Common use of Intercompany Receivables Clause in Contracts

Intercompany Receivables. (a) If a Grantor grants Liens over its intercompany receivables from time to time it shall be free to deal with those receivables in the course of its business (subject to the Debt Documents) until an Event of Default has occurred and is continuing. (b) Notice of the Liens will be served on the intercompany debtor after a Notes Relevant Acceleration Event, if so requested by the Security Agent.