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, 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.

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 Account, them; 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.

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 Account, them; 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, unless an Event of Default has occurred and is continuing.

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 Account, them; provided, however, prior to the occurrence and continuance of an that while no Event of DefaultDefault has occurred and is continuing, Bank will notify Borrower prior to making any direct contact with Borrower’s Account Debtors.

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, provided, however, prior to the occurrence and continuance of an so long as no Event of DefaultDefault has occurred and is continuing, Bank will notify Borrower prior to making any direct contact with Borrower’s an Account DebtorsDebtor.

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 Account, them; 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.