Common use of Accounts Collection Clause in Contracts

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 137 contracts

Samples: Loan and Security Agreement (Siebert Financial Corp), Loan and Security Agreement (Max International Inc), Loan and Security Agreement (Precision Biosciences Inc)

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Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 107 contracts

Samples: Loan and Security Agreement (Click2learn Com Inc), Loan and Security Agreement (Dpac Technologies Corp), Loan and Security Agreement (Socket Mobile, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 48 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Maxim Pharmaceuticals Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 38 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Ramtron International Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 26 contracts

Samples: Loan and Security Agreement (Zedge, Inc.), Loan and Security Agreement (iSpecimen Inc.), Loan and Security Agreement (908 Devices Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 21 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Rocket Fuel Inc.), Loan and Security Agreement (Rocket Fuel Inc.)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 12 contracts

Samples: Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Spectrum Global Solutions, Inc.), Loan and Security Agreement (Quicklogic Corporation)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 10 contracts

Samples: Loan and Security Agreement (Cas Medical Systems Inc), Loan and Security Agreement (Nuvasive Inc), Loan and Security Agreement (Spy Optic Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 8 contracts

Samples: Loan and Security Agreement (Women Com Networks Inc), Loan and Security Agreement (Verity Inc \De\), Loan and Security Agreement (Freeshop Com Inc)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 7 contracts

Samples: Loan and Security Agreement (Silvaco Group, Inc.), Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX LTD)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. ; and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 6 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Hubspot Inc), Loan and Security Agreement (Hubspot Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. , and Borrower shall must collect all amounts owing to Borrower payments received from such Persons in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 6 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Borrower Agreement (Impinj Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Northern Star Acquisition Corp.), Loan and Security Modification Agreement (Winc, Inc.), Loan and Security Agreement (Winc, Inc.)

Accounts Collection. At any time after Effective only upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: August 1999 Loan Modification Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (K2 Therapeutics, Inc.), Loan and Security Agreement (Verenium Corp), Loan and Security Agreement (Verenium Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Compass Therapeutics, Inc.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE), Loan and Security Agreement (SendGrid, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (Villageedocs Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of ------------------- an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Samples: Loan and Security Agreement (Silicon Gaming Inc), Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Seachange International Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to any Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (Warby Parker Inc.), Loan and Security Agreement (Upland Software, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtorAccount Debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Socket Mobile, Inc.)

Accounts Collection. At any time after In the occurrence and during the continuation of event that an Event of DefaultDefault occurs and is continuing, Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify and/or collect the amount of such the Account. Any amounts received by Borrower shall collect all amounts owing to be held in trust by Borrower for Bank, receive in trust all payments as and, if requested by Bank’s trustee, and Borrower shall immediately deliver such payments receipts to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Datawatch Corp), Export Import Bank Loan and Security Agreement (Aspen Technology Inc /De/), Export Import Bank Loan and Security Agreement (Ibasis Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect for Bank all amounts owing to Borrower for BankBorrowers, receive in trust all such payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Uni-Pixel), Loan and Security Agreement (Uni-Pixel)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance ------------------- of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Audible Inc), Loan and Security Agreement (Astea International Inc), Loan and Security Agreement (Natural Microsystems Corp)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Smartbargains, Inc.), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Trubion Pharmaceuticals, Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank ------------------- may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Aml Communications Inc), Loan and Security Agreement (Lantronix Inc)

Accounts Collection. At any time after during the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and during its continuance, Bank may notify any Person owing funds to any Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Each Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and and, whether or not an Event of Default has occurred, verify the amount of such AccountBorrower’s Accounts. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately promptly deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Evolving Systems Inc), Loan Agreement (Evolving Systems Inc), Loan and Security Agreement (Evolving Systems Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Everbridge, Inc.), Loan and Security Agreement (Everbridge, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Allena Pharmaceuticals, Inc.), Loan and Security Agreement (Unum Therapeutics, Inc.), Loan and Security Agreement (Unum Therapeutics, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Latch, Inc.), Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (Identiv, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Trupanion Inc.), Loan and Security Agreement (Trupanion Inc.)

Accounts Collection. At any time after the occurrence of an Event of Default and during the continuation of an Event of Defaultthereof, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Accounts Collection. At any time after After the occurrence and during the continuation of an Event of DefaultDefault that continues, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for BankBorrower, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all such amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Jl Halsey Corp), Loan and Security Agreement (Lyris, Inc.), Loan and Security Agreement (Lyris, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------ continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to any Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Obalon Therapeutics Inc), Loan and Security Agreement (Everyday Health, Inc.)

Accounts Collection. At any time after After the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cygnus Inc /De/), Loan and Security Agreement (Cardiac Pathways Corp)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect for Bank all amounts owing to Borrower for BankBorrowers, receive in trust all such payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.), Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Everside Health Group, Inc.), Loan and Security Agreement (Icad Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Realnetworks Inc), Loan and Security Agreement (Pac-West Telecomm Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds WEST\291919990.7 and verify the amount of such Account. At any time after the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Accounts Collection. At any time after Effective only upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Account Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Maker Communications Inc), Loan and Security Agreement (Maker Communications Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for depositdeposits.

Appears in 2 contracts

Samples: Loan and Security Agreement (General Magic Inc), Loan and Security Agreement (General Magic Inc)

Accounts Collection. At any time after the occurrence and during the continuation of when an Event of DefaultDefault has occurred and is continuing, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Calypte Biomedical Corp), Loan and Security Agreement (Connetics Corp)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Versata Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately promptly (within one (1) Business Day) deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------- continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan Modification Agreement (Interwoven Inc), Loan and Security Agreement (Pointshare Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. During the existence of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of DefaultDefault that is continuing, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence of an Event of Default that is continuing, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inari Medical, Inc.), Loan and Security Agreement (Inari Medical, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues and notice thereof has been given by Bank to the Company if required under this Agreement, Bank may notify any Person owing funds to any Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Each Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (BioNano Genomics, Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------- continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Matrixone Inc), Loan and Security Agreement (Manhattan Associates Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Arcturus Therapeutics Ltd.), Loan and Security Agreement (Rainmaker Systems Inc)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

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Accounts Collection. At any time after the occurrence and during the continuation of an Event of DefaultDefault unless cured to the satisfaction of (or waived by) Bank, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Cytosorbents Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers, or any one of them, of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Convio, Inc.), Loan and Security Agreement (Convio, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of If an Event of DefaultDefault has occurred and is continuing, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pharmchem Laboratories Inc), Loan and Security Agreement (Pharmchem Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. During the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.amounts

Appears in 1 contract

Samples: Loan and Security Agreement (Allena Pharmaceuticals, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and and, upon Bank’s request, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan Agreement (PointClickCare Corp.)

Accounts Collection. At any time after Upon the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuko Information Systems Inc /Ca/)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (TorreyPines Therapeutics, Inc.)

Accounts Collection. At any time after Upon the occurrence of and during the continuation continuance of an any Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to a Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Photonix Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower or any Subsidiary of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower or nay Subsidiary for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Hie Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance ------------------- of an Event of Default, Bank may notify any Person account debtor owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Market Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, at any time during the term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Image Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Limeade, Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.. 24

Appears in 1 contract

Samples: Loan and Security Agreement (Concord Communications Inc)

Accounts Collection. At any time after In the occurrence and during the continuation of event that an Event of DefaultDefault occurs and is continuing, Bank may notify any Person owing funds to any Borrower money of Bank’s 's security interest in such the funds and verify or collect the amount of such the Account. Borrower Borrowers shall collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Networks Inc)

Accounts Collection. At any time after Upon the occurrence of and during the continuation continuance of an any Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Accounts Collection. At any time after the occurrence Upon and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Accounts Collection. At any time after After the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Aspect Medical Systems Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. , and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Orasure Technologies Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Crystal Decisions Inc)

Accounts Collection. At any time after After the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan Modification Agreement (Alteon Websystems Inc)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Quicklogic Corporation)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds that is indebted to Borrower on any Account or other obligation of Bank’s 's security interest in such funds and obligation, verify the amount amount, and take action to collect it. Borrower will collect all proceeds of such Account. Borrower shall collect all amounts owing to Borrower obligations in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments the proceeds to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Crossworlds Software Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form fonn as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Olo Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtorAccount Debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Adept Technology Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. So long as an Event of Default shall continue, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Asyst Technologies Inc /Ca/)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to either Borrower of Bank’s security interest in such funds and verify the amount of such Account. Such Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteinsimple)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower which constitute part of the Collateral of Bank’s security interest in 's Lien against such funds and verify the amount of such Accountfunds. Borrower shall collect all amounts owing to Borrower which constitute part of the Collateral for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtorAccount Debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Vans Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any and Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from form the account Account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Heat Biologics, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of ---- -------------------- an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Seachange International Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of DefaultDefault under this Agreement, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Solutions/Ca/)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Vidamed Inc)

Accounts Collection. At any time after the occurrence After and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Medicines Co/ Ma)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to any Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to any Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Isky Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------- continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. ; Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Evolving Systems Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. , and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (Cepheid)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds finds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Samples: Loan and Security Agreement (TheRealReal, Inc.)

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