Common use of Notification of Account Debtors Clause in Contracts

Notification of Account Debtors. A. Notify any or all of the Borrower's Account Debtors, or any buyers or transferees of the Collateral or other persons of the Bank's interest in the Collateral and the proceeds thereof and instruct such person(s) to thereafter make any payment due the Borrower directly to the Bank.

Appears in 10 contracts

Samples: Security Agreement (Atg Inc), Commercial Credit Agreement (Interactive Group Inc), Accounts Receivable Credit Agreement (Atg Inc)

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Notification of Account Debtors. A. (a) Notify any or all of the Borrower's Account Debtorsaccount debtor, or any buyers or transferees transferee of the Collateral or any other persons of the Bank's interest in the Collateral and the proceeds thereof and instruct such person(s) to thereafter make any payment due the Borrower directly to the Bankthereof.

Appears in 3 contracts

Samples: Line of Credit Agreement (Scheid Vineyards Inc), Credit Agreement (Scheid Vineyards Inc), Line of Credit Agreement (Scheid Vineyards Inc)

Notification of Account Debtors. A. (1) Notify any or all of the Borrower's Account Debtorsaccount debtors, or any buyers or transferees of the Collateral or other persons of the Bank's interest in the Collateral and the proceeds thereof and instruct such person(s) to thereafter make any payment due the Borrower directly to the Bank.

Appears in 1 contract

Samples: 1997 Credit Agreement (Motor Cargo Industries Inc)

Notification of Account Debtors. A. Notify any or all of the Borrower's Account Debtors, or any buyers or transferees of the Collateral or other persons of the Bank's interest in the Collateral and the proceeds thereof and instruct such person(s) to thereafter hereafter make any payment due the Borrower directly to the Bank.

Appears in 1 contract

Samples: Term Loan Agreement (Dove Audio Inc)

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Notification of Account Debtors. A. (i) Notify any or all of the Borrower's Account DebtorsDebtor, or any buyers or transferees transferee of the Collateral or any other persons of the Bank's interest in the Collateral and the proceeds thereof and instruct such person(s) to thereafter make any payment due the Borrower directly to the Bankthereof.

Appears in 1 contract

Samples: Credit Agreement (Tag It Pacific Inc)

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