Electronic Transfers. Borrower shall direct all Account Debtors on Accounts (and other third parties making remittances of proceeds of other Collateral) that make payments by electronic transfer of fonds to remit such funds directly to the Lender’s Account, the Blocked Account, or the Lockbox Account, as Lender shall so direct.
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Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)
Electronic Transfers. Borrower shall direct all Account Debtors on Accounts (and other third parties making remittances of proceeds of other Collateral) that make payments by electronic transfer of fonds funds to remit such funds directly to the Lender’s Account, the Blocked Account, or the Lockbox Account, as Lender Lenders shall so direct.
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Electronic Transfers. Borrower shall direct all Account Debtors on Accounts (and other third parties making remittances of proceeds of other Collateral) that make payments by electronic transfer of fonds funds to remit such funds directly to the Lender’s Account, the Blocked Account, or the Lockbox Account, as Lender shall so direct.
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Samples: Loan and Security Agreement (Great American Group, Inc.)
Electronic Transfers. Borrower shall direct all Account Debtors on Accounts (and other third parties making remittances of proceeds of other Collateral) that make payments by electronic transfer of fonds funds to remit such funds directly to the Lender’s Account, the Blocked Account, or the Lockbox Account, as Lender shall so direct.
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