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 after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Company.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies each Loan Party that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Loan Party agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Companysuch Loan Party.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paperChattel Paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paperChattel Paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company agrees Borrower shall hold any Collections that it will hold receives in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies the Loan Parties that the Accounts, chattel paper, or General Intangibles constituting Collateral have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles constituting Collateral directly and charge the collection costs and expenses to the Loan Account. Each Company Loan Parties agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyLoan Party.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan AccountAccounts. Each Company agrees Borrowers agree that it they will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives they receive and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Companythem.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paperChattel Paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paperChattel Paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company agrees Borrower shall hold any Collections that it will hold receives in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Default Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paperChattel Paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paperChattel Paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Default Agent or Agent’s designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paperChattel Paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paperChattel Paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company agrees The Borrower shall hold any Collections that it will hold receives in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paper, paper or General Intangibles have been assigned to Agent or that Agent has a security interest therein, therein or (b) collect the Accounts, chattel paper, paper or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation continuance of an Event of Default, Agent or Agent’s its designee may (a) notify customers or Account Debtors of Companies each Borrower that the Accounts, chattel paper, paper or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or and (b) collect the Accounts, chattel paper, paper or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company , and each Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s Agent's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Companysuch Borrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan AccountAccount (or a sub-account thereof, as applicable). Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyLoan Party.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender GroupAgent, as the Lender GroupAgent’s trustee, any of its or its Subsidiaries’ Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections on account of Collateral that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable CompanyBorrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrower that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives they receive and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Companythem.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Obligors that the Obligors' Accounts, chattel paper, paper or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Obligors' Accounts, chattel paper, paper or General Intangibles directly and charge the collection costs and expenses to the Loan Accountdirectly. Each Company Obligor agrees that it will hold in trust for the Lender Investor Group, as the Lender Investor Group’s 's trustee, any of its or its Subsidiaries' Collections that it receives and immediately will deliver said such Collections to Agent or a Cash Management Bank in their original form as received by the applicable Companysuch Obligor or its Subsidiaries.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies Borrowers that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company Borrower agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Concentration Account Bank in their original form as received by the applicable Companysuch Borrower.

Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s 's designee may (a) notify Account Debtors of Companies that the Accounts, chattel paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Each Company agrees that it will hold in trust for the Lender Group, as the Lender Group’s 's trustee, any Collections that it receives and immediately will deliver said Collections to Agent or a Cash Management Bank in their original form as received by the applicable Company.