Accounts, Etc. i. Each Grantor shall use all reasonable efforts consistent with prudent business practice to cause to be collected from its Account Debtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable costs and expenses (including, without limitation, reasonable attorney's fees) of collection of Accounts incurred by the Grantors or the Collateral Agent, shall be borne by the Grantors, jointly and severally. ii. Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Collateral Agent so to notify) each Account Debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Agent or its designee. iii. Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General Intangibles.
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Samples: Security Agreement (Minimed Inc)
Accounts, Etc. i. (i) Each Grantor shall use all reasonable efforts consistent with prudent business practice practice, and the past practices of PRGX and its Subsidiaries, to cause to be collected from its Account Debtors, as and when due, any and all amounts owing under or on account of each Account account receivable (including, without limitation, Accounts accounts receivable which are or become delinquent, such Accounts accounts receivable to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Accountaccounts receivable. The reasonable costs and expenses (including, without limitation, reasonable attorney's feesattorneys’ fees actually incurred) of collection of Accounts accounts receivable incurred by the Grantors such Grantor or the Collateral Agent, Administrative Agent shall be borne by the Grantors, jointly and severally.
(ii. ) Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral Administrative Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Collateral Administrative Agent so to notify) each Account Debtor in respect of any Account or Instrument included as Collateral that such Collateral has been assigned to the Collateral Administrative Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Administrative Agent or its designee.
(iii. ) Each Grantor will perform and comply in all material respects with all of its obligations in respect of material Accounts, Instruments and General Intangibles.
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Accounts, Etc. i. (i) Each Grantor shall use all reasonable efforts consistent with prudent business practice to cause to be collected from its Account Debtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable costs and expenses (including, without limitation, reasonable attorney's attorneys' fees) of collection of Accounts incurred by the Grantors such Grantor or the Collateral Agent, Agent shall be borne by the Grantors, jointly and severally.
(ii. ) Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Collateral Agent so to notify) each Account Debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Agent or its designee.
(iii. ) Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General IntangiblesIntangibles except where the failure to perform or comply could not reasonably be expected to have a Material Adverse Effect.
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Accounts, Etc. i. (i) Each Grantor shall use all reasonable efforts consistent with prudent business practice to cause to be collected from its Account Debtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable costs and expenses (including, without limitation, reasonable attorney's feesattorneys’ fees actually incurred) of collection of Accounts incurred by such Grantor or Administrative Agent (to the Grantors extent permitted hereunder or under the Collateral Agent, Credit Agreement) shall be borne by the Grantors, jointly and severally.
(ii. ) Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral Administrative Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Collateral Administrative Agent so to notify) each Account Debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Administrative Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Administrative Agent or its designee.
(iii. ) Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General Intangibles.
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Samples: Security Agreement (Exactech Inc)
Accounts, Etc. i. Each Grantor (i) The Borrower shall use all reasonable efforts consistent with prudent business practice to cause to be collected from its Account Debtorsdebtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable costs and expenses (including, without limitation, reasonable attorney's fees) of collection of Accounts incurred by the Grantors Borrower or the Collateral Agent, Lender shall be borne by the Grantors, jointly and severallyBorrower.
(ii. ) Upon the occurrence and during the continuance of any Event Even of Default, upon request of the Collateral AgentLender, each Grantor the Borrower will promptly notify (and each Grantor the Borrower hereby authorizes the Collateral Agent Lender so to notify) each Account Debtor debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Agent Lender hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Agent Lender or its designee.
(iii. Each Grantor ) The Borrower will perform and comply in all material respects with all of its material obligations in respect of Accounts, Instruments Accounts and General IntangiblesInstruments.
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Samples: Security Agreement (Purus Inc)
Accounts, Etc. i. Each Grantor (i) Grantors shall use all reasonable efforts consistent with prudent business practice and the customary practices of Grantors as in effect on the Closing Date to cause to be collected from its their Account Debtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorney's fees) of collection of Accounts incurred by the Grantors or the Collateral Agent, shall be borne by the Grantors, jointly and severally.
(ii. ) Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral AgentAgent (and subject to the Intercreditor Agreement), each Grantor Grantors will (subject, in the case of Revolver Priority Collateral, to Grantor's obligations to the Revolver Agent under the Revolver Credit Agreement) promptly notify (and each Grantor Grantors hereby authorizes the Collateral Agent so to notify) each Account Debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Agent or its designee.
(iii. Each Grantor ) Grantors will perform and comply in all material respects with all of its their obligations in respect of Accounts, Instruments and General Intangibles.
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Accounts, Etc. i. (i) Each Grantor shall use all reasonable efforts consistent with prudent business practice to cause to be collected from its Account Debtors, as and when due, any and all amounts owing under or on account of each Account (including, without limitation, Accounts which are delinquent, such Accounts to be collected in accordance with lawful collection procedures) and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account. The reasonable costs and expenses (including, without limitation, reasonable attorney's feesattorneys’ fees actually incurred) of collection of Accounts incurred by the Grantors such Grantor or the Collateral Agent, Administrative Agent shall be borne by the Grantors, jointly and severally.
(ii. ) Upon the occurrence and during the continuance of any Event of Default, upon request of the Collateral Administrative Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Collateral Administrative Agent so to notify) each Account Debtor in respect of any Account or Instrument that such Collateral has been assigned to the Collateral Administrative Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Administrative Agent or its designee.
(iii. ) Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General Intangibles.
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