Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 6 contracts
Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Dakota Growers Pasta Co Inc)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx on sue xx any Receivable, all without prior notice to the Debtor.
Appears in 5 contracts
Samples: Security Agreement (Mercury Inc), Security Agreement (Mercury Inc), Security Agreement (Mercury Inc)
Collection of Receivables. The Upon and during the existence of an Event of Default, the Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 3 contracts
Samples: Security Agreement (Pacific Ethanol, Inc.), Security Agreement (Pacific Ethanol, Inc.), Security Agreement (Pacific Ethanol, Inc.)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx sxx on any Receivable, all without prior notice to the Debtor.
Appears in 3 contracts
Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (U. S. Premium Beef, LLC)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, compromise or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the DebtorDebtors.
Appears in 2 contracts
Samples: Security Agreement (Knology Inc), Security Agreement (Knology Inc)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 2 contracts
Samples: Master Loan Agreement (Lucille Farms Inc), Security Agreement (Soybean Processors LLC)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, compromise or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Knology Inc)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, compromise or settlement of any of the Receivables for less than face value, or to xxx sue on any Receivable, all without prior notice to the Debtor.
Appears in 2 contracts
Samples: Security Agreement, Subordinated Security Agreement (Harolds Stores Inc)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx sue on any Receivable, all xxl without prior notice to the Debtor.
Appears in 1 contract
Samples: Security Agreement (Green Plains Renewable Energy, Inc.)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, compromise or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.. Security Agreement/ITC Globe Loan No. ML0883T1
Appears in 1 contract
Samples: Security Agreement (Knology Inc)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 1 contract
Samples: Security Agreement (South Dakota Soybean Processors LLC)
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, or settlement of any of the Receivables for less than face value, or to xxx sxx on any Receivable, all without prior notice to the Debtor.
Appears in 1 contract
Collection of Receivables. The Secured Party may, but shall not be obligated to, take all actions reasonable or necessary to preserve, enforce or collect the Receivables, including including, without limitation, the right to notify account debtors and obligors on Receivables instruments to make direct payment to the Secured Party, to permit any extension, compromise, compromise or settlement of any of the Receivables for less than face value, or to xxx on any Receivable, all without prior notice to the Debtor.
Appears in 1 contract
