COLLECTION OF DEBTS. Before or after default under this Security Agreement, RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
COLLECTION OF DEBTS. Before or after default under this Agreement, without notice to the Debtor, the Secured Party may notify all or any account debtors of the Debtor of the Security Interest and may also direct such account debtors to make all payments on Collateral to the Secured Party. The Debtor acknowledges that any payments on or other proceeds of Collateral received by the Debtor from account debtors, whether before or after notification of this Security Interest to account debtors, and whether before or after default under this Agreement, shall be received and held by the Debtor in trust for the Secured Party and shall be turned over to the Secured Party upon request. This includes interest on deferred payment contracts, and the payments themselves, and lease payments, if any.
COLLECTION OF DEBTS. 17. After default under this Security Agreement, the Secured Party may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to the Secured Party. The Debtor acknowledges that any payments on or other proceeds of Collateral received by the Debtor from Account Debtors, whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by the Debtor in trust for the Secured Party and shall, on default by Debtor and on demand by the Secured Party, be forthwith turned over to the Secured Party.
COLLECTION OF DEBTS. Before or after Default, ATB may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on any Collateral to ATB. The Debtor acknowledges that any payments on or other proceeds of Collateral received by the Debtor from Account Debtors after Default under this Agreement and whether before or after notification of this Security Interest to Account Debtors shall be received and held by the Debtor in trust for ATB and shall be turned over to ATB on request. The Debtor shall furnish ATB with all information which may assist in the collection of all Accounts and any other monies or debts due to the Debtor.
COLLECTION OF DEBTS. In the event of a default under this Agreement, the Secured Party may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on the Collateral to the Secured Party.
COLLECTION OF DEBTS. Upon the occurrence of an Event of Default, hereunder, the Vendors may, without exercising any of their other rights or remedies hereunder, give notice of the security interest in, and the assignment to, the Vendors of any debt or liability forming part of the Collateral and may direct such person to make all payments on account of any such debt or liability to the Vendors.
COLLECTION OF DEBTS. 8.1 We shall have the sole and exclusive right of collecting and enforcing payment of any Debt in such manner as we consider appropriate. You have no right to collect Debts unless condition 8.6 applies or you have our written authority.
COLLECTION OF DEBTS. At any time that an Event of Default shall have occurred and be continuing, the Collateral Agent may notify all or any person (an "Account Debtor") obligated to pay any Collateral of the Security Interest and may also direct such Account Debtors to make all payments on the Collateral to the Collateral Agent. The Debtor acknowledges that any payments on account of Collateral received by it from Account Debtors after notification of this Security Interest to Account Debtors shall be held by the Debtor separate from all other property of the Debtor in trust for, and shall be promptly paid over to, the Collateral Agent, in form received with all necessary endorsements or transfers.
COLLECTION OF DEBTS. Before or after the occurrence of an Event of Default, the Secured Party may give notice of the Security Interest to any Person obligated to pay any debt or liability constituting the Collateral and may also direct such Person to make all payments on account of any such debt or liability to the Secured Party. The Debtor acknowledges that any payments received by the Debtor from such Persons, whether before or after the occurrence of an Event of Default, shall be received and held by the Debtor in trust for the Secured Party and shall be turned over to the Secured Party upon request.
COLLECTION OF DEBTS. Auction Operator collects all debts resulting from the Auction of PTRs for the auctions per- formed by him on the respective Interconnection as defined in Article 1.02 on behalf of both TSOs on that Interconnection. ELES, acting as Auction Operator collects on behalf of both TSOs all debts resulting from the Auction of PTRs on the Slovenia-Croatia Interconnection, in direction from Croatia to Slovenia. HEP OPS, acting as Auction Operator collects on behalf of both TSOs all debts resulting from the Auction of PTRs on the Slovenia-Croatia Interconnection, in direction from Slovenia to Croatia. Although ELES and HEP OPS collect these payments on behalf and in the name of both TSOs, Auction Participants accept by participating in the Auction that they can only be discharged of their debts through payment to respective Auction Operator. Since payment by compensation would thwart the administrative structure of the cooperation between both TSOs, Auction Par- ticipants waive the right to offset any debts that arise in connection with an Auction to claims that those Auction Participants have on a TSO, whether or not arising out of an Auction. PTRs in Intraday Allocation are allocated based on the continuous trading mechanism without any price/financial obligations towards Auction Operator(s).
