Communications with Obligors. Agency shall send an initial disclosure letter that conforms to all applicable state and federal laws including the debt validation requirements of the FDCPA, and contains any required state or local disclosures. Agency shall fully and timely comply with all Collection Law requirements governing oral or written communications with obligors.
Communications with Obligors. Grantor Remains Liable. ----------------------------------------------------
(a) The Administrative Agent in its own name or in the name of others may at any time after the occurrence and during the continuance of an Event of Default communicate with obligors under the Receivables to verify with them to the Majority Lenders' satisfaction the existence, amount and terms of any Receivables.
(b) Within five business days of the commencement of payment by an obligor under any Consumer Receivables owned by the Grantors or such obligor's entry into arrangements with respect to making payment on such Consumer Receivables, the Grantors shall notify such obligor on such Consumer Receivables that all amounts paid by such obligor in respect thereof shall be paid directly into the Collateral Account under the Blocked Account and Lock-Box Agreement and shall use its best efforts to cause such obligors to do so.
(c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Receivables to observe and perform any conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to such Grantor's interest therein. The Administrative Agent and any Lender shall not have any obligation or liability under any Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any Lender of any payment relating thereto, nor shall the Administrative Agent or any Lender be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto) to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.
Communications with Obligors. (a) The Agent in its own name or in the name of others may at any time after the occurrence and during the continuance of an Event of Default communicate with obligors under the Receivables to verify with them to the Agent’s satisfaction the existence, amount and terms of any Receivables.
(b) The Agent may at any time after the occurrence and during the continuance of an Event of Default notify, or require any Grantor to so notify, the Account Debtor or counterparty on any Receivable of the security interest of the Agent therein. In addition, after the occurrence and during the continuance of an Event of Default, the Agent may upon written notice to the applicable Grantor, notify, or require any Grantor to notify, the Account Debtor or counterparty to make all payments under the Receivable directly to the Agent.
Communications with Obligors. Buyer may communicate directly ---------------------------- with an Obligor, lessee or user of Equipment if Seller fails to perform any of its Remarketing duties with respect to the Equipment.
Communications with Obligors. (a) The Agent in its own name or in the name of others may at any time during the existence of an Event of Default communicate with obligors under the Receivables to verify with them to the Agent’s satisfaction the existence, amount and terms of any Receivables.
(b) The Agent may at any time during the existence of an Event of Default notify, or require any Grantor to so notify, the Account Debtor or counterparty on any Receivable of the security interest of the Agent therein. In addition, during the existence of an Event of Default, the Agent may upon written notice to the applicable Grantor, notify, or require any Grantor to notify, the Account Debtor or counterparty to make all payments under the Receivable directly to the Agent.
Communications with Obligors. (a) The Collateral Agent, in its own name or in the name of others, may at any time after the occurrence and during the continuance of an Event of Default communicate with obligors under the Receivables to verify with them the existence, amount and terms of any Receivables.
Communications with Obligors. Subject to the terms of any Senior Pari Passu Intercreditor Agreement in place at the time, the Administrative Agent may at any time after an Event of Default has occurred and is continuing require any Grantor (other than Parent) to notify the Account Debtor or counterparty on any Receivable constituting Collateral of the security interest of the Administrative Agent therein. In addition, subject to the terms of any Senior Pari Passu Intercreditor Agreement in place at the time, after the occurrence and during the continuance of an Event of Default, the Administrative Agent may require any Grantor (other than Parent) to notify the Account Debtor or counterparty to make all payments under the Receivables constituting Collateral directly to the Administrative Agent.
Communications with Obligors. (a) The First Lien Collateral Agent in its own name or in the name of others may, following contemporaneous written notice to the Grantors provided no such notice shall be required in the case of any bankruptcy or insolvency of any Grantor, after the occurrence and during the continuance of an Event of Default communicate with obligors under the Receivables to verify with them to the First Lien Collateral Agent’s satisfaction the existence, amount and terms of any Collateral consisting of Receivables.
(b) After the occurrence and during the continuance of an Event of Default, the First Lien Collateral Agent may following written notice to the applicable Grantor, notify, or require any Grantor to notify, the Account Debtor or counterparty to make all payments under such Receivables directly to the First Lien Collateral Agent.
Communications with Obligors. The Secured Party in its own name or in the name of others may at any time after the occurrence and during the continuance of a Default communicate with obligors on the Accounts that constitute Collateral to verify with them to the Secured Party's reasonable satisfaction the existence, amount and terms of any such Accounts. Upon the request of the Secured Party at any time after the occurrence and during the continuance of a Default, the Debtor shall notify obligors on the Collateral that such Collateral has been assigned to the Secured Party and that payments in respect thereof shall be made directly to the Secured Party.
Communications with Obligors. The Administrative Agent may at any time after an Event of Default has occurred and is continuing require any Grantor (other than Parent) to notify the Account Debtor or counterparty on any Receivable constituting Collateral of the security interest of the Administrative Agent therein. In addition, after the occurrence and during the continuance of an Event of Default, the Administrative Agent may require any Grantor (other than Parent) to notify the Account Debtor or counterparty to make all payments under the Receivables constituting Collateral directly to the Administrative Agent.
