Notification to Account Debtors. The Agent shall have the right at any time, after the occurrence and during the continuance of an Event of Default, to notify any of the Guarantor' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Stock Pledge Agreement (Sunglass Hut International Inc)
Notification to Account Debtors. The Agent shall have the right at any time, after the occurrence and during the continuance of time (whether or not an Event of Default, Default has occurred) to notify any of the Guarantor' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right at any time, after the occurrence and during the continuance time while of an Event of Default, Default has occurred and is continuing to notify any of the Guarantor' Account Debtors of any Borrower to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right at any time, after the occurrence and during the continuance of an Event of Default, Default to notify any of the Guarantor' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Hastings Entertainment Inc)
Notification to Account Debtors. The Agent shall have the right at any time, after the occurrence and during the continuance of an Event of Default, to notify any of the GuarantorBorrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunglass Hut International Inc)
Notification to Account Debtors. The Agent shall have the right at any time, time after the occurrence and during the continuance of an Event of Default, Default has occurred to notify any of the GuarantorBorrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sports Authority Inc /De/)