Common use of Accounts and General Intangibles Clause in Contracts

Accounts and General Intangibles. Debtor will, except as otherwise provided herein, collect, at Debtor’s own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Debtor may and, at Lender’s direction, will take such action not otherwise forbidden herein as Debtor or Lender may deem reasonably necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Debtor will also duly perform and cause to be performed all of its material obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Debtor also covenants and agrees to take any action and/or execute any documents that Lender may reasonably request in order to comply with law relating to the assignment of the accounts.

Appears in 5 contracts

Samples: Loan and Security Agreement (Blue Dolphin Energy Co), Loan and Security Agreement (Blue Dolphin Energy Co), Loan and Security Agreement (Avatar Systems Inc)

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Accounts and General Intangibles. Debtor will, except as otherwise provided herein, collect, at Debtor’s own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Debtor may and, at Lender’s direction, will take such action not otherwise forbidden herein as Debtor or Lender may deem reasonably necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Debtor will also duly perform and cause to be performed all of its material obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Debtor also covenants and agrees to take any action and/or execute any documents that Lender may reasonably request in order to comply with law relating to the assignment of the accounts. LOAN AND SECURITY AGREEMENT – PAGE 17 THERMO COMMUNICATIONS FUNDING, LLC – PVBJ, INC.

Appears in 1 contract

Samples: Loan and Security Agreement (H/Cell Energy Corp)

Accounts and General Intangibles. Debtor will, except as otherwise provided herein, collect, at Debtor’s own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Debtor may and, at LenderCollateral Agent’s direction, will take such action not otherwise forbidden herein as Debtor or Lender Collateral Agent may deem reasonably necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Debtor will also duly perform and cause to be performed all of its material obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Debtor also covenants and agrees to take any action and/or execute any documents that Lender Collateral Agent may reasonably request in order to comply with law relating to the assignment of the accounts.

Appears in 1 contract

Samples: Security Agreement (Northstar Healthcare Inc)

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Accounts and General Intangibles. Debtor Debtors will, except as otherwise provided herein, collect, at DebtorDxxxxx’s own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Debtor Debtors may and, at LenderLxxxxx’s direction, will take such action not otherwise forbidden herein as Debtor Debtors or Lender may deem reasonably necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Debtor Debtors will also duly perform and cause to be performed all of its material obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Each Debtor also covenants and agrees to take any action and/or execute any documents that Lender Lxxxxx may reasonably request in order to comply with law relating to the assignment of the accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (AmeriCrew Inc.)

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