Common use of Communication with Account Debtors Clause in Contracts

Communication with Account Debtors. Borrower authorizes Lender, before an Event of Default, without the consent of Borrower, to communicate directly with Account Debtors or customer’s accounts payable departments, by whatever means Lender shall elect, for the purpose of verifying the information supplied by Borrower to Lender with respect to Receivables only. Borrower authorizes Lender, upon the occurrence of an Event of Default, without the consent of Borrower, to communicate directly with customers or Account Debtors of Borrower by whatever means Lender shall elect for the purpose of verifying the information supplied by Borrower to Lender with respect to Receivables. Upon Lender’s request, before or after the occurrence of an Event of Default, Borrower shall provide Lender with a list of the addresses of its Account Debtors.

Communication with Account Debtors. Borrower authorizes Lender, before an Event of Default, without the consent of Borrower, to communicate directly only with Account Debtors or customer’s 's accounts payable departments, by whatever means Lender shall elect, for the purpose of verifying the information supplied by Borrower to Lender with respect to Receivables only. Borrower authorizes Lender, upon the occurrence of an Event of Default, without the consent of Borrower, to communicate directly with customers or Account Debtors of Borrower by whatever means Lender shall elect for the purpose of verifying the information supplied by Borrower to Lender with respect to Receivables. Upon Lender’s 's request, before or after the occurrence of an Event of Default, Borrower shall provide Lender with a list of the addresses of its each of their Account Debtors.