Common use of Notification of Account Debtors Clause in Contracts

Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 37 contracts

Samples: Loan and Security Agreement (Stockeryale Inc), Loan and Security Agreement (Stockeryale Inc), Loan Agreement (Stockeryale Inc)

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Notification of Account Debtors. MLBFS may notify any Account Debtor account debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 12 contracts

Samples: Loan and Security Agreement (Yp Net Inc), Loan and Security Agreement (Exactech Inc), Loan and Security Agreement (Derma Sciences Inc)

Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; Paper and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 5 contracts

Samples: Term Wcma Loan and Security Agreement (Cd Warehouse Inc), Wcma Loan and Security Agreement (Rent a Wreck of America Inc), Wcma Loan and Security Agreement (Rent a Wreck of America Inc)

Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 4 contracts

Samples: Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Lakeland Industries Inc)

Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; , and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 1 contract

Samples: Loan and Security Agreement (Novo Mediagroup Inc)

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Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account Amount or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 1 contract

Samples: Security Agreement (DND Technologies Inc)

Notification of Account Debtors. MLBFS may notify any Account Debtor account debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor account debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; : and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Fitness Corp /Mn/)

Notification of Account Debtors. MLBFS may notify any Account Debtor that its Account or Chattel Paper has been assigned to MLBFS and direct such Account Debtor to make payment directly to MLBFS of all amounts due or becoming due with respect to such Account or Chattel Paper; and MLBFS may enforce payment and collect, by legal proceedings or otherwise, such Account or Chattel Paper.,

Appears in 1 contract

Samples: Reducing Revolver Loan and Security Agreement (Rent a Wreck of America Inc)

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