Collection Rights. Without notice to Grantor or any other Loan Party, Secured Party may notify any or all account debtors and obligors on any Accounts, Instruments or other Claims constituting Collateral of Secured Party's security interests therein and may direct, demand and enforce payment thereof directly to Secured Party.
Appears in 3 contracts
Samples: Borrower Pledge and Security Agreement (Liberty Group Management Services Inc), Borrower Pledge and Security Agreement (Flashnet Communications Inc), Credit Agreement (Usi Holdings Corp)
Collection Rights. Without notice to any Grantor or any other Loan Party, Secured Party may notify any or all account debtors and obligors on any Accounts, Instruments or other Claims constituting Collateral of Secured Party's security interests therein and may direct, demand and enforce payment thereof directly to Secured Party.
Appears in 2 contracts
Samples: Subsidiary Pledge and Security Agreement (Flashnet Communications Inc), Guarantor Pledge and Security Agreement (Liberty Group Publishing Inc)
Collection Rights. Without notice to Grantor or any other Loan PartyGrantor, Secured Party may notify any or all account debtors and obligors on any Accounts, Instruments or other Claims constituting Collateral of Secured Party's security interests therein and may direct, demand and enforce payment thereof directly to Secured Party.
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