Accounts Collection. At any time after the occurrence and during the continuance of an Event of Default, DPW may notify any Person owing funds to Borrower of DPW’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for DPW, receive in trust all payments as DPW’s trustee, and immediately deliver such payments to DPW 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 (DPW Holdings, Inc.), Loan Agreement (Digital Power Corp)
