Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. At any time after the occurrence of an Event of Default or Incipient Event of Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and expenses, including stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to the Borrowers' account and added to the Obligations.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

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Notification of Assignment of Receivables. At any time after following the occurrence of an Event of Default or Incipient Event of Defaulthereunder, the Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender'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 the Borrowers' Borrower's account and added to the Obligations.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Advanced Lighting Technologies Inc)

Notification of Assignment of Receivables. At any time after following the occurrence and during the continuance of an Event of Default or Incipient Event of a Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender's actual collection expenses, including 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 the Borrowers' Borrower's account and added to the Obligations.

Appears in 1 contract

Samples: Credit and Security Agreement (Cold Metal Products Inc)

Notification of Assignment of Receivables. At any time after following the occurrence of an Event of Default or Incipient Event of a Default, the Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and The Lender's actual collection expenses, including 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 the Borrowers' account Loan Account and added to the Obligations.

Appears in 1 contract

Samples: And (Blonder Tongue Laboratories Inc)

Notification of Assignment of Receivables. At any time after following the occurrence and during the continuance of an Event of Default or Incipient Event of Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender's reasonable collection expenses, including 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 the Borrowers' account Borrower's Account and added to the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Atari Inc)

Notification of Assignment of Receivables. At any time after the occurrence of following an Event of Default or an Incipient Event of Default, the Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and expenses, including stationery Stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to the Borrowers' Borrower's account and added to the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Cold Metal Products Inc)

Notification of Assignment of Receivables. At any time after following the occurrence and during the continuance of an Event of Default or Incipient Event of a Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender's actual collection expenses, including 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 the Borrowers' account Account and added to the Obligations.

Appears in 1 contract

Samples: Security Agreement (Cold Metal Products Inc)

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Notification of Assignment of Receivables. At any time after the occurrence of an Event of Default or Incipient Event of Defaulttime, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, 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 of any Event of Default, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender's actual collection expenses, including including, but not limited to, stationery and postage, telephone and telegraph, applicable secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to the Borrowers' account Borrower and added to the Obligations.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Harolds Stores Inc)

Notification of Assignment of Receivables. At any time after following the occurrence of an Event of Default or Incipient Event of a Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and Lender's actual collection expenses, including 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 the Borrowers' account Borrower's Account and added to the Obligations.. "(f)

Appears in 1 contract

Samples: Credit, Term Loan And Security Agreement (Measurement Specialties Inc)

Notification of Assignment of Receivables. At any time after the occurrence of an Event of Default or Incipient Event of Default, Lender shall have the right to send notice of the assignment of, and the Lender's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, the Lender shall have the sole right to collect the Receivables, take possession of the Collateral, or both. All costs, fees and expenses, including stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to the Borrowers' Borrower's account and added to the Obligations.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

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