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

Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 Lender's satisfaction the existence, amount and terms of any Receivables.

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

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Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 the Account Debtors under the Receivables of any Loan Party to verify with them to Lender's ’s satisfaction the existence, amount and terms of any such Receivables.

Appears in 1 contract

Samples: Loan and Security Agreement (Kinsale Capital Group, Inc.)

Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 Account Debtors under the Receivables to verify with them to Lender's ’s satisfaction the existence, amount and terms of any ReceivablesReceivables as of calendar month end.

Appears in 1 contract

Samples: Loan and Security Agreement (Pernix Group, Inc.)

Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 that has not been waived in accordance with Section 14.1 communicate with obligors under the Receivables to verify with them to Lender's ’s satisfaction the existence, amount and terms of any Receivables.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods Inc)

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Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 Lender's ’s satisfaction the existence, amount and terms of any Receivables.

Appears in 1 contract

Samples: Loan and Security Agreement (Mattersight Corp)

Communications with Obligors; Loan Parties Remain Liable. (a) Lender 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 Mortgaged Property to verify with them to Lender's ’s satisfaction the existence, amount and terms of any Receivablesamounts due to Borrower with respect to the Mortgage Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Therapeutics Acquisition Corp.)

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