Common use of Accounts, Etc Clause in Contracts

Accounts, Etc. (i) Each Grantor shall use all commercially reasonable efforts 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, Chattel Paper or General Intangible (including, without limitation, Accounts, Chattel Paper or General Intangibles which are delinquent, such Accounts, Chattel Paper or General Intangibles 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, Chattel Paper or General Intangibles. The costs and expenses (including, without limitation, reasonable attorneys’ fees actually incurred) of collection of Accounts incurred by such Grantor or the Administrative Agent shall be borne by the Grantors. (ii) Upon the occurrence and during the continuance of any Event of Default, upon request of the Administrative Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Administrative Agent to so notify) each Account Debtor in respect of any Account, Chattel Paper, General Intangible or Instrument that such Collateral has been pledged to the Administrative Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Administrative Agent or its designee; provided that the Administrative Agent may itself, if an Event of Default shall have occurred and be continuing, without notice to or demand upon the Grantor, so notify such Account Debtors and other persons obligated on any such Collateral. (iii) Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General Intangibles.

Accounts, Etc. (i) Each Grantor shall use all commercially 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, Chattel Paper or General Intangible Account (including, without limitation, Accounts, Chattel Paper or General Intangibles Accounts which are delinquent, such Accounts, Chattel Paper or General Intangibles 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, Chattel Paper or General Intangibles. The costs and expenses (including, without limitation, reasonable attorneys’ fees actually incurred' fees) of collection of Accounts incurred by such Grantor or the Administrative Collateral Agent shall be borne by the Grantors. (ii) Upon the occurrence and during the continuance of any Event of Default, upon request of the Administrative Collateral Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Administrative Collateral Agent so to so notify) each Account Debtor in respect of any Account, Chattel Paper, General Intangible Account or Instrument that such Collateral has been pledged assigned to the Administrative Collateral Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Administrative Collateral Agent or its designee; provided that the Administrative Agent may itself, if an Event of Default shall have occurred and be continuing, without notice to or demand upon the Grantor, so notify such Account Debtors and other persons obligated on any such Collateral. (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.

Accounts, Etc. (i) Each Grantor Grantors shall use all commercially 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, Chattel Paper or General Intangible Account (including, without limitation, Accounts, Chattel Paper or General Intangibles Accounts which are delinquent, such Accounts, Chattel Paper or General Intangibles 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, Chattel Paper or General Intangibles. The reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees actually incurredattorney's fees) of collection of Accounts incurred by such Grantor Grantors or the Administrative Agent Agent, shall be borne by the Grantors. (ii) Upon the occurrence and during the continuance of any Event of Default, upon request of the Administrative 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 Administrative Agent so to so notify) each Account Debtor in respect of any Account, Chattel Paper, General Intangible Account or Instrument that such Collateral has been pledged assigned to the Administrative Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Administrative Agent or its designee; provided that the Administrative Agent may itself, if an Event of Default shall have occurred and be continuing, without notice to or demand upon the Grantor, so notify such Account Debtors and other persons obligated on any such Collateral. (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.

Accounts, Etc. (i) i. Each Grantor shall use all commercially 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, Chattel Paper or General Intangible Account (including, without limitation, Accounts, Chattel Paper or General Intangibles Accounts which are delinquent, such Accounts, Chattel Paper or General Intangibles 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, Chattel Paper or General Intangibles. The reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees actually incurredattorney's fees) of collection of Accounts incurred by such Grantor the Grantors or the Administrative Agent 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 Administrative Collateral Agent, each Grantor will promptly notify (and each Grantor hereby authorizes the Administrative Collateral Agent so to so notify) each Account Debtor in respect of any Account, Chattel Paper, General Intangible Account or Instrument that such Collateral has been pledged assigned to the Administrative Collateral Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Administrative Collateral Agent or its designee; provided that the Administrative Agent may itself, if an Event of Default shall have occurred and be continuing, without notice to or demand upon the Grantor, so notify such Account Debtors and other persons obligated on any such Collateral. (iii) . Each Grantor will perform and comply in all material respects with all of its obligations in respect of Accounts, Instruments and General Intangibles.