Accounts Administration Sample Clauses

Accounts Administration. (a) All data and other information relating to Accounts or other intangible Collateral shall at all times be kept by Borrower at its principal office(s) as set forth on the Information Certificate and, except in the ordinary course of business in which case Lender shall be promptly notified in writing no later than ten (10) Business Days after such move, shall not be moved from such locations without obtaining the prior written consent of Lender, which consent shall not be unreasonably withheld. (b) Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and sales thereof and shall submit to Lender on such periodic basis as Lender shall reasonably request a sales and collections report for the preceding period, in form satisfactory to Lender. In addition, if an Accounts becomes ineligible because it falls within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise, Borrower shall notify Lender of such occurrence no later than the third Business Day following Borrower obtaining knowledge of such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence. (c) If an Event of Default has occurred and is continuing (whether or not any such Event of Default has resulted in acceleration pursuant to Section 8.2), any of Lender’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender or any designee of Lender, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone or otherwise, including, but not limited to, verification of Borrower’s compliance with applicable Laws. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude such verification process. Such verification may include contacts between Lender and applicable federal, state and local regulatory authorities having jurisdiction over Borrower’s affairs, all of which contacts Borrower hereby irrevocably authorizes. (d) Lender shall have the right at any time to notify Account Debtors that Accounts have been assigned to Lender and, following the occurrence of an Event of Default (whether or not any such Event of Default has resulted in acceleration pursuant to Section 8.2), that payment of such Accounts shall be made directly by such Account Debtors to Lender (and once such notice has been given to an Account Debtor, Borrower shall not give any contrar...

Accounts Administration. 39 Section 6.1 Collection Account................................................................................39 Section 6.2 Determinations of the Servicer....................................................................39 Section 6.3 Distributions from Accounts.......................................................................40 Section 6.4 Allocation of Moneys following Termination Date...................................................40 Section 6.5 Accounting........................................................................................41 ARTICLE VII

Accounts Administration. The Client will have access at all times to the information of the accounts that he has uploaded to the Kobra Website, for which he can manage them, apply search filters and download them in Excel format.

Accounts Administration. (a) All data and other information (other than immaterial data and information) relating to Accounts or other intangible Collateral shall at all times be kept by such Grantor at its chief executive office listed in the Perfection Certificate and, except in the ordinary course of business in which case Agent shall be promptly notified in writing no later than ten (10) Business Days after such move, shall not be moved from such locations without obtaining the prior written consent of Agent, which consent shall not be unreasonably withheld. (b) Each Grantor shall keep accurate and complete records in all material respects of its Accounts and all payments and collections thereon and sales thereof. (c) Agent shall have the right at any time after the occurrence and during the continuation of an Event of Default to notify Account Debtors that Accounts have been assigned to Agent. (d) No Grantor has made, or will make, any agreement with any Account Debtor other than with respect to Accounts with an aggregate value of no more than $100,000 per fiscal year for (i) any extension of the time for payment of the Account, (ii) any compromise or settlement for less than the full amount thereof, (iii) any release of any Account Debtor from liability therefor, or (iv) any deduction therefrom except a discount or allowance for prompt or early payment allowed by such Grantor in the ordinary course of its business consistent with its historical practices and as previously disclosed to Agent in writing.

Accounts Administration. 30 Section 6.1

Accounts Administration. 13 Section 3.16 Creation, Preservation and Perfection of Security Interests 13 Section 3.17 Post-Closing Obligations 14

Accounts Administration