Direct Notification. Lender may, additionally, in its sole discretion, at any time that an Event of Default exists, direct Account Debtors to make payments on the Accounts Receivable Collateral, or portions thereof, directly to Lender, and the Account Debtors are hereby authorized and directed to do so by Borrower upon Lender's direction, and the funds so received shall be also deposited in the Collateral Reserve Account, or, at the election of Lender, upon its receipt thereof, be applied directly to repayment of the Obligations in such order as Lender, in its sole discretion, shall determine.
Direct Notification. From and after an Event of Default, that is not cured within the cure period specified in the Note, after notice to Debtor pursuant to Section 9502 of the California Commercial Code, Secured Party or Secured Party's Representative may, at any time, notify lessees, customers or account debtors of Debtor that the Accounts have been assigned to Secured Party and that Secured Party has a security interest therein, collect the Accounts directly, and charge the collection costs and expenses to Debtor's account, and Debtor shall collect all Accounts for the benefit of Secured Party and receive in trust all payments received on account of the Accounts. The receipt of any check or other item of payment by Secured Party shall not be considered a payment on account until such check or other item of payment is honored when presented for payment.
Direct Notification. If the Unscheduled Maintenance will affect any Required Minimum Instream Flow, LIP Flow, or Normal Reservoir Operating Range, the Licensee will notify NCDENR, NCWRC, PE, USFWS, and FERC as soon as possible after the unscheduled maintenance begins, but no longer than 72 hours afterwards. If the maintenance will require a reservoir drawdown below the Critical Reservoir Water Elevation (as defined in the LIP), the Licensee will notify the owner of any Large Intakes located on the reservoir of the maintenance and drawdown schedule.
Direct Notification. If the Unscheduled Maintenance cannot avoid impacting Required Minimum Instream Flows from the Project, the Licensee will notify NCDENR, NCWRC, PE, USFWS, and FERC as soon as possible after the unscheduled maintenance begins, but no longer than 72 hours afterwards.
Direct Notification. If an Unplanned Drawdown causes the reservoir to be out of the Normal Reservoir Operating Range or the unplanned drawdown cannot avoid impacting Required Minimum Instream Flows or LIP Flows, the Licensee will notify NCDENR, NCWRC, PE, USFWS, and FERC, of the Unplanned Drawdown as soon as practicable, but no longer than 72 hours afterwards.
Direct Notification. Upon the occurrence and during the continuance of an Event of Default, Collateral agent may notify Unified to make any payments with respect to the Collateral (including, without limitation, payment of regular dividends, proceeds of redemption of Pledged Collateral or return of Deposits) directly to Collateral Agent pursuant to Section 9607 of the Uniform Commercial Code. Member agrees that if any Pledged Collateral is redeemed by Unified for an amount determined in accordance with the redemption policy in effect from time to time as set forth in Unified’s bylaws, that Member shall not be entitled to a credit against the Secured Obligations in an amount in excess of such redemption price, and neither Collateral Agent nor any Secured Party shall incur any liability or responsibility to Member in connection therewith, notwithstanding the possibility that a substantially higher price might have been realized at a public sale or private sale of the Pledged Collateral.
Direct Notification. The Bank may, additionally, in its sole discretion, at any time that an Event of Default exists, direct Account Debtors to make payments on the Accounts Receivable Collateral, or portions thereof, directly to the Bank, and the Account Debtors are hereby authorized and directed to do so by the Company upon the Bank's direction, and the funds so received shall be deposited in the Collections Account, or, at the election of the Bank, upon its receipt thereof, be applied directly to repayment of the Obligations in such order as the Bank, in its sole discretion, shall determine.
