Collection from Third Parties Sample Clauses

Collection from Third Parties. (1) Unless the Lender gives prior written consent, the Borrower’s obligations under this Agreement may not be discharged by any third party other than the Borrower.

Collection from Third Parties. 1. No obligation of Borrower or a Guarantor under this Agreement may be repaid by any third party other than Borrower (excluding, however, any guarantor defined as a Guarantor under this Agreement) without the prior written consent of Agent and All Lenders, except for any repayment by a Guarantor under the guarantee pursuant to this Agreement, any repayment permitted under this article (including any repayment by a third party pursuant to a guarantee agreement or agreement for assumption of obligations set forth in Paragraphs 2 and 3 of this Article 33), or any repayment by a third party pursuant to a guarantee agreement (including an agreement for third party collateral) or agreement for assumption of obligations executed prior to the Execution Date; provided, however, that the foregoing shall not apply if any obligation of Borrower under this Agreement has been accelerated.

Collection from Third Parties. Seller hereby grants Purchaser full authority to take any action or execute any instrument or document to settle all obligations due to Seller from any bank or Processor, or in the case of an occurrence of an Event of Default under Section 3 hereof, to Purchaser under this Agreement, including without limitation (i) to obtain and adjust insurance; (ii) to collect monies due or to become due under or in respect of any of the Purchased Amount; (iii) to receive, endorse and collect any checks, notes, drafts, instruments, documents or chattel paper in connection with clause (i) or clause (ii) above; (iii) to sign Seller ’s name on any invoice, bill of lading, or assignment directing customers or account debtors to make payment directly to Purchaser; (iv) to file any claims or take any action or institute any proceeding that Purchaser may deem necessary for the collection of any of the unpaid Purchased Amount, or otherwise to enforce its rights with respect to payment of the Purchased Amount. I n connection therewith, all costs, expenses and fees, including legal fees, shall be payable by and from Seller and Purchaser is authorized to use Seller ’s funds to pay for same; and (v) Purchaser shall have the right, without waiving any of its rights and remedies and without notice to Seller or any Guarantor, to notify any Credit Card processor of the sale of Future Receipts and re-direct the remittance of daily settlements to an account of Purchaser’s choosing in order to settle all obligations due to Purchaser under this Agreement.

Collection from Third Parties. (1) On and after the date of execution hereof, the Borrower shall not, without the prior written approval of the Agent and all Lenders, entrust a third party to provide a guarantee for the obligations owed by the Borrower under this Agreement (including real guarantees, exclusive, however, of a revolving guarantee and a real guarantee meant to be revolving collateral) or cause a third party to assume or perform the obligations owed by the Borrower hereunder.