Common use of Accounts Collection Clause in Contracts

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 27 contracts

Samples: Loan and Security Agreement (First Virtual Corp), Loan and Security Agreement (Electronic Designs Inc), Loan and Security Agreement (Ag Associates Inc)

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Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 16 contracts

Samples: Loan and Security Agreement (Chordiant Software Inc), Loan and Security Agreement (Us Search Corp Com), Loan and Security Agreement (Us Search Corp Com)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Cardiodynamics International Corp), Loan and Security Agreement (Hireright Inc), Loan and Security Agreement (Tripath Technology Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Va Linux Systems Inc), Revolving Credit and Security Agreement (Avanex Corp), Loan and Security Agreement (Integrated Packaging Assembly Corp)

Accounts Collection. At any time from the date of this ------------------- Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Onsale Inc), Loan Modification Agreement (Quicklogic Corporation), Loan and Security Agreement (Somnus Medical Technologies Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Invision Technologies Inc), Loan and Security Agreement (Infoseek Corp)

Accounts Collection. At any time from the date of this ------------------- Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Inktomi Corp)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Patient Infosystems Inc), Loan and Security Agreement (Auxilium Pharmaceuticals Inc)

Accounts Collection. At any time from the date of this Agreement, ------------------- Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Verisity LTD), Loan and Security Agreement (Inktomi Corp)

Accounts Collection. At any time from the date of this ------------------- Agreement, Bank may notify any Person person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Jetfax Inc), Loan and Security Agreement (Jetfax Inc)

Accounts Collection. At any time from the date of this Agreement, ------------------- Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Curon Medical Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's Banks trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bridgepoint Education Inc), Loan and Security Agreement (Bridgepoint Education Inc)

Accounts Collection. At any time from on or after the date of this Agreement, Bank may notify any Person owing funds to any Borrower of Bank's security interest in such funds and verify the amount of funds. Upon such Account. notification, each Borrower shall collect all amounts owing to that Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniphase Corp /Ca/)

Accounts Collection. At any time from during the date term of this ------------------- Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Logicvision Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Nexsan Corp)

Accounts Collection. At any time from the date of this AgreementAgreement and ---- ------------------- upon the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtorAccount Debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Credit and Security Agreement (Ikos Systems Inc)

Accounts Collection. At any time from during the date term of this ------------------- Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to a Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Seebeyond Technology Corp)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtorAccount Debtor, with proper property endorsements for deposit.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Com21 Inc)

Accounts Collection. At any time from during the date term of this Loan Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Evolve Software Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower Borrowers of Bank's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Virata Corp)

Accounts Collection. At any time from the date of this ------------------- Agreement, Bank may notify any Person owing funds to a Borrower of Bank's security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Ise Labs Inc)

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Accounts Collection. At any time from the date of this Agreement, Bank may notify notify, any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Viant Corp)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. At any time after and during the continuance of an Event of Default and upon request of Bank, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (E Piphany Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.. 9.4

Appears in 1 contract

Samples: Loan and Security Agreement (Invision Technologies Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.. 9.4

Appears in 1 contract

Samples: Loan and Security Agreement (Consilium Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to a Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default that has been declared in writing by Bank Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Media Arts Group Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements endorsement for deposit.

Appears in 1 contract

Samples: Loan Modification Agreement (Quintus Corp)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to any Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Viewlocity Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to a Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Concur Technologies Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Yieldup International Corp)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Nvidia Corp/Ca)

Accounts Collection. At any time from rime during the date term of this ------------------- Agreement, Bank may notify any Person owing funds to Borrower of Bank's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan Modification Agreement (Placeware Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's Banks security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's Banks trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Reliant Technologies Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's ’s security interest in such funds and verify the amount of such Account. Following an Event of Default and during the continuance thereof, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's ’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Wj Communications Inc)

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