Common use of Collection of Accounts, General Intangibles and Negotiable Collateral Clause in Contracts

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 44 contracts

Samples: Guaranty and Security Agreement (Unifi Inc), Guaranty and Security Agreement, Patent Security Agreement

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Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) make direct verification from Account Debtors with respect to any or all Accounts that are part of the Collateral, (b) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and or (bc) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 11 contracts

Samples: Guaranty and Security Agreement (CPI Card Group Inc.), Guaranty and Security Agreement (CVR Energy Inc), Guaranty and Security Agreement (CPI Card Group Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 9 contracts

Samples: Patent Security Agreement (Servicesource International LLC), Patent Security Agreement (Servicesource International LLC), Security Agreement (Bookham, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 7 contracts

Samples: Guaranty and Security Agreement (Brooks Automation Inc), Patent Security Agreement (Power Solutions International, Inc.), Trademark Security Agreement (Jack Cooper Logistics, LLC)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 5 contracts

Samples: Guaranty and Security Agreement (Upland Software, Inc.), Guaranty and Security Agreement (MGP Ingredients Inc), Guaranty and Security Agreement (School Specialty Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Creditors, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Credit Documents.

Appears in 4 contracts

Samples: Patent Security Agreement, Security Agreement, Security Agreement (OCI Partners LP)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 3 contracts

Samples: Security Agreement (Realpage Inc), Security Agreement (Stanadyne Holdings, Inc.), Security Agreement (Quest Software Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may may, (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 3 contracts

Samples: Patent Security Agreement, Patent Security Agreement (Nuverra Environmental Solutions, Inc.), Patent Security Agreement (Nuverra Environmental Solutions, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan applicable Secured Documents.

Appears in 3 contracts

Samples: Security and Pledge Agreement (Horizon Lines, Inc.), Security and Pledge Agreement (Horizon Lines, Inc.), Security and Pledge Agreement (Horizon Lines, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (FTS International, Inc.), Patent Security Agreement (Turning Point Brands, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Security Agreement (Velocity Express Corp), Security Agreement (Baseline Oil & Gas Corp.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersPurchaser Group, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Note Documents.

Appears in 2 contracts

Samples: Securities Purchase Agreement (RXi Pharmaceuticals Corp), Patent Security Agreement (Ap Pharma Inc /De/)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Security Agreement (Boston Gear LLC), Security Agreement (Monotype Imaging Holdings Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may may, subject to the Financing Order, (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (School Specialty Inc), Patent Security Agreement (School Specialty Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Administrative Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Administrative Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Trademark Security Agreement (Turning Point Brands, Inc.), Patent Security Agreement (Turning Point Brands, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group itself and the Bank Product Providersratable benefit of the Holders, or that Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Baseline Oil & Gas Corp.), Security Agreement (Baseline Oil & Gas Corp.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 2 contracts

Samples: Security Agreement (Loud Technologies Inc), Security Agreement (Russ Berrie & Co Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, the Collateral Agent or the Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to the Collateral Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that the Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents and the Senior Note Documents.

Appears in 2 contracts

Samples: Security Agreement (Zayo Group LLC), Security Agreement (Zayo Group LLC)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Ascendia Brands, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Portrait Corp of America, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the Grantors’ Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Grantors’ Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Teltronics Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the such Grantor's Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the such Grantor's Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any reasonable collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Take Two Interactive Software Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersHolder, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Note Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Heron Therapeutics, Inc. /De/)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Canadian Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (American Reprographics CO)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersNoteholder Group, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Indenture, the Notes and the Security Documents.

Appears in 1 contract

Samples: Security Agreement (Nuverra Environmental Solutions, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of DefaultDefault under the Indenture, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group Trustee, the Agent and the Bank Product ProvidersNoteholders, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Indenture Documents.

Appears in 1 contract

Samples: Security Agreement (FTS International, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents and the Senior Note Documents.

Appears in 1 contract

Samples: Security Agreement (American Fiber Systems, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Administrative Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Administrative Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect all amounts payable in respect of the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Hawaiian Holdings Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Execution Version (Perkins & Marie Callender's Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersLenders, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Patrick Industries Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Hawaiian Holdings Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Administrative Agent, for the benefit of the Lender Group itself, as Lender, and the Bank Product ProvidersLenders, or that Administrative Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Northwest Pipe Co)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan First Lien Documents.

Appears in 1 contract

Samples: Security Agreement (Platinum Energy Solutions, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the such Grantor's Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group itself and the Bank Product Providersratable benefit of the Holders, or that Agent has a security interest therein, and (b) collect the such Grantor's Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Dune Energy Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may may, to the extent permitted by law, (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, in connection with the exercise of its remedies hereunder, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Utstarcom Inc)

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Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersPurchaser Group, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Purchase Documents.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents. 15.

Appears in 1 contract

Samples: Guaranty and Security Agreement

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, upon prior written notice to the Borrower, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Sanfilippo John B & Son Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group Holders, Trustee and the Bank Product ProvidersCollateral Agent, or that Collateral Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Note Documents.

Appears in 1 contract

Samples: Security Agreement (Altra Industrial Motion, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the applicable Loan Documents.

Appears in 1 contract

Samples: Security and Pledge Agreement (Horizon Lines, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may may, subject to applicable Laws and the Security Documents, (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Indenture, each Additional Pari Passu Agreement, if any, and the Security Documents.

Appears in 1 contract

Samples: Security Agreement (Exide Technologies)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersHolders, or that Agent has a security interest therein, and (b) collect such Grantor’s Accounts (and maintain any monies collected in Agent’s Account and otherwise in accordance with instructions from the AccountsRequired Holders), General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Financing Documents.

Appears in 1 contract

Samples: Stac Security Agreement (Relationserve Media Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Administrative Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Administrative Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the each Bank Product ProvidersProvider, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Orion Healthcorp Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Hedge Agreement Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Securus Technologies, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersLenders, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Hawaiian Holdings Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersPurchaser Group, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Purchase Documents.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Nuverra Environmental Solutions, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of DefaultDefault (but at no other time), Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Audiovox Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the such Grantor’s Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the such Grantor’s Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Monotype Imaging Holdings Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersLenders, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Patrick Industries Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Credit Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Collateral Agent or Collateral Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Collateral Agent, for the benefit of the Lender Group and the Bank Product Hedging Providers, or that Collateral Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Financing Agreement (Dice Holdings, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, the Agent or the Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to the Agent, for the benefit of the Lender Group and the Bank Product Providers, or that the Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of any Grantor that the such Grantor's Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersGroup, or that Agent has a security interest therein, and (b) collect the such Grantor's Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s 's Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (TB Wood's INC)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of DefaultDefault (but at no other time), Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Second Amended and Restated Security Agreement (VOXX International Corp)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent Lender or AgentLender’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersLender, or that Agent Lender has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan First Lien Documents.

Appears in 1 contract

Samples: Patent Security Agreement (Platinum Energy Solutions, Inc.)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General IntangiblesIntangibles (excluding Intellectual Property), Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product Providers, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Advanced Energy Industries Inc)

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time upon the occurrence and during the continuance of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or Negotiable Collateral of such Grantor have been assigned to Agent, for the benefit of the Lender Group and the Bank Product ProvidersSecured Parties, or that Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral of any Grantor directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Credit Documents.

Appears in 1 contract

Samples: Security Agreement (Arc Document Solutions, Inc.)

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