DISPUTES WITH ACCOUNT DEBTORS Sample Clauses

DISPUTES WITH ACCOUNT DEBTORS it will notify the Agent promptly of all disputes and claims with Account Debtors in excess of L50,000 and settle or adjust them, or ensure that the relevant Trading Company settles or adjusts them, at no expense to the Lenders, but no discount, credit or allowance shall be granted to any Account Debtor without the Agent's consent, except for discounts, credits and allowances made or given in the ordinary course of trading when no Event of Default exists hereunder. Ideal shall send, or procure that there is sent to, the Agent a copy of each credit note in excess of L1,000,000 as soon as issued and a list of all credit notes in excess of L750,000 on a weekly basis, with copies of any such credit notes to be supplied to the Agent at the Agent's request;
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DISPUTES WITH ACCOUNT DEBTORS. 16.4.5 it will notify the Agent promptly of all disputes and claims with Account Debtors in excess of £50,000 and settle or adjust them, or ensure that the relevant Trading Company settles or adjusts them, at no expense to the Lenders, but no discount, credit or allowance shall be granted to any Account Debtor without the Agent’s consent, except for discounts, credits and allowances made or given in the ordinary course of trading when no Event of Default exists hereunder. BMUK shall send, or procure that there is sent to, the Agent a copy of each credit note in excess of £1,000,000 as soon as issued and a list of all credit notes in excess of £750,000 on a weekly basis, with copies of any such credit notes to be supplied to the Agent at the Agent’s request;
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DISPUTES WITH ACCOUNT DEBTORS. 10.1 Client shall promptly notify BFI of any dispute between Client and an Account Debtor concerning an Assigned Account (an “Account Debtor Dispute”).
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DISPUTES WITH ACCOUNT DEBTORS. 10.1 Client shall promptly notify SLF of any dispute between Client and an Account Debtor concerning an Account (an "Account Debtor Dispute").
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DISPUTES WITH ACCOUNT DEBTORS. Borrower will immediately notify Crestmark of any invoices that have been rejected or the amount thereof disputed, in whole or in part, by any Account Debtor. These invoices will then be eliminated as an Eligible Account Receivable. Borrower must also immediately inform Crestmark of Borrower's receipt of written or verbal notice of the rejection of goods or services by any Account Debtor, delays in delivery of goods, non-performance of contracts or services, and of any assertion or threatened assertion of any claims, offsets or counterclaims by Account Debtors. Borrower will also furnish to, and inform Crestmark of, to the extent confirmed by Borrower, all material adverse information relating to the financial condition of any Account Debtor.
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DISPUTES WITH ACCOUNT DEBTORS it shall notify the Bank promptly of all disputes and claims with Account Debtors in excess of(pound)50,000 and settle or adjust them at no expense to the Bank, but no discount, credit or allowance shall be granted to any Account Debtor without the Bank's consent, except for discounts, credits and allowances made or given in the ordinary course of the Borrower's business when no Event of Default exists hereunder. The Borrower shall send the Bank a copy of each credit notes in excess of(pound)50,000 as soon as issued and copies of all credit notes on a weekly basis. The Bank may at all times after a demand for payment has been made under clause 16.2 settle or adjust disputes and claims directly with customers or Account Debtors for amounts and upon terms which the Bank considers advisable and, in all cases, the Bank will credit the Borrower's loan account with only the net amounts received by the Bank in payment of any Accounts;
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Related to DISPUTES WITH ACCOUNT DEBTORS

  • Account Debtors If a Default should occur, Bank shall have the right to notify the account debtors obligated on any or all of the Collateral to make payment thereof directly to Bank and Bank may take control of all proceeds of any such Collateral, which rights Bank may exercise at any time. The cost of such collection and enforcement, including attorneys' fees and expenses, shall be borne solely by Debtor whether the same is incurred by Bank or Debtor. If a Default should occur or upon demand of Bank, Debtor will, upon receipt of all checks, drafts, cash and other remittances in payment on Collateral, deposit the same in a special bank account maintained with Bank, over which Bank also has the power of withdrawal. If a Default should occur, no discount, credit, or allowance shall be granted by Debtor to any account debtor and no return of merchandise shall be accepted by Debtor without Bank's consent. Bank may, after Default, settle or adjust disputes and claims directly with account debtors for amounts and upon terms that Bank considers advisable, and in such cases Bank will credit the Obligations with the net amounts received by Bank, after deducting all of the expenses incurred by Bank. Debtor agrees to indemnify and defend Bank and hold it harmless with respect to any claim or proceeding arising out of any matter related to collection of Collateral.

  • Notification of Account Debtors MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

  • Notice to Account Debtors Lender may, at any time after an Event of Default, notify the account debtors and obligors of any accounts, chattel paper, negotiable instruments or other evidences of indebtedness to Borrower included in the Property to pay Lender directly. Borrower shall at any time or from time to time upon the request of Lender provide to Lender a current list of all such account debtors and obligors and their addresses.

  • Notification to Account Debtors The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

  • Direction to Account Debtors; Contracting Parties; etc Subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default (but without limiting the provisions of the Credit Agreement), if the Collateral Agent so directs any Grantor, such Grantor agrees (x) to cause all payments on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option, directly notify the obligors with respect to any Accounts and/or under any Contracts to make payments with respect thereto as provided in the preceding clause (x), and (z) that the Collateral Agent may enforce collection of any such Accounts and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Grantor. Subject to the Intercreditor Agreement, without notice to or assent by any Grantor, the Collateral Agent may, upon the occurrence and during the continuance of an Event of Default, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account toward the payment of the Obligations in the manner provided in Section 5.4 of this Agreement. The reasonable out-of-pocket costs and expenses of collection (including reasonable out-of-pocket attorneys’ fees), whether incurred by a Grantor or the Collateral Agent, shall be borne by the relevant Grantor. The Collateral Agent shall deliver a copy of each notice given to any such obligors referred to in the preceding clause (y) to the relevant Grantor, provided that (x) the failure by the Collateral Agent to so notify such Grantor shall not affect the effectiveness of such notice or the other rights of the Collateral Agent created by this Section 3.3 and (y) no such notice shall be required if an Event of Default of the type described in Section 8.01(f) of the Credit Agreement has occurred and is continuing.

  • Deposit Accounts; Credit Card Processors Open new DDAs (other than Excluded DDAs and Retail DDAs) unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. No Loan Party shall maintain any bank accounts or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof.

  • Settlement of Intercompany Accounts Each Intercompany Account outstanding immediately prior to the Effective Time, will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the Ensign Group and the Pennant Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • Account Debtor The words "Account Debtor" mean the person or entity obligated upon an Account.

  • Notification to Account Debtors and Other Persons Obligated on Collateral If an Event of Default shall have occurred and be continuing, the Borrower shall, at the request and option of the Operations Agent, notify account debtors and other persons obligated on any of the Collateral of the security interest of the Operations Agent in any account, chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be made directly to the Operations Agent or to any financial institution designated by the Operations Agent as the Operations Agent’s agent therefor, and the Operations Agent may itself, if a Default or an Event of Default shall have occurred and be continuing, without notice to or demand upon the Borrower, so notify account debtors and other persons obligated on Collateral. After the making of such a request or the giving of any such notification, the Borrower shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Borrower as trustee for the Operations Agent, for the benefit of the Lenders and the Operations Agent, without commingling the same with other funds of the Borrower and shall turn the same over to the Operations Agent in the identical form received, together with any necessary endorsements or assignments. The Operations Agent shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral received by the Operations Agent to the Obligations, such proceeds to be immediately credited after final payment in cash or other immediately available funds of the items giving rise to them.

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