COLLECTION OF DEBTS. Before or after default under this Security Agreement, RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
Appears in 10 contracts
Samples: General Security Agreement (API Technologies Corp.), General Security Agreement (Most Home Corp), Loan Agreement (Environmental Solutions Worldwide Inc)
COLLECTION OF DEBTS. Before or after default under this Security Agreement, . RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, Debtors whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
Appears in 2 contracts
Samples: Demand Loan Financing Agreement (Ideal Accents Inc), Demand Loan Financing Agreement (Ideal Accents Inc)
COLLECTION OF DEBTS. Before or after After default under this Security Agreement, RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
Appears in 2 contracts
Samples: General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (DecisionPoint Systems, Inc.)
COLLECTION OF DEBTS. Before or after default under this Security Agreement, RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, Agreement shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
Appears in 2 contracts
Samples: Loan Agreement (Environmental Solutions Worldwide Inc), General Security Agreement (Pine Valley Mining Corp)
COLLECTION OF DEBTS. Before or after default under this Security Agreement, RBC may notify all or any Account Debtors of the Security Interest and may also direct such Account Debtors to make all payments on Collateral to RBC. Debtor acknowledges that any payments on or other proceeds of Collateral received by Debtor from Account Debtors, Debtors whether before or after notification of this Security Interest to Account Debtors and whether before or after default under this Security Agreement, shall be received and held by Debtor in trust for RBC and shall be turned over to RBC upon request.
Appears in 2 contracts
Samples: Demand Loan Financing Agreement, Demand Loan Financing Agreement (Ideal Accents Inc)
