Common use of Accounts Notification/Collection Clause in Contracts

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), Export Import Bank Loan and Security Agreement (Aehr Test Systems), Loan and Security Agreement (Exa Corp)

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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 (Socket Mobile, Inc.), Loan and Security Agreement (NMS Communications Corp), 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 (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: First Loan Modification Agreement (Cyoptics Inc), Loan Modification Agreement (Cyoptics Inc), First Loan Modification Agreement (Cyoptics 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 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.), Silicon Valley Bank 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, provided, however, prior to the occurrence and continuance of an Event of Default, Bank will notify Borrower prior to making any direct contact with Borrower’s Account Debtors.

Appears in 2 contracts

Samples: Loan and Security Agreement (Everyday Health, Inc.), Loan and Security Agreement (interCLICK, 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: 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 collect them; provided, however, prior to the amount occurrence and continuance of the Accountan Event of Default, Bank will notify Borrower prior to making any direct contact with Borrower’s Account Debtors.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vericel Corp), Loan and Security Agreement (InsPro Technologies 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

Samples: Loan and Security Agreement (INFOSONICS 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 them; provided, however, prior to the amount occurrence and continuance of the Accountan Event of Default, Bank will notify Borrower prior to making any direct contact with Borrower’s Account Debtors.

Appears in 1 contract

Samples: Loan and Security Agreement (Brightcove Inc)

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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

Samples: Loan and Security Agreement (GigPeak, 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 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 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

Samples: Loan and Security Agreement (Active Power 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 in accordance with the terms of Sections 2.2.7 and 2.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Axesstel 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 verify and/or collect the amount them; provided, however, Bank will notify Borrower prior to making any direct contact with Borrower’s Account Debtors, unless an Event of the AccountDefault has occurred and is continuing.

Appears in 1 contract

Samples: Loan and Security Agreement (SolarEdge Technologies 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 verify and/or collect the amount them; provided, however, that while no Event of the AccountDefault has occurred and is continuing, Bank will notify Borrower prior to making any direct contact with Account Debtors.

Appears in 1 contract

Samples: Loan and Security Agreement (Plug Power 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 verify and/or collect the amount them, provided, however, so long as no Event of the AccountDefault has occurred and is continuing, Bank will notify Borrower prior to making direct contact with an Account Debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (VirtualScopics, 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)

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