Accounts Notification/Collection. At all times that Borrower is not Borrowing Base Eligible or an Event of Default has occurred and is continuing, Bank may notify any Account Debtor of Bank’s security interest in the Borrower’s Accounts and verify.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mobitv Inc), Loan and Security Agreement (Mobitv Inc)
Accounts Notification/Collection. At all times that Borrower is not Borrowing Base Eligible or an Event of Default has occurred and is continuing, Bank may notify any Account Debtor of Bank’s security interest in the Borrower’s Accounts and verifyverify and/or collect them.
Appears in 2 contracts
Samples: Loan and Security Agreement (Edgar Online Inc), Loan and Security Agreement (Aehr Test Systems)