As to Accounts. (a) Each Grantor shall have the right to collect all Accounts so long as no Event of Default shall have occurred and be continuing.
As to Accounts. (a) Each Grantor shall keep its chief place of business and chief executive office and the office where it keeps its records concerning the Accounts, and the offices where it keeps all originals of all chattel paper which evidence Accounts, at the location therefor specified in Section 4(a) hereof or, upon 30 days' prior written notice to the Agent, at such other locations in a jurisdiction where all actions required by Section 5 hereof shall have been taken with respect to the Accounts. Each Grantor will hold and preserve such records and chattel paper and will permit representatives of the Agent, at any time during normal business hours, to inspect and make abstracts from such records and chattel paper in accordance with Section 5.6 of the Credit Agreement.
As to Accounts. (1) Each Grantor shall keep its chief place of business and chief executive office and the offices where it keeps its records concerning the Accounts, and the offices where it keeps all originals of all chattel paper which evidence Accounts, at the location or locations therefor specified in Section 4(a) or, upon 15 days' prior written notice to the Agent, at such other locations in a jurisdiction where all actions required by Section 5 shall have been taken with respect to the Accounts. Each Grantor will hold and preserve such records and chattel paper and will permit representatives of the Agent, at any time during normal business hours and upon reasonable prior written notice, to inspect and make abstracts from such records and chattel paper in accordance with Section 5.08 of the Credit Agreement.
As to Accounts. (a) Grantor shall keep its chief place of business and chief executive office and the office where it keeps its records concerning the Accounts, and the offices where it keeps all originals of all chattel paper which evidence Accounts, at the location therefor specified in Section 4(a) hereof or, upon 30 days' prior written notice to Collateral Agent, at such other locations in a jurisdiction where all actions required by Section 5 hereof shall have been taken with respect to the Accounts. Grantor will hold and preserve such records and chattel paper and will permit representatives of Collateral Agent, at any time during normal business hours, to inspect and make abstracts from such records and chattel paper.
As to Accounts. (a) Each Grantor shall have the right to collect all Accounts so long as (i) no Event of Default shall have occurred and be continuing and (ii) the Administrative Agent has not delivered the notice referred to in clause (b)(ii) below.
As to Accounts. (a) Each Grantor will hold and preserve records concerning the Accounts and chattel paper which evidence Accounts and will permit representatives of the Collateral Agent, at any time during normal business hours and upon reasonable prior written notice, to inspect and make abstracts from such records and chattel paper in accordance with Section 5.6 of the Credit Agreement.
As to Accounts. (1) The articles of association shall require the issuer to keep proper books of account necessary to give a true and fair view of the issuer’s affairs.
As to Accounts. Each Grantor shall have the right to collect all Accounts so long as no Specified Default shall have occurred and be continuing. Upon (i) the occurrence and continuance of a Specified Default and (ii) the delivery of notice by the Administrative Agent to each Grantor, all Proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Agent for deposit in a Deposit Account of such Grantor maintained with the Administrative Agent (together with any other Accounts pursuant to which any portion of the Collateral is deposited with the Administrative Agent, the “Collateral Accounts”), and such Grantor shall not commingle any such Proceeds, and shall hold separate and apart from all other property, all such Proceeds in express trust for the benefit of the Administrative Agent until delivery thereof is made to the Administrative Agent. Following the delivery of notice pursuant to clause (b)(ii), the Administrative Agent shall have the right to apply any amount in the Collateral Account to the payment of any Liabilities which are due and payable. With respect to each of the Collateral Accounts, it is hereby confirmed and agreed that (i) deposits in such Collateral Account are subject to a security interest as contemplated hereby, (ii) such Collateral Account shall be under the control of the Administrative Agent and (iii) the Administrative Agent shall have the sole right of withdrawal over such Collateral Account.
As to Accounts. (a) Each Grantor shall have the right to collect all Accounts, subject to the other provisions of this Security Agreement.
As to Accounts. Except as otherwise provided herein, Ajax shall continue to collect, at its own expense, all amounts due or to become due to Ajax under the Accounts. Upon the occurrence and during the continuance of an Event of Default, Secured Party shall have the right to notify the debtors or obligers under any Accounts of the assignment of such Accounts to Secured Party and to direct such debtors or obligers to make payment of all amounts due or to become due to Ajax thereunder directly to Secured Party and, upon such notification and at the expense of Ajax, to enforce collection of any such Accounts, and to adjust, settle or comprise the amount or payment thereof, in the same manner and to the same extent as Ajax might have done. After receipt by Ajax of notice that the Secured Party has so notified such debtors or obligors, (i) all amounts and proceedings (including instruments) received by Ajax in respect of the Accounts shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Ajax and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary endorsement) to be held as cash collateral and applied as provided in Section 8 hereof, and (ii) Ajax shall not adjust, settle or compromise the amount or payment of any Account, or release wholly or partly any account debtor or obligor or allow any credit or discount thereon.
