Notification of Assignment of Receivables. At any time, 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.
Appears in 4 contracts
Samples: Security Agreement (Valuevision Media Inc), Security Agreement (Geokinetics Inc), Security Agreement (Geokinetics Inc)
Notification of Assignment of Receivables. At any time, time 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’ Borrower's Account and added to the Obligations.
Appears in 1 contract
Notification of Assignment of Receivables. At any time, Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien onin, 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.
Appears in 1 contract
Samples: Credit and Security Agreement (Vista Information Solutions Inc)
Notification of Assignment of Receivables. At any time, 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. ThereafterAt any time after the occurrence and during the continuance of an Event of Default and the election by Agent to exercise its rights under this sentence, 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Swenson Granite Co LLC)
Notification of Assignment of Receivables. At any time, 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.
Appears in 1 contract
Notification of Assignment of Receivables. At any time, time 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.
Appears in 1 contract
Samples: Security Agreement (Sparton Corp)
Notification of Assignment of Receivables. At any time, time 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’ Borrower’s Account and added to the Obligations.
Appears in 1 contract
Notification of Assignment of Receivables. At any time, time Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien onin, 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.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Hirsch International Corp)
Notification of Assignment of Receivables. At any time, time Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien onin, 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 telegraphtelecopy, 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.
Appears in 1 contract
Notification of Assignment of Receivables. At any time, 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.
Appears in 1 contract
Notification of Assignment of Receivables. At any time, time Agent shall have the right to send notice of the assignment of, and Agent’s 's security interest in and Lien onin, 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’ Borrower's Account and added to the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)