Collection From Account Debtors. Upon the occurrence of any Event of Default, the Debtor shall, upon demand by the Secured Party (and without any grace or cure period), notify all account debtors to make payment to the Secured Party of any amounts due or to become due. The Debtor authorizes the Secured Party to contact the account debtors for the purpose of having all or any of them pay their obligations directly to the Secured Party. Upon demand by the Secured Party, the Debtor shall enforce collection of any indebtedness owed to it by account debtors.
Appears in 6 contracts
Samples: Security Agreement (Icm Asset Management Inc/Wa), Security Agreement (Aura Systems Inc), Security Agreement (Icm Asset Management Inc/Wa)
