Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. At any time after the occurrence and during the continuation of an Event of Default, or if Agent in its reasonable business judgment believes proceeds of Collateral are being impaired or diverted, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. At any time after the occurrence and during the continuation of a Default or an Event of Default, Default or if in the event that Agent in its reasonable business judgment reasonably believes that proceeds of the Collateral are being impaired or diverted, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. At any time after following the occurrence and during the continuation of an Event of Default, or if Agent in its reasonable business judgment believes proceeds of Collateral are being impaired or diverted, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. After the occurrence and during the continuance of an Event of Default, Agent’s actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ Account and added to the Obligations.

Notification of Assignment of Receivables. At any time after following the occurrence and during the continuation of a Default or an Event of Default, or if Agent but in its reasonable business judgment believes proceeds all events subject to the provisions of Collateral are being impaired or divertedthe Financing Order, Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent’s 's actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers’ ' Account and added to the Obligations.