Common use of Communication with Account Debtors Clause in Contracts

Communication with Account Debtors. Each Debtor authorizes Lender, before or after the occurrence of an Event of Default, upon notice to the applicable Debtor but without the consent of either Debtor, to communicate directly with customers or Account Debtors by whatever means Lender shall elect for the purpose of verifying the information supplied by the applicable Debtor to Lender with respect to Receivables. Upon Lender’s request, before or after the occurrence of an Event of Default, each Debtor shall provide Lender with a list of the addresses of its Account Debtors.

Appears in 2 contracts

Samples: General Security Agreement, General Security Agreement (Ep Medsystems Inc)

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Communication with Account Debtors. Each Debtor Borrowers authorizes Lender, before or after the occurrence of an Event of Default, upon without notice to the applicable Debtor but without or the consent of either DebtorBorrowers, to communicate directly with customers or Account Debtors of Borrowers by whatever means Lender shall elect for the purpose of verifying the information supplied by the applicable Debtor Borrowers to Lender with respect to Receivables. Upon Lender’s 's request, before or after the occurrence of an Event of Default, each Debtor Borrowers shall provide Lender with a list of the addresses of its each of their Account Debtors.

Appears in 1 contract

Samples: Loan and Security Agreement (Afp Imaging Corp)

Communication with Account Debtors. Each Debtor authorizes the Lender, before or after and during the occurrence of an Event of Default, upon without notice to the applicable Debtor but without or the consent of either Debtor, to communicate directly with customers or Account Debtors by whatever means the Lender shall elect for the purpose of verifying the information supplied by the applicable Debtor to the Lender with respect to Receivables. Upon the Lender’s 's request, before or after the occurrence of an Event of Default, each Debtor shall provide the Lender with a list of the addresses of its Account Debtors.

Appears in 1 contract

Samples: General Security Agreement (Viewcast Com Inc)

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Communication with Account Debtors. Each Debtor authorizes Lender, before or after the occurrence of an Event of Default, upon notice to the applicable Debtor but without the consent of either Debtor, to communicate directly with customers or Account Debtors by whatever means Lender shall elect for the purpose of verifying the information supplied by the applicable Debtor to Lender with respect to Receivables. Upon Lender’s 's request, before or after the occurrence of an Event of Default, each Debtor shall provide Lender with a list of the addresses of its Account Debtors.

Appears in 1 contract

Samples: General Security Agreement (Hooper Holmes Inc)

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