Common use of Permitted Communications Clause in Contracts

Permitted Communications. Prior to and during a continuing Event of Default the Lenders may, in the name of the Borrower, or a third party, communicate (by mail, email, telephone, facsimile or otherwise) with Persons, parties to contracts or obligors in respect of Instruments, Accounts, Chattel Paper and/or payment intangibles to inquire about the amounts outstanding and status of such Instruments, Accounts, Chattel Paper and/or payment intangibles. During a continuing Event of Default the Lenders may at any time, in each Lender’s own name, the name of the Borrower, or in the name of a Lender’s nominee, communicate by mail, email, telephone, facsimile, email or otherwise with Persons, parties to or obligors under Instruments, Accounts, Chattel Paper and/or payment intangibles.

Appears in 2 contracts

Samples: Loan, Pledge and Security Agreement, Loan, Pledge and Security Agreement (Softech Inc)

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Permitted Communications. Prior to and during a continuing Event of Default the Lenders Lender may, in the name of the Borrower, or a third party, communicate (by mail, email, telephone, facsimile or otherwise) with Persons, parties to contracts or obligors in respect of Instruments, Accounts, Chattel Paper and/or payment intangibles to inquire about the amounts outstanding and status of such Instruments, Accounts, Chattel Paper and/or payment intangibles. During a continuing Event of Default the Lenders Lender may at any time, in each Lender’s own name, the name of the Borrower, or in the name of a Lender’s nominee, communicate by mail, email, telephone, facsimile, email or otherwise with Persons, parties to or obligors under Instruments, Accounts, Chattel Paper and/or payment intangibles.

Appears in 1 contract

Samples: Loan, Pledge and Security Agreement (Softech Inc)

Permitted Communications. Prior to Following and during a continuing the continuance of an Event of Default the Lenders Lender may, in the name of the Borrower, Borrower or a third party, communicate (by mail, email, telephone, facsimile or otherwise) with Persons, parties to contracts or obligors in respect of Instruments, Accounts, Chattel Paper and/or payment intangibles to inquire about the amounts outstanding and status of such Instruments, Accounts, Chattel Paper and/or payment intangibles. During a continuing Event of Default the Lenders Lender may at any time, in each Lender’s own name, the name of the Borrower, Borrower or in the name of a Lender’s nominee, communicate by mail, email, telephone, facsimile, email or otherwise with Persons, parties to or obligors under Instruments, Accounts, Chattel Paper and/or payment intangibles.

Appears in 1 contract

Samples: Secured Promissory Note (Solomon Technologies Inc)

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Permitted Communications. Prior to and during a continuing Event of Default the Lenders Lender may, in the name of the Borrower, or a third party, communicate (by mail, email, telephone, facsimile or otherwise) with Persons, parties to contracts or obligors in respect of Instruments, Accounts, Chattel Paper and/or payment intangibles to inquire about the amounts outstanding and status of such Instruments, Accounts, Chattel Paper and/or payment intangibles. During a continuing Event of Default the Lenders Lender may at any time, in each the Lender’s own name, the name of the Borrower, or in the name of a the Lender’s nominee, communicate by mail, email, telephone, facsimile, email or otherwise with Persons, parties to or obligors under Instruments, Accounts, Chattel Paper and/or payment intangibles.

Appears in 1 contract

Samples: Loan, Pledge and Security Agreement (Softech Inc)

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