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.
Appears in 5 contracts
Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
Notification to Account Debtors. The Collateral Agent shall have the right (after during the occurrence continuance of a Cash Control Event) an Event of Default to notify any of the Loan Parties' Borrower’s Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence an Event of a Cash Control EventDefault has occurred) to notify any of the Loan PartiesBorrowers' Account Debtors to make payment directly to the Administrative Collateral Agent and to collect all amounts due on account of the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Restoration Hardware Inc), Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc)
Notification to Account Debtors. The Collateral Agent shall have the right (after upon and following the occurrence and during the continuance of a Cash Control any Suspension Event) to notify any of the Loan Parties' Borrowers’ Account Debtors to make payment directly to the Administrative Collateral Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc)
Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence at any time following an Event of a Cash Control EventDefault and at anytime thereafter) to notify any of the Loan Parties' Account Debtors Debtor's account debtors to make payment directly to the Administrative Collateral Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Security Agreement (Cytomedix Inc), Security Agreement (Cytomedix Inc)
Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence any Event of a Cash Control EventDefault has occurred and is continuing) to notify any of the Loan PartiesBorrowers' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Homebase Inc), Security Agreement (Homebase Inc)
Notification to Account Debtors. The Collateral Agent Agents 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.
Appears in 1 contract
Samples: Value City Department Stores Inc /Oh
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.
Appears in 1 contract
Notification to Account Debtors. The Collateral Agent shall have the right (after following the occurrence of a Cash Control Event) an Event of Default 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.
Appears in 1 contract
