Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the Lender shall have the right to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 3 contracts
Samples: Agreement (Gadzooks Inc), Agreement (Gadzooks Inc), Loan and Security Agreement (Gadzooks Inc)
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Harrys Farmers Market Inc), Loan and Security Agreement (Bluefly Inc)
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after the occurrence of an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after the occurrence of an Event of Default to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. From and after Upon the occurrence and during the continuance of an Event of Default, the Lender shall have the right to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Bakers Footwear Group Inc)
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right (whether or not an Event of Default has occurred) to notify any of the Borrower's Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Alloy Inc
Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after an Event of Default has occurred to notify any of the Borrower's Principal Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
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