Common use of ADDITIONAL OPTIONAL REQUIREMENTS Clause in Contracts

ADDITIONAL OPTIONAL REQUIREMENTS. Each Debtor agrees that the Creditors may, at their option at any time, whether or not any Debtor is in default: (a) Require the Debtors to deliver to the Creditors (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time, with or without prior notice, upon the property where any Collateral or any Books and Records are located. (c) Require each Debtor to deliver to the Creditors any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Creditors the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the Creditors’ interest in the Collateral.

Appears in 4 contracts

Samples: Security Agreement (Creatd, Inc.), Security Agreement (Anpath Group, Inc.), Security Agreement (Anpath Group, Inc.)

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