Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 4 contracts
Samples: Agreement (Crown Books Corp), Agreement (Right Start Inc /Ca), Loan and Security Agreement (Garden Botanika Inc)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence, and during the continuance, of an Event of Default has occurred) Default, to notify any of the Borrower's a Loan Party’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not after an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Sun Television & Appliances Inc), Factory Card Outlet Corp
Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluefly Inc), Loan and Security Agreement (Harrys Farmers Market Inc)
Notification to Account Debtors. The Lender shall have the right at ------------------------------- any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence of an Event of Default has occurred) to notify any of the Borrower's Borrowers’ Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
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Notification to Account Debtors. The Lender shall have the right at any time (whether or not from and after the occurrence of an Event of Default has occurredDefault) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.. Article 7
Appears in 1 contract
Samples: Agreement (Golf Galaxy, Inc.)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not following an Event of Default has occurred) and at anytime thereafter to notify any of the Borrower's Account Debtors Grantor’s account debtors to make payment payments directly to the Lender and to collect all amounts due on account of the Collateral, subject to Prior Known Obligations.
Appears in 1 contract
Samples: Security Agreement (Elandia, Inc.)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence, and during the continuance, of an Event of Default has occurred) Default, to notify any of the Borrower's and AWI's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
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Notification to Account Debtors. The Lender shall have the right at any time (whether following and during the continuance of a Suspension Event or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Harvey Electronics Inc)
Notification to Account Debtors. The Upon the occurrence and during the continuance of an Event of Default, the Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Bakers Footwear Group Inc)
Notification to Account Debtors. The Lender shall have the right at any time (whether or not an upon the occurrence of and unless and until any such Event of Default has occurred) is named in writing by Lender), to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence and during the continuance of an Event of Default has occurred) to notify any of the Borrower's Borrowers’ Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
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Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of if the Borrower is In Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
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Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the any Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Lender shall have the right at ------------------------------- any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.
Appears in 1 contract
