Common use of Communications with Obligors Clause in Contracts

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.

Appears in 4 contracts

Samples: Intercreditor Agreement (Karyopharm Therapeutics Inc.), Intercreditor Agreement, Credit Agreement (Affinion Group, Inc.)

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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 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.

Appears in 2 contracts

Samples: Security Agreement (Enbridge Energy Partners Lp), Security Agreement (Midcoast Energy Partners, L.P.)

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