Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.2, is a Schedule which describes all arrangements to which the Borrowers are a party with respect to the payment to the Borrowers of the proceeds of credit card charges for sales by the Borrowers. (b) The Borrowers shall deliver to the Collateral Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the Borrowers, to each of the Borrowers' credit card clearinghouses and processors of notice (in form satisfactory to the Agent), which notice provides that payment of all credit card charges submitted by the Borrowers to that clearinghouse or other processor and any other amount payable to the Borrowers by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral Agent. The Borrowers shall not change such direction or designation except upon and with the prior written consent of the Collateral Agent.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc)
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.29-2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notificationnotifications, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Harrys Farmers Market Inc)
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.27-2, is a Schedule which describes all arrangements to which the Borrowers are a party with respect to the payment to the Borrowers of the proceeds of all credit card charges for sales by the Borrowers.
(b) The Borrowers shall deliver to the Collateral Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the Borrowers, to each of the Borrowers' credit card clearinghouses and processors of notice (in form satisfactory to the AgentAgent ), which notice provides that payment of all credit card charges submitted by the Borrowers to that clearinghouse or other processor and any other amount payable to the Borrowers by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral Agent. The Borrowers shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentAgent .
Appears in 1 contract
Samples: Loan and Security Agreement (Sports Authority Inc /De/)
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.2, is a Schedule which describes all arrangements to which the Borrowers are a party with respect to the payment to the Borrowers of the proceeds of credit card charges for sales by the Borrowers.
(b) The Borrowers shall deliver to the Collateral Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the Borrowers, to each of the Borrowers' credit card clearinghouses and processors of notice (in form satisfactory to the Agent), which notice provides that payment of all credit card charges submitted by the Borrowers to that clearinghouse or other processor and any other amount payable to the Borrowers by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral Agent. The Borrowers shall not change such direction or designation except upon and with the prior written consent of the Collateral Agent.. 102 110
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.27-2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of all credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender .
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.27-2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of all credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentAgent ), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral Agent. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral Agent.
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.26-2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.26.2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.2, is a Schedule which describes all arrangements to which the Borrowers are any Borrower is a party with respect to the payment to the Borrowers that Borrower of the proceeds of credit card charges for sales by the Borrowersthat Borrower.
(b) The Borrowers Lead Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notificationagreements, executed on behalf of the Borrowers, to each of the Borrowers' Borrower and each Borrower’s credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides agreements provide that payment of all credit card charges submitted by the Borrowers that Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers that Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers No Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.2, Exhibit 7.2 is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower’s credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Bakers Footwear Group Inc)
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.27-2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of all credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Credit Card Receipts. (a) Annexed hereto as EXHIBIT 7.2, is a Schedule which describes all arrangements to which the Borrowers are Borrower is a party with respect to the payment to the Borrowers Borrower of the proceeds of credit card charges for sales by the BorrowersBorrower.
(b) The Borrowers Borrower shall deliver to the Collateral AgentLender, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the BorrowersBorrower, to each of the Borrowers' Borrower's credit card clearinghouses and processors of notice (in form satisfactory to the AgentLender), which notice provides that payment of all credit card charges submitted by the Borrowers Borrower to that clearinghouse or other processor and any other amount payable to the Borrowers Borrower by such clearinghouse or other processor shall be directed to the Concentration Account or as otherwise designated from time to time by the Collateral AgentLender. The Borrowers Borrower shall not change such direction or designation except upon and with the prior written consent of the Collateral AgentLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Bakers Footwear Group Inc)