Common use of Collection Rights Clause in Contracts

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such accounts, general intangibles, dividends, distribution rights, or LLC Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. The Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including account debtor under any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, intangibles or otherwise) chattel paper included in the Collateral and any or all obligors under any instruments included in the Collateral of the assignment thereof to security interest thereon in favor of the Secured Party under this Agreement and to direct such account debtor and obligors to make payment of all amounts due or to become due to the Debtor thereunder directly to the Secured Party and, upon such notification and at the expense of the Debtor and to the extent permitted by law, to enforce collection thereof of any such accounts, general intangibles, chattel paper and instruments and to adjust, settle or compromise the amount or payment thereof, in each case, in the same manner and to the same extent as the Debtor could may have done. After the Debtor receives notice that the Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: , (i) all amounts and proceeds (including instruments and writings) received by the Debtor in respect of such accounts, general intangibles, dividends, distribution rights, or LLC Rights to Payments chattel paper and instruments shall be received in trust for the benefit of the Secured Party hereunder, shall be segregated from other funds of the Debtor and shall be forthwith paid over to the Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) be held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and 5.4 and (ii) the Debtor will not adjust, settle or compromise the amount or payment of any such account account, general intangible, chattel paper or general intangible or LLC Right to Payments instrument or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of a Default, to notify (or require Debtor to notify) any or all Persons (including any LLCPartnership) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividendsdistributions, distribution rights, LLC Partnership Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such distributions, accounts, or general intangibles, dividends, distribution rights, intangibles or LLC Partnership Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Partnership Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCPartnership) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including any LLCIssuer) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such rights to payments, accounts, or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default Default, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCIssuer) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor Pledgor to notify) any or all Persons (including any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Paymentdistributions, or otherwise) of the assignment thereof to the Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor Pledgor thereunder directly to the Secured Party and, upon such notification and at the expense of Debtor Pledgor and to the extent permitted by law, to enforce 37 Collateral Pledge Agreement (1.20.12) collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor Pledgor could have done. After Debtor Pledgor receives notice that the Secured Party has have given (and after Secured Party has required Debtor Pledgor to give) any notice referred to above in this subsection: (i) : all amounts and proceeds (including instruments and writings) received by Debtor Pledgor in respect of such distributions, accounts, or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of the Secured Party hereunder, shall be segregated from other funds of Debtor Pledgor and shall be forthwith paid over to the Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor Pledgor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor and Pledgor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including any LLCArgosy International) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such rights to payments, accounts, or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default then existing, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon after the occurrence and during the continuance of a Default or of an Event of Default, to notify (notify, or require Debtor any Grantor to notify) , any or all Persons (including any LLCCompany) obligated to make payments which are included among the its Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Company Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor such Grantor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor such Grantor and to the extent permitted by lawLaw, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor such Grantor could have done. After Debtor such Grantor receives notice that Secured Party has given (and after Secured Party has required Debtor such Grantor to give) any notice referred to above in this subsection, and so long as any Event of Default shall be continuing: (i) all amounts and proceeds (including instruments and writings) received by Debtor such Grantor in respect of such rights to payment, accounts, general intangibles, dividends, distribution rights, rights or LLC Company Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor such Grantor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor Such Grantor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right intangible, Company Rights to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCCompany) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of a Default or an Event of Default, to notify (or to require Debtor Debtors to notify) any and all obligors under any Receivables, General Intangibles, Instruments or all Persons (including any LLC) obligated other rights to make payments which are payment included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to any Debtor thereunder directly to Secured Party and, upon such notification and at the expense of such Debtor and to the extent permitted by lawLaw, to enforce collection thereof of any such Receivables, General Intangibles, Instruments or other rights to payment and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as such Debtor could have done. After any Debtor receives notice that Secured Party has given (and after Secured Party has required such Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by such Debtor in respect of such accountsReceivables, general intangiblesGeneral Intangibles, dividends, distribution rights, Instruments or LLC Rights other rights to Payments payment shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of such Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to such Debtor upon the remedy of all Defaults or and Events of Default Default, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) such Debtor will not adjust, settle or compromise the amount or payment of any such account Receivable, General Intangible, Instrument or general intangible or LLC Right other right to Payments payment or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of a Default, to notify (or require Debtor to notify) any or all Persons (including any LLCIssuer) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such rights to payments, accounts, or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCIssuer) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons obligors (including account debtors) under any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, Accounts or otherwise) General Intangibles of the assignment thereof of such Accounts or General Intangibles to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof of any such Accounts or General Intangibles and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could may have done. After receipt by Debtor receives of the notice that from Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) , all amounts and proceeds (including instruments and writings) received by Debtor in respect of such accounts, general intangibles, dividends, distribution rights, Accounts or LLC Rights to Payments General Intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) be held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) . After such Notice Debtor will not adjust, settle or compromise the amount or payment of any such account Accounts or general intangible or LLC Right to Payments General Intangibles or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon after the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including any LLCIssuer) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rightsdistributions, LLC Partnership Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such distributions, accounts, or general intangibles, dividends, distribution rights, intangibles or LLC Partnership Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Partnership Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCIssuer) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of a Default or an Event of Default, to notify (or to require Debtor to notify) any and all obligors under any Receivables, General Intangibles, Instruments or all Persons (including any LLC) obligated other rights to make payments which are payment included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by lawLaw, to enforce collection thereof of any such Receivables, General Intangibles, Instruments or other rights to payment and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such accountsReceivables, general intangiblesGeneral Intangibles, dividends, distribution rights, Instruments or LLC Rights other rights to Payments payment shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or and Events of Default Default, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account Receivable, General Intangible, Instrument or general intangible or LLC Right other right to Payments payment or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon after the occurrence and during the continuance of a Default or of an Event of Default, to notify (notify, or require Debtor any Grantor to notify) , any or all Persons (including any LLCCompany) obligated to make payments which are included among the its Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Company Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor such Grantor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor such Grantor and to the extent permitted by lawLaw, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor such Grantor could have done. After Debtor such Grantor receives notice that Secured Party has given (and after Secured Party has required Debtor such Grantor to give) any notice referred to above in this subsection, and so long as any Event of Default shall be continuing: (i) all amounts and proceeds (including instruments and writings) received by Debtor such Grantor in respect of such rights to payment, accounts, general intangibles, dividends, distribution rights, rights or LLC Company Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor such Grantor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, ; and (ii) Debtor except with the consent of Secured Party (such consent not to be unreasonably withheld), such Grantor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right intangible, Company Rights to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCCompany) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon time after the occurrence and during the continuance of an Event of Default, Default to notify (or require Debtor to notify) any or all Persons (including any LLCthe Target) obligated to make payments which that are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors Debtor to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such rights to payments, accounts, or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default Default, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCthe Target) or allow any credit or discount thereon.

Collection Rights. The Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of Default, to notify (or require Debtor to notify) any or all Persons (including account debtors under any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, intangibles or otherwise) chattel paper included in the Collateral and any or all obligors under any instruments included in the Collateral of the assignment thereof to security interest thereon in favor of the Secured Party under this Agreement and to direct such account debtors and obligors to make payment of all amounts due or to become due to any Debtor thereunder directly to the Secured Party to verify accounts or general intangibles with such obligors and, upon such notification and at the expense of Debtor the Debtors and to the extent permitted by law, to enforce collection thereof of any such accounts, general intangibles, chattel paper and instruments and to adjust, settle or compromise the amount or payment thereof, in each case, in the same manner and to the same extent as the any Debtor could may have done. After any Debtor receives notice that the Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: , (i) all amounts and proceeds (including instruments and writings) received by such Debtor in respect of such accounts, general intangibles, dividends, distribution rights, or LLC Rights to Payments chattel paper and instruments shall be received in trust for the benefit of the Secured Party hereunder, shall be segregated from other funds of such Debtor and shall be forthwith immediately paid over to the Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) be held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and 5.4 and (ii) such Debtor will not adjust, settle or compromise the amount or payment of any such account account, general intangible, chattel paper or general intangible or LLC Right to Payments instrument or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon the occurrence and during the continuance of an Event of a Default, to notify (or require Debtor to notify) any or all Persons (including any LLC) obligated to make payments which are included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such accounts, general intangibles, dividends, distribution rights, or LLC Rights to Payments shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsement) to be, at Secured Party's discretion, either (A) held as cash collateral and released to Debtor upon the remedy of all Defaults or Events of Default or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLC) or allow any credit or discount thereon.

Collection Rights. Secured Party shall have the right at any time, ----------------- upon time after the occurrence and during the continuance of a Default or of an Event of Default, to notify (or require Debtor to notify) any or all Persons obligors (including any LLCIssuer) obligated to make payments which are under any accounts or general intangibles included among the Collateral (whether accounts, general intangibles, dividends, distribution rights, LLC Rights to Payment, or otherwise) of the assignment thereof to Secured Party under this Agreement and to direct such obligors to make payment of all amounts due or to become due to Debtor thereunder directly to Secured Party and, upon such notification and at the expense of Debtor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Debtor could have done. After Debtor receives notice that Secured Party has given (and after Secured Party has required Debtor to give) any notice referred to above in this subsection: : (i) all amounts and proceeds (including instruments and writings) received by Debtor in respect of such accounts, accounts or general intangibles, dividends, distribution rights, or LLC Rights to Payments intangibles shall be received in trust for the benefit of Secured Party hereunder, shall be segregated from other funds of Debtor and shall be forthwith paid over to Secured Party in the same form as so received (with any necessary indorsementendorsement) to be, at Secured Party's discretion, either (A) be held as cash collateral and released to Debtor upon (A) applied as a voluntary prepayment under the remedy of all Defaults Credit Agreement so long as no Default or Events Event of Default shall have occurred and be continuing or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3, and and (ii) Debtor will not adjust, settle or compromise the amount or payment of any such account or general intangible or LLC Right to Payments or release wholly or partly any account debtor or obligor thereof (including any LLCIssuer) or allow any credit or discount thereon.