Common use of Notice to Account Debtors Clause in Contracts

Notice to Account Debtors. In addition to, but without limitation of, the rights granted in Article III hereof, Agent may, at any time after a default has occurred that is continuing, notify the account debtors or obligors of any accounts, chattel paper, negotiable instruments or other evidences of indebtedness included in the Collateral to pay Agent directly.

Appears in 7 contracts

Samples: Deed of Trust, Mortgage, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (St Mary Land & Exploration Co), Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (Quest Resource Corp), Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (Quest Resource Corp)

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Notice to Account Debtors. In addition to, but without --------------------------- limitation of, the rights granted in Article III hereof, Agent may, at any time after a default has occurred that is continuing, notify the account debtors or obligors of any accounts, chattel paper, negotiable instruments or other evidences of indebtedness included in the Collateral to pay Agent directly.

Appears in 3 contracts

Samples: Deed of Trust, Mortgage, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (St Mary Land & Exploration Co), Deed of Trust, Mortgage, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (St Mary Land & Exploration Co), Deed of Trust, Mortgage, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (St Mary Land & Exploration Co)

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Notice to Account Debtors. In addition to, but without limitation of, the rights granted in Article III hereof, Collateral Agent may, at any time after a default an Event of Default has occurred that is continuingoccurred, notify the account debtors or obligors of any accounts, chattel paper, negotiable instruments or other evidences of indebtedness included in the Collateral to pay Collateral Agent directly.

Appears in 1 contract

Samples: Credit Agreement (Targa Resources Partners LP)

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