Notification and Collection Sample Clauses

Notification and Collection. We understand that you will: A. At your option, notify all account debtors that Receivables have been assigned to you, you have a security interest therein and payment is to be made to a lockbox; B. To the extent you have not given notice previously, you may request all account debtors to make payments on Receivables directly to you; C. If deemed necessary by you, enforce payment and collect in your name, by legal proceedings or otherwise, our Receivables and to charge the collection costs and expenses to our Loan account; and D. If deemed necessary by you, take control in any manner of any cash or non-cash proceeds of Receivables and of any rejected, returned, stopped in transit or repossessed goods relating to Receivables.

Notification and Collection. Bank is authorized and empowered at any time in its sole discretion to do and cause to be done any one or more of the following: (a) to require Grantor to notify, or itself to notify, either in its own name or in the name of Grantor any and all of the account debtors and any other person obligated to Grantor, that Grantor’s Receivables have been assigned to Bank and to request in its name, in the name of Grantor and in the name of a third person, as it elects, confirmation from any such account debtor and other person of the amount payable and any other matter stated therein or relating thereto; (b) to demand, collect and compromise for any and all sums which are now due and any and all sums which may hereafter arise and become due and owing upon any of said Receivables and upon any other obligation to Grantor; (c) to enforce payment of any Receivable and any other obligation of any person to Grantor either in its own name or in the name of Grantor; and (d) to endorse in the name of Grantor and to collect any Instrument and other medium of payment, whether tangible or electronic, tendered or received in payment of the Receivables that constitute Collateral and any other obligation to Grantor. But, Bank under no circumstances shall be under any duty to act in regard to any of the foregoing matters. Without limiting the provisions of Section 3.3.4., but in addition thereto, Grantor hereby appoints Bank and any representative of Bank as Bank may from time to time designate, as attorneys-in-fact for Grantor, to sign and endorse in the name of Grantor, to give notices in the name of Grantor and to perform all other actions necessary and desirable in the reasonable discretion of Bank to effect these provisions and carry out the intent hereof. Grantor hereby ratifies and approves all acts of such attorneys-in-fact and neither Bank nor any other such attorneys-in-fact will be liable for any acts of commission or omission nor for any error of judgement or mistake of fact or law, unless such acts of commission or omission, or other errors constitute gross negligence or willful misconduct. The foregoing power, being coupled with an interest, is irrevocable so long as any Receivable pledged and assigned to Bank remains unpaid and this Security Agreement is in force. The costs and expenses of such collection and enforcement shall be borne solely by Grantor, whether the same are incurred by or on behalf of Bank or Grantor, and if paid or incurred by Bank the same shall ...

Notification and Collection. We understand that you will: (A) At your option, notify all account debtors that Receivables have been assigned to you, you have a security interest therein and payment is to be made to a lockbox; (B) To the extent you have not given notice previously, you may request all account debtors to make payments on Receivables directly to you; (C) If deemed necessary by you, enforce payment and collect in your name, by legal proceedings or otherwise, our Receivables and to charge the collection costs and expenses to our Receivables Loan account; and (D) If deemed necessary by you, take control in any manner of any cash or non-cash proceeds of Receivables and of any rejected, returned, stopped in transit or repossessed goods relating to Receivables.

Notification and Collection. Administrator shall have the right to send out notices with respect to and collect all amounts payable for services rendered pursuant to or in connection with the Plan, including, but not limited to, annual registration fees levied on all registrants under the Plan. Administrator may send out notices under the name of and on behalf of the Plan. The Plan and the Plan Board hereby appoint Administrator to be their true and lawful attorney-in-fact for the following purposes (i) to notify registrants in their name and on their behalf, (ii) to collect, on behalf of participating states and the Plan, accounts receivable resulting from such notification in their name and on their behalf,

Notification and Collection. Borrower understands that Lender will, upon Default: A. At Lender’s option, notify all Receivable Debtors that Receivables have been assigned to Lender, that Lender has a security interest therein and payment is to be made to the Lockbox; B. To the extent Lender has not given notice previously, Lender may request all Receivable Debtors to make payments on Receivables directly to Lender; C. If deemed necessary by Lender, enforce payment and collect in Lender’s name, by legal proceedings or otherwise, Borrower’s Receivables and to charge the collection costs and expenses to Borrower’s Loan Account; and D. If deemed necessary by Lender, take control in any manner of any cash or non-cash proceeds of Receivables and of any rejected, returned, stopped in transit or repossessed goods relating to Receivables.