Common use of Accounts Receivable Collection Clause in Contracts

Accounts Receivable Collection. I will collect and otherwise enforce all of my unpaid Accounts Receivable at my cost and expense, until you end my authority to do so, which you may do at any time to protect your best interests. I will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent. I will not commingle the Accounts Receivable proceeds with any of my other property.

Appears in 5 contracts

Samples: Commercial Loan Agreement (MusclePharm Corp), Commercial Loan Agreement (Willdan Group, Inc.), Commercial Loan Agreement (Willdan Group, Inc.)

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Accounts Receivable Collection. I will collect and otherwise enforce all alt of my unpaid Accounts Receivable at my cost and expense, until you end my authority to do so, which you may do at any time to protect your best interests. I will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent. I will not commingle the Accounts Receivable proceeds with any of my other property.

Appears in 1 contract

Samples: Commercial Loan Agreement (Great Plains Ethanol LLC)

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Accounts Receivable Collection. I will collect and otherwise enforce all of my unpaid Accounts Receivable at my cost and expense, until you end my authority to do so, which you may do at any time to protect your best interests. Notwithstanding the foregoing, you agree that you will not end its authority to collect the Company’s unpaid Accounts Receivables until the Company is in default of this Agreement or any other loan Documents. I will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent. I will not commingle the Accounts Receivable proceeds with any of my other property.

Appears in 1 contract

Samples: Commercial Loan Agreement (Optical Cable Corp)

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