Collection and Administration of Accounts. 6.1. Borrower shall direct its customers to send the proceeds of Accounts to an address or deposit account as directed by Lender. 6.2. In the event Borrower receives proceeds of Collateral in the form of a wire transfer or other intangible funds transfer mechanism, Borrower shall immediately pay such proceeds to Lender.
Appears in 3 contracts
Samples: Loan and Security Agreement (Jones Soda Co), Loan and Security Agreement (Jones Soda Co), Loan and Security Agreement (Synthetech Inc)
