Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Samples: Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Phase2media Inc)
Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing any Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Each Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. During the existence of an Event of Default, Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When During the time an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
Appears in 1 contract
Samples: Loan and Security Agreement (Plumtree Software Inc)
Accounts Collection. When an Event of Default occurs and continues, ------------------- (a) Bank may notify any Person owing Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. , and (b) Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing either Borrower money of Bank's security interest in the funds and verify the amount of the Account. , and each Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Upon the occurrence and continuation of an Event of Default, Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. , and Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing any Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Borrower Borrowers must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)
Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Upon the occurrence and during the continuance of an Event of Default, Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing either Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Borrower Upon the occurrence and during the continuance of an Event of Default, Borrowers must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
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Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.. 9.4
Appears in 1 contract
Samples: Loan and Security Agreement (Tanisys Technology Inc)
Accounts Collection. When an Event of Default occurs and continues, ------------------- Bank may notify any Person owing Borrower money of Bank's ’s security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately promptly deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
Appears in 1 contract
Samples: Loan and Security Agreement (Paradigm Genetics Inc)
Accounts Collection. When an Event of Default occurs and continues, ------------------- -------------------- Bank may notify any Person owing Borrower money of Bank's security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the payments to Bank in the form received from the account debtor, with proper endorsements for deposit.
Appears in 1 contract
Samples: Loan and Security Agreement (Bio Imaging Technologies Inc)