Common use of Notice to Purchaser Clause in Contracts

Notice to Purchaser. Borrower authorizes any of Lender, Lockbox Agent or Servicing Agent (but none of Lender, Lockbox Agent nor Servicing Agent shall be obligated) to communicate at any time and from time to time with any Purchaser or any other Person primarily or secondarily liable under a Pledged Note Receivable with regard to the Lien of Lender thereon and any other matter relating thereto, and by no later than the Effective Date, Borrower shall deliver to Lender a notification to the Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Purchasers (or other obligors) may be directed to remit all payments in respect of the Collateral as Lender may require.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

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Notice to Purchaser. Borrower authorizes any of Lender (but neither Lender, Lockbox Agent or Servicing Agent (but none of Lender, nor Lockbox Agent nor Servicing Agent shall be obligated) to communicate at any time and from time to time with any Purchaser 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 Effective Closing Date, Borrower shall deliver to Lender a notification notifications to the Purchasers Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Purchasers Applicable Underlying Borrowers (or other obligors) may be 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 any of Lender, the Lockbox Agent or Servicing Agent (but none of neither Lender, the Lockbox Agent nor the Servicing Agent shall be obligated) to communicate at any time and from time to time with any 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 Effective Closing Date, Borrower shall deliver to Lender a notification to the Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Purchasers (or other obligors) may be directed to remit all payments in with respect of to the Collateral as Lender may require.

Appears in 1 contract

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

Notice to Purchaser. Borrower authorizes any of either Lender or Backup Servicer (but neither Lender, Lockbox Agent or Servicing Agent (but none of LenderAgent, Lockbox Agent Agent, nor Servicing Agent Backup Servicer shall be obligated) to communicate at any time and from time to time with any Purchaser 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 Effective Closing Date, Borrower shall deliver to Lender a notification notifications to the Purchasers Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Purchasers Applicable Underlying Borrowers (or other obligors) may be 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 authorizes any of Lender, Lockbox Agent either Lender or Servicing Verification Agent (but none of neither Lender, Servicing Agent, Lockbox Agent Agent, nor Servicing Verification Agent shall be obligated) to communicate at any time and from time to time with any Purchaser 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 Effective Closing Date, Borrower shall deliver to Lender a notification notifications to the Purchasers Applicable Underlying Borrowers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the Purchasers Applicable Underlying Borrowers (or other obligors) may be 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 hereby authorizes any of Lender, Servicing Agent, and Lockbox Agent or Servicing Agent (but none of neither Lender, Servicing Agent, nor Lockbox Agent nor Servicing Agent shall be obligated) to communicate at any time and from time to time with any 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 Effective Closing Date, Borrower shall deliver to Lender a notification notifications to the Purchasers executed in blank by Borrower and in form acceptable to Lender, pursuant to which the such Purchasers (or other obligors) may be 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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