Common use of Notice to Obligors Clause in Contracts

Notice to Obligors. At any time when an Event of Default has occurred and is continuing, any of the Agents may notify the Obligors of Receivables, or any of them, of the Borrower's ownership of the Receivables, and the Administrative Agent's security interest, for the benefit of the Secured Parties, in the Collateral.

Notice to Obligors. At any time when an Event of Default has occurred and is continuing, any of the Agents may notify the Obligors of ReceivablesPurchased Assets, or any of them, of the Borrower's ’s ownership of the ReceivablesPurchased Assets, and the Administrative Agent's ’s security interest, for the benefit of the Secured Parties, in the Collateral.

Notice to Obligors. At any time when an Event of Default has occurred and is continuing, any of the Agents may notify the Obligors of Receivables, or any of them, of the Borrower's ’s ownership of the Receivables, and the Administrative Agent's ’s security interest, for the benefit of the Secured Parties, in the Collateral.

Notice to Obligors. At any time when an Event of Default has occurred and is continuing, any of the Agents Administrative Agent may notify the Obligors of Receivables, or any of them, of the Borrower's ownership of the Receivables, and the Administrative Agent's security interest, for the benefit of the Secured Parties, in the Collateral.