-fact for SouthPeak to (a) receive, open and dispose of all mail addressed to SouthPeak and take therefrom any Payments or proceeds of Accounts; (b) take over SouthPeak’s post office boxes or make other arrangements, in which SouthPeak shall cooperate, to receive SouthPeak’s mail, including notifying the post office authorities to change the address for delivery of mail addressed to SouthPeak to such address as Lender shall designate; (c) endorse the name of SouthPeak in favor of Lender upon any and all Payments that may come into Lender’s possession; (d) sign and endorse the name of SouthPeak on any invoice or xxxx of lading relating to any Account, on verifications of Accounts sent to any Debtor, to drafts against Account Debtors, to assignments of Accounts and to notices to Account Debtors; and (e) do all acts and things necessary to carry out this Agreement, including signing the name of SouthPeak on any instruments required by law in connection with the transactions contemplated hereby and on financing statements as permitted by the UCC. SouthPeak hereby ratifies and approves all acts of such attorney-in-fact and neither Lender nor any other such attorney-in-fact shall be liable for any acts of commission or omission, or for any error of judgment or mistake of fact or law unless occasioned by Lender’s or such attorney-in-fact’s gross negligence. This power, being coupled with an interest, is irrevocable so long as any of the Obligations remain unsatisfied.
Notification to Account Debtors. The Administrative Agent shall have the right, during the existence of a Cash Control Event or an Event of Default, to notify any of the Borrowers' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. The Administrative Agent shall have the right at any time that an Event of Default has occurred to notify any of the Borrowers' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default and if requested by the Collateral Agent, such Canadian Loan Party will promptly notify such Account Debtor in respect of any Receivable that such Collateral has been assigned to the Collateral Agent hereunder for the benefit of the Secured Parties, and that any payments due or to become due in respect of such Collateral are to be made by such Account Debtor and any other Person via direct wire transfer to the Collateral Agent or its designee in accordance with Section 2.04 of this Agreement.
Notification to Account Debtors. The Agent shall have the right (after the occurrence of a Cash Control Event (as defined in the Revolving Credit Facility)) to notify any of the Loan Parties' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral, in each case, subject to the terms of the Intercreditor Agreement.
