Common use of Notification to Account Debtors and Other Persons Obligated on Collateral Clause in Contracts

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, without commingling the same with other funds of any Grantor and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative Operations Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Operations Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Operations Agent or to any financial institution designated by the Administrative Operations Agent as the Administrative Operations Agent’s agent therefor, and the Administrative Operations Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Operations Agent, for the benefit of the Secured Parties Lenders and the Administrative Operations Agent, without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Operations Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Operations Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Operations Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor Debtor shall, at the request and option of the Administrative AgentMajority Holders, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Secured Party in any accountAccount, chattel paperChattel Paper, general intangibleGeneral Intangible, instrument Instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Secured Parties or to any financial institution designated by the Administrative Agent Majority Holders as the Administrative Agent’s Secured Parties' agent therefor, and the Administrative Agent Majority Holders may itselfthemselves, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any GrantorDebtor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Debtor shall hold any proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by such Grantor Debtor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, without commingling the same with other funds of any Grantor Debtor and shall turn the same over to the Administrative Agent Secured Parties in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Secured Parties shall apply the proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by the Administrative Agent Secured Parties to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to themLiabilities.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s 's agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Grantors shall, at the request and option of the Administrative AgentPurchasers, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Purchasers in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Purchasers or to any financial institution designated by the Administrative Agent Purchasers as the Administrative Agent’s their agent therefor, and the Administrative Agent Purchasers may itselfthemselves, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Grantors shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Purchasers without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Agent Purchasers in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Purchasers shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Purchasers to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor Obligor shall, at the request and option of the Administrative AgentBank, notify account debtors Account Debtors and other persons Persons obligated on any of the Collateral of the security interest Liens of the Administrative Agent Bank in any accountAccount, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Bank or to any financial institution designated by the Administrative Agent Bank as the Administrative AgentBank’s agent therefor, and the Administrative Agent Bank may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any GrantorObligor, so notify account debtors Account Debtors and other persons Persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor each Obligor shall hold any proceeds of collection of accountsAccounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor Obligor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Bank without commingling the same with other funds of any Grantor such Obligor and shall turn the same over to the Administrative Agent Bank in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Bank shall apply the proceeds of collection of accountsAccounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Bank to the ObligationsLiabilities as provided in this Agreement, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative AgentBank, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Bank in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Bank or to any financial institution designated by the Administrative Agent Bank as the Administrative AgentBank’s agent therefor, and the Administrative Agent Bank may itself, if a Default or an Event of Default shall have occurred and be continuing, without upon prior written notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Bank without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Bank in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Bank shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Bank to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Maker shall, at the request and option of the Administrative Collateral Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Collateral Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Collateral Agent or to any financial institution designated by the Administrative Collateral Agent as the Administrative Collateral Agent’s agent therefor, and the Administrative Collateral Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without prior notice to or demand upon any Grantorthe Maker, so notify account debtors and other persons obligated on Collateral. The Collateral Agent agrees to promptly notify Maker after any such notification; provided, however, that failure to give such notice shall not affect the validity of such notification. After the making of such a request or the giving of any such notification, the applicable Grantor Maker shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Maker as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Collateral Agent without commingling the same with other funds of any Grantor the Maker and shall turn the same over to the Administrative Collateral Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Collateral Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Collateral Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each the Grantor shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or Whenever an Event of Default shall have occurred and be continuingexists, each Grantor the Company shall, at the request and option of the Administrative AgentLenders, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lenders in any accountAccount, chattel paperChattel Paper, general intangibleGeneral Intangible, instrument Instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lenders or to any financial institution designated by the Administrative Agent Lenders as the Administrative Agent’s Lenders’ agent therefor, and the Administrative Agent Lenders may itself, if a Default or whenever an Event of Default shall have occurred and be continuingexists, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold as trustee for the Lenders any proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Company without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lenders in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lenders, at its option, shall apply the proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by the Administrative Agent Lenders to the Secured Obligations, such proceeds Proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them, or hold such Proceeds as collateral for the Secured Obligations.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, the Company and each Grantor Guarantor shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon the Company or any GrantorGuarantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company and each Guarantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Company or such Grantor Guarantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company or such Guarantor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Grantors shall, at the reasonable request and option of the Administrative AgentAgent or any other Secured Party, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s its agent therefor, and the Administrative Agent may itselfmay, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Grantors shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Agent without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Agent in the identical form received, together with any reasonably necessary or advisable endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral account and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments accounts and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor The Borrowers shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s 's agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrowers, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrowers shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrowers as trustee for the Administrative Agent, for the benefit of the Secured Parties Lenders and the Administrative Agent, without commingling the same with other funds of any Grantor the Borrowers and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any such Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable such Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentParties, without commingling the same with other funds of any such Grantor and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or Whenever an Event of Default shall have occurred exists which has not been waived and be continuingonly during the continuation of such Event of Default, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any accountAccount, chattel paperChattel Paper, general intangibleGeneral Intangible, instrument Instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or whenever an Event of Default shall have occurred and be continuingexists , without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold as trustee for the Lender any proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Company without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender, at its option, shall apply the proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by the Administrative Agent Lender to the Secured Obligations, such proceeds Proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them, or hold such Proceeds as collateral for the Secured Obligations.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or Whenever an Event of Default shall have occurred exists which has not been waived and be continuingonly during the continuation of such Event of Default, each Grantor Guarantor shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any accountAccount, chattel paperChattel Paper, general intangibleGeneral Intangible, instrument Instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or whenever an Event of Default shall have occurred and be continuingexists , without notice to or demand upon any GrantorGuarantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Guarantor shall hold as trustee for the Lender any proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Guarantor without commingling the same with other funds of any Grantor Guarantor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender, at its option, shall apply the proceeds Proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by the Administrative Agent Lender to the Secured Obligations, such proceeds Proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them, or hold such Proceeds as collateral for the Secured Obligations.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor of the Grantors shall, at the request and option of the Administrative Agent, notify account debtors and other persons Persons obligated on any of the Collateral pledged by such Grantor of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral pledged by such Grantor and that payment thereof is to be made directly to the Administrative Agent Agent, or to any financial institution designated by the Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorof the Grantors, so notify account debtors and other persons Persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable each Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, in trust for the benefit of the Secured Parties and the Administrative Agent, without commingling the same with other funds of any Grantor such Grantor, and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the ObligationsSecured Obligations in accordance with the Credit Agreement, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s 's agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to to, or demand upon upon, any Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable such Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, without commingling the same with other funds of any such Grantor and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the ObligationsSecured Obligations in accordance with Section 2.18(b) of the Credit Agreement, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor The Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itselfits elf, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notificationnotification , the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accountsaccounts , chattel paper, general intangiblesintangibles , instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentRACC, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent RACC in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent RACC or to any financial institution designated by the Administrative Agent RACC as the Administrative Agent’s RACC's agent therefor, and the Administrative Agent RACC may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, RACC without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent RACC in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent RACC shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent RACC to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative Agent, notify account debtors and other persons Persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof thereon is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons Persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties Banks and the Administrative Agent, without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Grantors shall, at the request and option of the Administrative AgentCollateral Agent , notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Collateral Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Collateral Agent or to any financial institution designated by the Administrative Collateral Agent as the Administrative Agent’s its agent therefor, and the Administrative Collateral Agent may itselfthemselves, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Grantors shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Collateral Agent without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Collateral Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Collateral Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Collateral Agent to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentLender, without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each the Grantor shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument instalment or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument account or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefortherefore, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments accounts and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments accounts and other Collateral received by the Administrative Agent Lender to the Secured Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor Debtor shall, at the request and option of the Administrative Agent, notify account debtors Account Debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Secured Parties in any accountAccount, chattel paperChattel Paper, general intangibleGeneral Intangible, instrument Instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorsuch Debtor, so notify account debtors Account Debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor each Debtor shall hold any proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by such Grantor Debtor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, without commingling the same with other funds of any Grantor such Debtor and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accountsAccounts, chattel paperChattel Paper, general intangiblesGeneral Intangibles, instruments Instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor shall, Debtor shall at the request and option of the Administrative AgentLender, notify account debtors debtors, charterers, and other persons obligated on respecting any of the Collateral of the security interest of the Administrative Agent Lender in any account, charter, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any GrantorDebtor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Debtor shall hold any proceeds of collection of accounts, charters, chattel paper, general intangibles, instruments and other Collateral received by such Grantor Debtor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor Debtor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments, provided that as long as an Event of Default has not occurred and is continuing, the Debtor may collect and use the accounts, charters, chattel paper, general intangibles, instruments and other Collateral in the ordinary course of business. The Administrative Agent Lender shall apply the proceeds of collection of accounts, charters, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, pursuant to § 2.4(b) of the Loan Agreement, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentInvestor and subject to the rights of Thermo Credit LLC, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Investor in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Investor or to any financial institution designated by the Administrative Agent Investor as the Administrative Agent’s Investor's agent therefor, and the Administrative Agent Investor may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Investor without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Investor in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Investor shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Investor to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor The Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons Persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons Persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors debtors, charterers, and other persons obligated on respecting any of the Collateral of the security interest of the Administrative Agent Lender in any account, charter, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, charters, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, charters, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, pursuant to § 2.4(b) of the Loan Agreement, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuingcontinuing beyond the applicable cure period, if any, without notice to or demand upon any GrantorBorrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor shall, at the request and option of the Administrative Collateral Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Collateral Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Collateral Agent or to any financial institution designated by the Administrative Collateral Agent as the Administrative Collateral Agent’s 's agent therefor, and the Administrative Collateral Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable each Grantor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor as trustee for the Administrative Collateral Agent, for the benefit of the Secured Parties Holders and the Administrative Collateral Agent, without commingling the same with other funds of any such Grantor and shall turn the same over to the Administrative Collateral Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Collateral Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Collateral Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative AgentLender, for the benefit of the Secured Parties and the Administrative AgentLender, without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on under the Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If [If[ a Default or or] an Event of Default shall have occurred and be continuing], each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, ,[ if a Default or an Event of Default shall have occurred and be continuing, ,] without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Grantors shall, at the request and option of the Administrative AgentSecured Party, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Secured Party in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Secured Party or to any financial institution designated by the Administrative Agent Secured Party as the Administrative Agent’s its agent therefor, and the Administrative Agent Secured Party may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any the Grantor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Grantors shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such the Grantor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Party without commingling the same with other funds of any the Grantor and shall turn the same over to the Administrative Agent Secured Party in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Secured Party shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Secured Party to the Secured Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or The Company shall, after the occurrence of and during the continuance of an Event of Default shall have occurred and be continuing, each Grantor shallDefault, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor The Debtor shall, at the request and option of the Administrative AgentLender during a continuance of an Event of Default, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument constituting Collateral or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Debtor, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Debtor shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments constituting Collateral and other Collateral received by such Grantor the Debtor as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative AgentLender, without commingling the same with other funds of any Grantor the Debtor and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of such accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the ObligationsObligations in accordance with Section 10.4 of the Credit Agreement, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Borrower shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Borrower as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Borrower and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent or to any financial institution designated by the Administrative Agent as the Administrative Agent’s its agent therefor, and the Administrative Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Agent without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor The Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative Agent’s Lender's agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

Notification to Account Debtors and Other Persons Obligated on Collateral. If a Default or an Event of Default shall have occurred and be continuing, each Grantor the Company shall, at the request and option of the Administrative AgentLender, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Administrative Agent Lender in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Administrative Agent Lender or to any financial institution designated by the Administrative Agent Lender as the Administrative AgentLender’s agent therefor, and the Administrative Agent Lender may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon any Grantorthe Company, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the applicable Grantor Company shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by such Grantor the Company as trustee for the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, Lender without commingling the same with other funds of any Grantor the Company and shall turn the same over to the Administrative Agent Lender in the identical form received, together with any necessary endorsements or assignments. The Administrative Agent Lender shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Administrative Agent Lender to the Obligations, such proceeds to be immediately credited entered after final payment in cash or other immediately available funds of the items giving rise to them.