Common use of Notice to Account Debtors and Contracting Parties Clause in Contracts

Notice to Account Debtors and Contracting Parties. At any time after the occurrence and during the continuance of an Event of Default, the Agent shall have the right upon written notice to the Grantor of its intention to do so, to notify account debtors or obligors on the Accounts and parties to the Contracts that the Accounts and the Contracts have been assigned to the Agent for the ratable benefit of the Lenders and that payments due or to become due to the Grantor in respect thereof shall be made directly to the Agent and, upon such notification, and at the expense of the Grantor, to enforce collection of any such Accounts. At any time after the occurrence and during the continuance of an Event of Default, the Agent may, at any time, in its own name or in the name of the Lenders or the Grantor communicate with account debtors on the Accounts and parties to the Contracts to verify with them to its satisfaction the existence, amount and terms of any Accounts or Contracts.

Notice to Account Debtors and Contracting Parties. At any time after the occurrence and during the continuance of an Event of Default, the Agent shall have the right upon written notice to the Grantor of its intention to do so, to notify account debtors or obligors on the Accounts and parties to the Contracts that the Accounts and the Contracts have been assigned to the Agent for the ratable benefit of the Lenders and that payments due or to become due to the Grantor in respect thereof shall be made directly to the Agent and, upon such notification, and at the expense of the Grantor, to enforce collection of any such Accounts. At any time after the occurrence and during the continuance of an Event of Default, the Agent may, at any time, in its own name or in the name of the Lenders or the Grantor communicate with account debtors on the Accounts and parties to the Contracts to verify with them to its satisfaction the existence, amount and terms of any Accounts or Contracts.with

Notice to Account Debtors and Contracting Parties. At any time after the occurrence and during the continuance of an Event of Default, the Agent shall have the right upon written notice to the Grantor Borrower of its intention to do so, to notify account debtors or obligors on the Accounts and parties to the Contracts that the Accounts and the Contracts have been assigned to the Agent for the ratable benefit of the Lenders and that payments due or to become due to the Grantor Borrower in respect thereof shall be made directly to the Agent and, upon such notification, and at the expense of the GrantorBorrower, to enforce collection of any such Accounts. At any time after the occurrence and during the continuance of an Event of Default, the Agent may, at any time, in its own name or in the name of the Lenders or the Grantor Borrower communicate with account debtors on the Accounts and parties to the Contracts to verify with them to its satisfaction the existence, amount and terms of any Accounts or Contracts.