Accounts and Contracts. Each Debtor shall, in accordance with its usual business practices in effect from time to time, endeavor to collect or cause to be collected from each account debtor under its Accounts, as and when due, any and all amounts owing under such Accounts. So long as no Default or Event of Default has occurred and is continuing and except as otherwise provided in Section 6.3, each Debtor shall have the right to collect and receive payments on its Accounts, and to use and expend the same in its operations in each case in compliance with the terms of the Credit Agreement.
Accounts and Contracts. While an Event of Default has occurred and is continuing, (i) the Borrower will make no material change to the terms of any Account or Contract without the prior written permission of the Lender, and (ii) the Borrower upon request of the Lender will promptly notify (and the Borrower hereby authorizes the Lender so to notify) each account debtor in respect of any Account or General Intangible that such Collateral has been assigned to the Lender hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Lender or its designee.
Accounts and Contracts. The Secured Party shall not have any obligation or liability under any Account (or any agreement giving rise thereto) or Contract by reason of or arising out of this Security Agreement or the receipt by the Secured Party of any payment relating to such Account or Contract pursuant hereto, nor shall the Secured Party be obligated in any manner to perform any of the obligations of the Debtor thereof under or pursuant to any Account (or any agreement giving rise thereto) or under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto) or under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.
Accounts and Contracts. Schedule V sets forth with respect to each Obligor (as applicable):
(i) whether any of such Obligor’s accounts receivable are payable by (a) the United States of America or any state or any department or agency of any thereof or (b) by an insurance company under or pursuant to any policy of insurance, and in such case if so, the aggregate amount thereof and the percentage that such amount represents of such Obligor’s accounts, in each case as of a recent specified date;
(ii) A list of all contracts and agreements of each Obligor entered into outside the ordinary course of business which the Borrower in its sole discretion, exercised in good faith, deems to be material.
Accounts and Contracts. While an Event of Default has occurred and is continuing (i) the Mortgagor will make no material change to the terms of any Account or Contract without the prior written permission of the Mortgagee, and (ii) the Mortgagor upon request of the Mortgagee will promptly notify (and the Mortgagor hereby authorizes the Mortgagee so to notify) each account debtor in respect of any Account or General Intangible that such Collateral has been assigned to the Mortgagee hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Mortgagee or its designee.
Accounts and Contracts. KeySpan has the right to notify the account debtors or obligors under any Accounts and Contracts of the security interest of KeySpan in such Account or Contract and to direct such account debtors or obligors to make payment of all amounts due or to become due to Corning thereunder directly to KeySpan or to an account designated by KeySpan and, upon such notification, to enforce collection of any such Accounts and/or Contracts, and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Corning might have done. After receipt by Corning of such notice from KeySpan, (a) all amounts and proceeds (including wire transfers, checks and other instruments) received by Corning in respect of any Accounts or Contracts will be received in trust for the benefit of KeySpan under this Security Agreement, will be segregated from other funds of Corning and will be forthwith deposited to such account or paid over or delivered to KeySpan in the same form as so received (with any necessary endorsement or assignment) to be held as Collateral, or be applied as provided by this Section, as determined by KeySpan, and (b) Corning will not adjust, settle or compromise the amount or payment of any such Account or Contract or release wholly or partly any account debtor or obligor thereof, or allow any discount thereon, other than any discount allowed for prompt payment.
Accounts and Contracts. APL Variable Annuity Account 1: ------------------------------ Privileged Assets(R) Select Annuity (File No. 33-57731).
Accounts and Contracts. While an Event of Default has occurred and is continuing, (i) the Borrower will make no material change to the terms of any Account or Contract without the prior written permission of the Agent, and (ii) the Borrower upon request of the Agent will promptly notify (and the Borrower hereby authorizes the Agent so to notify) each account debtor in respect of any Account or General Intangible that such Collateral has been assigned to the Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Agent or its designee.
Accounts and Contracts. ACCOUNT CONTRACTS ----------------------------------------------------------------------------- Separate Account VA-P Pioneer Vision(SM) & Pioneer Vision(SM) 2 33-85916 811-8848 Pioneer C-Vision(SM) 333-64831 811-8848 Pioneer XtraVision(SM) 333-81017 811-8848 Pioneer No-Load 333-90535 811-8872 Separate Account VA-K Accumulator 333-87099 811-6293 Agency C-Shares 333-38274 811-6293 Fund Quest 333-90543 811-6293 Value Generation (Annuity Scout) 333-87099 811-6293 ExecAnnuity Plus 33-39702 811-6293 Advantage 33-39702 811-6293 Delaware Medallion 33-44830 811-6293 Delaware Golden Medallion 333-81281 811-6293 Immediate Advantage 333-81861 811-6293 Select Separate Account Select Acclaim (Secondary) 333-92115 811-6632 Select Charter (C-Shares) 333-63093 811-6632 Select Resource 33-47216 811-6632 Select Reward (Bonus) 333-78245 811-6632 Separate Account IMO Allmerica VUL 2001 333-84879 811-09529 Select Life Plus 333-84879 811-09529 VUL 2001 Survivorship 333-90995 811-09529 Commonwealth Annuity Separate Account A Commonwealth Preferred Plus 333-141019 811-22024 24 Commonwealth Advantage IV 333-141045 811-22024
Accounts and Contracts. Schedule IV sets forth with respect to each Obligor:
(a) whether any of such Obligor’s accounts receivable with a value in excess of $150,000 are payable by an insurance company under or pursuant to any policy of insurance, and in such case if so, the aggregate amount thereof and the percentage that such amount represents of such Obligor’s accounts, in each case as of a recent specified date; and
(b) to the extent not previously provided to the Lender Parties, a list of, to the extent included as Collateral (as defined in the Amended and Restated Security Agreement) all Material Contracts (as defined in the Amended and Restated Security Agreement) of each Obligor, in each case, which such Material Contract prohibits the grant of a security interest of the assets evidenced or governed by such contract or agreement in favor of the Lender Parties; provided, however, that such list shall not include any such Material Contract that is included as Collateral because the prohibition on the grant of a security interest is rendered ineffective by applicable law of the jurisdiction governing such Material Contract.
