Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 37 contracts
Samples: Loan and Security Agreement (Stockeryale Inc), Letter Agreement (Stockeryale Inc), Loan and Security Agreement (Stockeryale Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor account debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 12 contracts
Samples: Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Yp Net Inc), Term Loan and Security Agreement (Stockeryale Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; Paper and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 5 contracts
Samples: Loan and Security Agreement (Rent a Wreck of America Inc), Loan and Security Agreement (Rent a Wreck of America Inc), Loan and Security Agreement (Rent a Wreck of America Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 4 contracts
Samples: Security Agreement (Continucare Corp), Loan and Security Agreement (Continucare Corp), Security Agreement (Lakeland Industries Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.,
Appears in 1 contract
Samples: Loan and Security Agreement (Rent a Wreck of America Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account Amount or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 1 contract
Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; , and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 1 contract
Samples: Loan Agreement (Novo Mediagroup Inc)
Notification of Account Debtors. MLBFS may notify any Account Debtor account debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; : and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.
Appears in 1 contract
Samples: Loan and Security Agreement (Health Fitness Corp /Mn/)