Common use of Communications with Obligors; Grantors Remain Liable Clause in Contracts

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee 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 and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material Contracts.

Appears in 2 contracts

Samples: Collateral Agreement (Carmike Cinemas Inc), Guarantee and Collateral Agreement (Carmike Cinemas Inc)

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Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee in its own name or in the name of others may at any time after while a Notice of Acceleration is in effect, following written notice to the occurrence and during the continuance of an Event of Default Company, communicate with obligors under the Receivables and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material ContractsReceivables.

Appears in 2 contracts

Samples: Security Agreement (American Capital, LTD), Security Agreement (American Capital, LTD)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee 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 and with parties to any material contract or agreement to which any Grantor is a party (the Material Contracts “Contracts”) to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material Contracts.

Appears in 2 contracts

Samples: Credit Agreement (Mirant Corp), Guarantee Agreement (Rri Energy Inc)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee 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 and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material Contracts.

Appears in 2 contracts

Samples: Collateral Agreement (Carmike Cinemas Inc), Guarantee and Collateral Agreement (Carmike Cinemas Inc)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee 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 and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material ContractsReceivables.

Appears in 2 contracts

Samples: Collateral Agreement (Primus Telecommunications Group Inc), Security Agreement (Netscout Systems Inc)

Communications with Obligors; Grantors Remain Liable. (a) The At any time after the occurrence and during the continuance of an Actionable Default, the Collateral Trustee 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 that are included in the Collateral and parties to the Material Contracts to verify with them to the Collateral Trustee’s reasonable satisfaction the existence, amount and terms of any Receivables or Material Contracts, in each case, that are included in the Collateral.

Appears in 2 contracts

Samples: Collateral Trust Agreement (GenOn Energy, Inc.), Guarantee and Collateral Agreement (NRG Energy, Inc.)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee 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 Pledged Receivables and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material ContractsReceivables.

Appears in 1 contract

Samples: Collateral Agreement (Charter Communications Inc /Mo/)

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Communications with Obligors; Grantors Remain Liable. (a) a. The Collateral Trustee 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 a Collateral Trust Parity Lien Default upon prior notice to the Grantors communicate with obligors under the Receivables and parties to the Material Contracts to verify with them to the Collateral Trustee’s 's satisfaction the existence, amount and terms of any Receivables or Material Contracts.

Appears in 1 contract

Samples: Security Agreement (Harland Clarke Holdings Corp)

Communications with Obligors; Grantors Remain Liable. (a) The At any time after the occurrence and during the continuance of an Actionable Default, the Collateral Trustee 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 that are included in the Collateral and parties to the Material Contracts to verify with them to the Collateral Trustee’s 's reasonable satisfaction the existence, amount and terms of any Receivables or Material Contracts, in each case, that are included in the Collateral.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (NRG Energy Inc)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee in its own name or in the name of others may may, at any time and from time to time after the occurrence and during the continuance of an Event of Default Enforcement Event, upon prior written notice to the Borrower, communicate with obligors under the Receivables and parties to the Material Contracts to verify with them to the Collateral Trustee’s satisfaction the existence, amount and terms of any Receivables or Material ContractsReceivables; provided, however, that the relevant Grantor shall be afforded the opportunity to participate in, or, if in written form, will be provided with copies of, each such communication.

Appears in 1 contract

Samples: Credit Agreement (General Motors Co)

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