Common use of Accounts Collection Clause in Contracts

Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiac Science Inc)

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Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonoma Systems)

Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. When an Event of Default occurs and continues, Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Epicedge Inc)

Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtorAccount Debtor, with proper endorsements for deposit. 9.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Viewlocity Inc)

Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested in writing by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4, within five (5) Business Days after such request.

Appears in 1 contract

Samples: Loan and Security Agreement (Hotjobs Com LTD)

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Accounts Collection. When an Event of Default occurs and continues, (i) Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. , and (ii) Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Stentor Inc)

Accounts Collection. When an Event of Default occurs and continues, Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. After an Event of Default has occurred and while it is continuing, Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 9.4.

Appears in 1 contract

Samples: Loan Agreement (Ats Medical Inc)

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