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

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, may at any time and from time to time after the occurrence and during the continuance of an Event of Default, communicate with obligors under the Accounts Receivable constituting Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or Contracts.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Atkore International Group Inc.), Guarantee and Collateral Agreement (Atkore International Group Inc.)

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Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, others may at any time and from time to time after the occurrence and during the continuance of an Event of Default, Default communicate with obligors under the Accounts Receivable constituting Receivables that are Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or ContractsReceivables.

Appears in 1 contract

Samples: Collateral Agreement (M I Homes Inc)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, others may at any time and from time to time after the occurrence and during the continuance of an Event of Default, Default communicate with obligors under the Accounts Receivable constituting Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) Receivables to verify with them to the Collateral Agent’s 's satisfaction the existence, amount and terms of any Accounts Receivable or ContractsReceivables.

Appears in 1 contract

Samples: Credit Agreement (TBC Corp)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, others may at any time and from time to time after the occurrence and during the continuance continuation of an Event of Default, after giving reasonable written notice to the relevant Grantor of its intent to do so, communicate with obligors under the Accounts Receivable constituting Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or Contracts.any

Appears in 1 contract

Samples: Revolving Security Agreement (Goodman Sales CO)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, may at any time and from time to time after the occurrence and during the continuance of an Event of Default, Default communicate with obligors under the Accounts Receivable constituting Collateral Receivables and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable Receivables or Contracts.

Appears in 1 contract

Samples: Credit Agreement (Auxilium Pharmaceuticals Inc)

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Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, the Grantor may at any time and from time to time after the occurrence and during the continuance of an Event of Default, Default communicate with obligors under the Accounts Receivable constituting Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) Receivables to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or ContractsReceivables.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others, may at any time and from time to time after the occurrence and during the continuance of an Event of DefaultDefault specified in Subsection 9.1(a) of the Credit Agreement, subject to each applicable Intercreditor Agreement, communicate with obligors under the Accounts Receivable constituting Collateral and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or Contracts.

Appears in 1 contract

Samples: Second Lien Credit Agreement (PharMEDium Healthcare Holdings, Inc.)

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