Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 6.
Appears in 6 contracts
Samples: Loan and Security Agreement (Falcon Products Inc /De/), Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (Kinetek Inc)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 6.
Appears in 5 contracts
Samples: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Bayou Steel Corp)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox or blocked account established pursuant to subsection 67.2.
Appears in 4 contracts
Samples: Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox or a blocked account established pursuant to subsection 6.
Appears in 4 contracts
Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 66.2.
Appears in 3 contracts
Samples: Loan and Security Agreement (Cambium Learning Group, Inc.), Loan and Security Agreement (Rewards Network Inc), Loan and Security Agreement (Mfri Inc)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 67.2.
Appears in 2 contracts
Samples: Loan and Security Agreement (Power Solutions International, Inc.), Loan and Security Agreement (Power Solutions International, Inc.)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 6.
Appears in 2 contracts
Samples: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower or any other Loan Party for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 65.2.
Appears in 2 contracts
Samples: Loan Agreement (Katy Industries Inc), Loan Agreement (Katy Industries Inc)
Collection of Accounts, Proceeds of Collateral. Each Borrower ---------------------------------------------- agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 66.2.
Appears in 1 contract
Samples: Loan and Security Agreement (Falcon Products Inc /De/)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox or Collection Account established pursuant to subsection 66.2.
Appears in 1 contract
Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 66.2.
Appears in 1 contract
Collection of Accounts, Proceeds of Collateral. Each Borrower ---------------------------------------------- agrees that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 6.
Appears in 1 contract
Samples: Loan and Security Agreement (Velocity Express Corp)
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees Borrowers agree that all invoices rendered and other requests made by such Borrower Borrowers for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox blocked account established pursuant to subsection 66.2.
Appears in 1 contract
Collection of Accounts, Proceeds of Collateral. Each Borrower agrees Borrowers agree that all invoices rendered and other requests made by such any Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 66.2.
Appears in 1 contract
Collection of Accounts, Proceeds of Collateral. Each U.S. Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox or blocked account established pursuant to subsection 66.2.
Appears in 1 contract
