Common use of Secured Party’s Collection Rights Clause in Contracts

Secured Party’s Collection Rights. Secured Party shall have the right at any time after an Event of Default (as defined in the Note), subject to Debtor’s required Opportunity to Cure Non-Monetary Default (as defined in the Note), to enforce Debtor’s rights against any account debtors and obligors.

Appears in 1 contract

Samples: Security Agreement (Hallwood Group Inc)

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Secured Party’s Collection Rights. After the occurrence and during the continuance of an Event of Default, Secured Party Party, at the direction of the Required Holders, shall have the right at any time after an Event of Default (as defined in the Note), subject to Debtor’s required Opportunity to Cure Non-Monetary Default (as defined in the Note), to enforce Debtor’s rights right against any the account debtors and obligors.

Appears in 1 contract

Samples: Security Agreement (One Stop Systems, Inc.)

Secured Party’s Collection Rights. After the occurrence of, and during the continuance of, an Event of Default, a Secured Party shall have the right at any time after an Event of Default (as defined in the Note), subject to Debtor’s required Opportunity to Cure Non-Monetary Default (as defined in the Note), to enforce Debtor’s 's rights against any Debtor's account debtors and obligorsobligors to the extent that such is included in the definition of Collateral.

Appears in 1 contract

Samples: Security Agreement (Neoprobe Corp)

Secured Party’s Collection Rights. Secured Party After the occurrence of an Event of Default and during the continuance thereof, the Lender shall have the right at any time after an Event of Default (as defined in the Note), subject to Debtor’s required Opportunity to Cure Non-Monetary Default (as defined in the Note), to enforce Debtor’s Debtors' rights against the Account Debtors and obligors under any account debtors and obligorsAccounts owned by the applicable Debtor.

Appears in 1 contract

Samples: Security Agreement (Kroll Inc)

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Secured Party’s Collection Rights. Secured Party shall have the right at any time after upon the occurrence of an Event of Default (as defined in the Note), subject to Debtor’s required Opportunity to Cure Non-Monetary Default (as defined in the Note), to enforce Debtor’s rights against any the account debtors and obligors.

Appears in 1 contract

Samples: Security Agreement (Professional Veterinary Products LTD /Ne/)

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