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, Lender or Lender's designee may (a) notify Account Debtors of Borrower that Borrower's Accounts, chattel paper, or General Intangibles have been assigned to Lender or that Lender has a security interest therein, or (b) collect Borrower's Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Borrower agrees that it will hold in trust for Lender, as Lender's trustee, any of its or its Subsidiaries' Collections that it receives and immediately will deliver such Collections to Lender or a Cash Management Bank in their original form as received by Borrower 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, Lender or Lender's designee may (a) notify Account Debtors of Borrower that Borrower's Accounts, chattel paper, or General Intangibles have been assigned to Lender or that Lender has a security interest therein, or (b) collect Borrower's Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Borrower agrees that it will hold in trust for Lender, as Lender's trustee, any of its or its Subsidiaries' Collections that it receives and immediately will deliver such Collections to Lender or a Cash Management Bank in their original form as received by Borrower or its SubsidiariesBorrower.

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

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

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

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

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

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

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

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

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

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

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