Common use of Collection Notices Clause in Contracts

Collection Notices. The Administrator is authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller hereby transfers to the Administrator for the benefit of the Secured Parties, effective when the Administrator delivers such notice, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the Administrator. In case any authorized signatory of Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller hereby authorizes the Administrator, and agrees that the Administrator shall be entitled (i) at any time after delivery of the Collection Notices, to endorse Seller’s name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts and the Related Security, and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator rather than Seller.

Collection Notices. The Administrator Administrative Agent, for the benefit of the Purchasers, is authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization a Collection Notice Event to date and to deliver to the Collection Banks the a Collection NoticesNotice under any Collection Agreement. The Seller hereby transfers to the Administrator Administrative Agent, for the benefit of the Secured PartiesPurchasers, effective when the Administrator Administrative Agent delivers such notice, the exclusive ownership and control of each the Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the AdministratorAccounts. In case any authorized signatory of the Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. The Seller hereby authorizes the AdministratorAdministrative Agent, for the benefit of the Purchasers, and agrees that the Administrator Administrative Agent shall be entitled to (i) at any time after delivery of endorse the Collection Notices, to endorse Seller’s name on checks and other instruments representing CollectionsCollections from and after delivery of any Collection Notice, (ii) at any time from and after the occurrence of an Amortization Eventa Servicer Default, to enforce the Receivables, the related Contracts Invoices and the Related Security, and (iii) at any time from and after the occurrence of an Amortization a Collection Notice Event, subject to the other provisions of this Agreement, take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Administrative Agent rather than the Seller.

Collection Notices. The Administrator is authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller hereby transfers to the Administrator for the benefit of the Secured Parties, effective when the Administrator delivers such notice, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Lock- Box and Collection Account as requested by the Administrator. In case any authorized signatory of Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller hereby authorizes the Administrator, and agrees that the Administrator shall be entitled (i) at any time after delivery of the Collection Notices, to endorse Seller’s name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts and the Related Security, and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator rather than Seller.

Collection Notices. The Administrator is Administrative Agent and, if applicable, the TPF Agent are authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller Borrower hereby transfers to the Administrator Administrative Agent and, if applicable, the TPF Agent for the benefit of the Secured PartiesAgents and the Lenders, effective when the Administrator Administrative Agent or, if applicable, the TPF Agent delivers such notice, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the AdministratorAccounts. In case any authorized signatory of Seller Borrower whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller Borrower hereby authorizes the AdministratorAdministrative Agent, and agrees that the Administrator Administrative Agent shall be entitled (i) at any time after delivery of the Collection Notices, to endorse Seller’s Borrower's name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts and the Related Security, and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Administrative Agent rather than SellerBorrower.

Collection Notices. The Administrator is Administrative Agent and, if applicable, the TPFC Agent are each authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller Borrower hereby transfers to the Administrator Administrative Agent and, if applicable, the TPFC Agent for the benefit of the Secured PartiesAgents and the Lenders, effective when the Administrator Administrative Agent or, if applicable, the TPFC Agent delivers such noticeCollection Notices, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the AdministratorAccounts. In case any authorized signatory of Seller Borrower whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller Borrower hereby authorizes the AdministratorAdministrative Agent, and agrees that the Administrator Administrative Agent shall be entitled (i) at any time after delivery of the Collection Notices, to endorse Seller’s Borrower's name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts Receivables and the Related Security, and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Administrative Agent rather than SellerBorrower and applied against the Obligations.

Collection Notices. The Administrator Administrative Agent is authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller Borrower hereby transfers to the Administrator Administrative Agent and, if applicable, the TPF Agent for the benefit of the Secured PartiesAgents and the Lenders, effective when the Administrator Administrative Agent or, if applicable, the TPF Agent delivers such notice, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the AdministratorAccounts. In case any authorized signatory of Seller Borrower whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller Borrower hereby authorizes the AdministratorAdministrative Agent, and agrees that the Administrator Administrative Agent shall be entitled (i) at any time after delivery of the Collection Notices, to endorse SellerBorrower’s name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts and the Related Security, and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Administrative Agent rather than SellerBorrower.

Collection Notices. The Administrator Agent is authorized at any time after the occurrence of an Amortization Event or an Unmatured a Potential Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller hereby transfers to the Administrator Agent for the benefit of the Secured PartiesPurchasers, effective when the Administrator Agent delivers such notice, the exclusive ownership dominion and control and "control" (within the meaning of Section 9-104 of the UCC of all applicable jurisdictions) of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify and the name on each Lock-Box and Collection Account as requested by the Administratoramounts deposited therein. In case any authorized signatory of Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller hereby authorizes the AdministratorAgent, and agrees that the Administrator Agent shall be entitled to (i) at any time after delivery of the Collection Notices, to endorse Seller’s 's name on checks and other instruments representing Collections, (ii) at any time after the occurrence of an Amortization Event, to enforce the Receivables, the related Contracts and the Related Security, Security and (iii) at any time after the occurrence of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Agent rather than Seller.

Collection Notices. The Administrator Agent is authorized at any time after the occurrence of an Amortization Event or an Unmatured Amortization Event to date and to deliver to the Collection Banks the Collection Notices; provided, however, that unless an Amortization Event or a Servicer Default exists and is continuing, the Agent shall give Seller at least two (2) Business Days' notice of its intention to deliver any Collection Notice(s). Seller hereby transfers to the Administrator Agent for the benefit of the Secured PartiesPurchasers, effective when the Administrator Agent delivers such notice, the exclusive ownership and control of each Lock-Box and the Collection Accounts and, in connection therewith, agrees to cause each Collection Bank to modify the name on each Lock-Box and Collection Account as requested by the AdministratorAccounts. In case any authorized signatory of Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. Seller hereby authorizes the AdministratorAgent, and agrees that the Administrator Agent shall be entitled (i) at any time from and after delivery of the Collection Notices, to endorse Seller’s 's name on checks and other instruments representing Collections, (ii) at any time from and after the occurrence and during the continuance of an Amortization Event, to enforce the Receivables, the related Contracts Invoices and the Related Security, Security and (iii) at any time from and after the occurrence and during the continuance of an Amortization Event, to take such action as shall be reasonably necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Administrator Agent rather than Seller.