Collection of Accounts, General Intangibles, Negotiable Collateral. At any time after the occurrence and during the continuation of an Event of Default, Lender or its designee may (a) notify Account Debtors of the Debtor that the Accounts, chattel paper, or General Intangibles have been assigned to Lender or that Lender has a security interest therein, or (b) collect the Accounts, chattel paper, or General Intangibles directly and charge the reasonable collection costs and expenses to the Loan Account.
Appears in 4 contracts
Samples: Security Agreement (Easylink Services Corp), Security Agreement (Easylink Services Corp), Security Agreement (Easylink Services Corp)
