Common use of Notification of Account Debtors Clause in Contracts

Notification of Account Debtors. Secured Party may, at any time and from time to time, notify any or all Account Debtors of the Security Interest and may direct such Account Debtors to make all payments on Receivables directly to Secured Party.

Appears in 3 contracts

Samples: Loan and Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Delsoft Consulting Inc), Loan and Security Agreement (Computone Corporation)

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Notification of Account Debtors. Secured Party may, at any time and from time to time, after the occurrence and during the continuance of an Event of Default notify any or all Account Debtors of the Security Interest security interest and may direct such Account Debtors to make all payments on Receivables directly to Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Jupitermedia Corp)

Notification of Account Debtors. Upon the occurrence and during the continuation of an Event of Default, Secured Party may, at any time and from time to time, notify any or all Account Debtors of the Security Interest and may direct such Account Debtors to make all payments on Receivables directly to Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Elecsys Corp)

Notification of Account Debtors. Secured Party may, may at any time and its discretion from time to time, time notify any or all Account Debtors obligors under any accounts (i) of the Security Interest Secured Party's security interest in such accounts and may direct such Account Debtors obligors to make payment of all payments on Receivables amounts due or to become due to Debtor thereunder directly to Secured Party., and (ii) to verify the accounts with such obligors. Secured Party shall have the right, at the expense of Debtor, to enforce collection of any such accounts and to adjust, settle

Appears in 1 contract

Samples: Security Agreement (Eagle Geophysical Inc)

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Notification of Account Debtors. At any time during the continuance of an Event of Default, Secured Party may, at any time and from time to time, notify any or all Account Debtors of the Security Interest and may direct such Account Debtors to make all payments on Receivables directly to Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

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