Common use of After an Event of Default Clause in Contracts

After an Event of Default. (a) Change the address for delivery of mail to Purchaser and to receive and open mail addressed to Seller; (b) Extend the time of payment of, compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all Accounts and discharge or release any Account Debtor or other obligor (including filing of any public record releasing any lien granted to Seller by such Account Debtor), without affecting any of the Obligations;

Appears in 2 contracts

Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.), Factoring and Security Agreement (ePhoto Image, Inc.)

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After an Event of Default. (a) Change the address for delivery of mail to Purchaser Lender and to receive and open mail addressed to Seller; Borrower; (b) Extend the time of payment of, compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all Accounts and discharge or release any Account Debtor or other obligor (including filing of any public record releasing any lien granted to Seller Borrower by such Account Debtor), without affecting any of the Obligations;

Appears in 2 contracts

Samples: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)

After an Event of Default. (a) Change the address for delivery of mail to Purchaser and to receive and open mail addressed to any Seller; (b) Extend the time of payment of, compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all Accounts and discharge or release any Account Debtor or other obligor (including filing of any public record releasing any lien granted to any Seller by such Account Debtor), without affecting any of the Obligations;

Appears in 1 contract

Samples: Factoring and Security Agreement (Urban Ag. Corp.)

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After an Event of Default. (a) Change the address for delivery of mail to Purchaser and to receive and open mail addressed to Seller; ; (b) Extend the time of payment of, compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all Accounts and discharge or release any Account Debtor account debtor or other obligor (including filing of any public record releasing any lien granted to Seller by such Account Debtoraccount debtor), without affecting any of the Obligations;

Appears in 1 contract

Samples: Financing and Security Agreement (LOCAL Corp)

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