Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify and/or collect the amount of the Account.
Appears in 34 contracts
Samples: Loan and Security Agreement (Crossroads Systems Inc), Loan and Security Agreement (Aehr Test Systems), Loan and Security Agreement (Exa Corp)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money Account Debtor of Bank’s security interest in the funds Borrower’s Accounts and verify and/or collect the amount of the Accountthem.
Appears in 8 contracts
Samples: Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Mobivity Holdings Corp.), Loan and Security Agreement (Astea International Inc)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s 's security interest in the funds and verify and/or collect the amount of the Account.
Appears in 6 contracts
Samples: Loan and Security Agreement (NMS Communications Corp), Export Import Bank Loan and Security Agreement (Socket Mobile, Inc.), Loan and Security Agreement (Socket Mobile, Inc.)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify and/or collect the amount of the AccountAccount or may invoice, verify and/or collect any amount payable in respect of any Purchase Order.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Audience Inc)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money Account Debtor of Bank’s security interest in the funds Borrower’s Accounts and collect them and/or, at all times when Borrower is not Borrowing Base Eligible or when an Event of Default has occurred and is continuing, verify and/or collect the amount of the Accountthem.
Appears in 4 contracts
Samples: Loan and Security Agreement (Tintri, Inc.), Loan and Security Agreement (Tintri, Inc.), Loan and Security Agreement (Tintri, Inc.)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify (such verifications are to be done in consultation with Borrower, provided that such consultation will not be required upon the occurrence and during the continuance of an Event of Default) and/or collect the amount of the Account.
Appears in 4 contracts
Samples: Loan and Security Agreement (Cyoptics Inc), Export Import Bank Loan and Security Agreement (Cyoptics Inc), Export Import Bank Loan and Security Agreement (Cyoptics Inc)
Accounts Notification/Collection. Bank may notify any Person owing Borrower Borrowers money of Bank’s security interest in the funds and verify and/or and/or, if an Event of Default has occurred and is continuing, collect the amount of the Account.
Appears in 3 contracts
Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify and/or collect the amount of the Account. So long as no Event of Default has occurred and is continuing under this Agreement, any written notification letters to Account Debtors, which may be delivered at Bank’s sole discretion, shall be presented on Borrower’s stationary.
Appears in 2 contracts
Samples: Loan and Security Agreement (Forescout Technologies, Inc), Loan and Security Agreement (Forescout Technologies, Inc)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify and/or collect the amount of the Account; provided, however, while Borrower is Streamline Facility Eligible, Bank will provide notice to Borrower of any such verification and/or collection.
Appears in 2 contracts
Samples: Export Import Bank Loan and Security Agreement (Spire Corp), Loan and Security Agreement (Spire Corp)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money Account Debtor of Bank’s security interest in the funds Borrower’s Accounts and verify and/or and/or, subject to the terms of this Agreement, collect the amount of the Accountthem.
Appears in 1 contract
Accounts Notification/Collection. Bank may notify any Person owing Borrower Debtor money of Bank’s security interest in the funds and verify and/or collect the amount of the Account. After the occurrence of an Event of Default, any amounts received by Debtor shall be held in trust by Debtor for Bank, and, if requested by Bank, Debtor shall immediately deliver such receipts to Bank in the form received from the account debtor, with proper endorsements for deposit.
Appears in 1 contract
Accounts Notification/Collection. Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify and/or collect the amount of the AccountAccount in accordance with the terms of Sections 2.2.7 and 2.4.
Appears in 1 contract
Accounts Notification/Collection. Bank may notify any Person owing Borrower Borrowers money of Bank’s security interest in the funds and verify and/or collect the amount of the AccountAccount in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (MRV Communications Inc)
Accounts Notification/Collection. Bank may may, in its good faith business judgment, notify any Person owing Borrower money of Bank’s 's security interest in the funds and verify (subject to subclause (d) above) and/or collect the amount of the Account.
Appears in 1 contract
Samples: Loan and Security Agreement (Peerless Systems Corp)
Accounts Notification/Collection. Bank may notify any Person owing Borrower money Account Debtor of Bank’s security interest in the funds Borrower’s Accounts and verify and/or collect the amount of the Accountthem.
Appears in 1 contract
Accounts Notification/Collection. Bank may notify any Person owing Borrower money Account Debtor of Bank’s security interest in the funds Borrower’s Accounts, Inventory, and Purchase Order, and verify and/or collect the amount of the Account.them
Appears in 1 contract