Common use of Notice to Purchaser Clause in Contracts

Notice to Purchaser. Borrower authorizes Lender (but neither Lender, Servicing Agent nor Lockbox Agent shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Date, Borrower shall deliver to Lender notifications to the Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers (or other obligors) are directed to remit all payments in respect of the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Notice to Purchaser. Borrower hereby authorizes Lender Lender, Servicing Agent, and Lockbox Agent (but neither Lender, Servicing Agent Agent, nor Lockbox Agent shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower Purchaser or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Date, Borrower shall deliver to Lender notifications to the Applicable Underlying Borrowers Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers such Purchasers (or other obligors) are directed to remit all payments in respect of the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Notice to Purchaser. Borrower authorizes Lender any of Lender, Lockbox Agent or Servicing Agent (but neither none of Lender, Servicing Lockbox Agent nor Lockbox Servicing Agent shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower Purchaser or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Effective Date, Borrower shall deliver to Lender notifications a notification to the Applicable Underlying Borrowers Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers Purchasers (or other obligors) are may be directed to remit all payments in respect of the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

Notice to Purchaser. Borrower authorizes Lender any of Lender, the Lockbox Agent or Servicing Agent (but neither Lender, Servicing the Lockbox Agent nor Lockbox the Servicing Agent shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower Purchaser or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Date, Borrower shall deliver to Lender notifications a notification to the Applicable Underlying Borrowers Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers Purchasers (or other obligors) are may be directed to remit all payments in with respect of to the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

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Notice to Purchaser. Borrower authorizes either Lender or Backup Servicer (but neither Lender, Servicing Agent Agent, Lockbox Agent, nor Lockbox Agent Backup Servicer shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Date, Borrower shall deliver to Lender notifications to the Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers (or other obligors) are directed to remit all payments in respect of the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Notice to Purchaser. Borrower authorizes either Lender or Verification Agent (but neither Lender, Servicing Agent Agent, Lockbox Agent, nor Lockbox Verification Agent shall be obligated) to communicate at any time and from time to time with any Applicable Underlying Borrower or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of the Lender thereon and any other matter relating thereto, and by no later than the Closing Date, Borrower shall deliver to Lender notifications to the Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Applicable Underlying Borrowers (or other obligors) are directed to remit all payments in respect of the Collateral to Lockbox Agent or as Lender may otherwise require.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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