Common use of Collection of Transferred Receivables Clause in Contracts

Collection of Transferred Receivables. Except as otherwise ------------------------------------- provided in this Section 8.06(b), the Borrower shall continue to collect or cause to be collected, at its own expense, all amounts due or to become due to the Borrower under the Transferred Receivables, the Borrower Assigned Agreements and any other Collateral. In connection with such collections, the Borrower may take (and at the Collateral Agent's direction after a Termination Event has occurred and is continuing, shall take) such action as the Borrower or the Collateral Agent may deem necessary or advisable to enforce collection of the Transferred Receivables and the Borrower Assigned Agreements; provided, however, that the Collateral Agent may, at any time that a Termination Event has occurred and is continuing, notify any Obligor with respect to any Transferred Receivables or obligors under the Borrower Assigned Agreements of the assignment of such Transferred Receivables or Borrower Assigned Agreements, as the case may be, to the Collateral Agent and direct that payments of all amounts due or to become due to the Borrower thereunder be made directly to the Collateral Agent or any servicer, collection agent or lockbox or other account designated by the Collateral Agent and, upon such notification and at the expense of the Borrower, the Collateral Agent may enforce collection of any such Transferred Receivables or the Borrower Assigned Agreements and adjust, settle or compromise the amount or payment thereof.

Collection of Transferred Receivables. Except as otherwise ------------------------------------- provided in this Section 8.06(b), the Borrower Seller shall continue to collect or cause to be collected, at its own expense, all amounts due or to become due to the Borrower Seller under the Transferred Receivables, the Borrower Seller Assigned Agreements and any other Seller Collateral. In connection with such collections, the Borrower Seller may take (and at the Collateral Agent's direction after a Termination Event has occurred and is continuing, shall take) such action as the Borrower Seller or the Collateral Agent may deem necessary or advisable to enforce collection of the Transferred Receivables and the Borrower Seller Assigned Agreements; provided, however, that the Collateral Agent may, at any time that a Termination Event has occurred and is continuing, notify any Obligor with respect to any Transferred Receivables or obligors under the Borrower Seller Assigned Agreements of the assignment of such Transferred Receivables or Borrower Seller Assigned Agreements, as the case may be, to the Collateral Agent and direct that payments of all amounts due or to become due to the Borrower Seller thereunder be made directly to the Collateral Agent or any servicer, collection agent or lockbox or other account designated by the Collateral Agent and, upon such notification and at the expense of the BorrowerSeller, the Collateral Agent may enforce collection of any such Transferred Receivables or the Borrower Seller Assigned Agreements and adjust, settle or compromise the amount or payment thereof, provided that the Seller may, rather than commencing such action or taking other enforcement action, at its option, elect to cause such Transferred Receivable to be subject to options (i) to (iii) of Section 4.04 of the Transfer Agreement.

Collection of Transferred Receivables. Except as otherwise ------------------------------------- provided in this Section 8.06(b8.5(b), the Borrower shall continue to collect or cause to be collected, at its own expense, all amounts due or to become due to the Borrower under the Transferred Receivables, the Borrower Assigned Agreements and any other Collateral. In connection with such collections, the Borrower may take (and at the Collateral AgentLender's direction after a Termination an Event of Default has occurred and is continuing, shall take) such action as the Borrower or the Collateral Agent Lender may deem necessary or advisable to enforce collection of the Transferred Receivables and the Borrower Assigned Agreements; provided, however, that the Collateral Agent Lender may, at any time that a Termination an Event of Default has occurred and is continuing, notify any Obligor with respect to any Transferred Receivables or obligors under the Borrower Assigned Agreements of the assignment of such Transferred Receivables or Borrower Assigned Agreements, as the case may be, to the Collateral Agent Lender and direct that that, except with respect to payments on Government Receivables, payments of all amounts due or to become due to the Borrower thereunder be made directly to to, the Collateral Agent Lender or any servicer, collection agent or lockbox or other account designated by the Collateral Agent Lender and, upon such notification and at the expense of the Borrower, the Collateral Agent Lender may enforce collection of any such Transferred Receivables or the Borrower Assigned Agreements and adjust, settle or compromise the amount or payment thereof.

Collection of Transferred Receivables. Except as otherwise ------------------------------------- provided in this Section 8.06(b), the Borrower Seller shall continue to collect or cause to be collected, at its own expense, all amounts due or to become due to the Borrower Seller under the Transferred Receivables, the Borrower Seller Assigned Agreements and any other Seller Collateral. In connection with such collections, the Borrower Seller may take (and at the Collateral Agent's direction after a Termination Event has occurred and is continuing, shall take) such action as the Borrower Seller or the Collateral Agent may deem necessary or advisable to enforce collection of the Transferred Receivables and the Borrower Seller Assigned Agreements; provided, however, that the Collateral Agent may, at any time that a Termination Event has occurred and is continuing, notify any Obligor with respect to any Transferred Receivables or obligors under the Borrower Seller Assigned Agreements of the assignment of such Transferred Receivables or Borrower Seller Assigned Agreements, as the case may be, to the Collateral Agent and direct that payments of all amounts due or to become due to the Borrower Seller thereunder be made directly to the Collateral Agent or any servicer, collection agent or lockbox or other account designated by the Collateral Agent and, upon such notification and at the expense of the BorrowerSeller, the Collateral Agent may enforce collection of any such Transferred Receivables or the Borrower Seller Assigned Agreements and adjust, settle or compromise the amount or payment thereof, provided that the Seller may, rather than commencing such action or taking other enforcement action, at its option, elect to pay the Purchaser the Outstanding Balance of such Transferred Receivable.