Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of Default, 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, and prompt notice and evidence thereof shall be sent to Borrowing Agent.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of DefaultDefault has occurred and is continuing, the Agent shall have the right to send notice of the assignment of, and the Agent’s security interest in and Lien onin, the Receivables to any and all Customers Account Debtors or any third party holding or otherwise concerned with any of the Collateral. ThereafterDuring the continuance of any Event of Default, the Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. The Agent’s actual reasonable collection expenses, including, but not limited to, including stationery and postage, telephone and telegraphtelecopier, secretarial and clerical expenses and the salaries of any collection personnel used for collectioncollection (including reasonable attorneys’ fees), may be charged to Borrowers’ the Loan Account and added as a Revolving Advance of an Alternate Base Rate Loan to the Obligations, Borrowers and prompt notice and evidence thereof such expenses so paid shall be sent to Borrowing Agentpart of the Obligations.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of DefaultDefault and during the continuation thereof, the Agent shall have the right to send notice of the assignment of, and the 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. ThereafterAt such time, the Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. The 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, and prompt notice and evidence thereof shall be sent to Borrowing Agent.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of Default, 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. ThereafterDuring the existence of an Event of Default, 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, and prompt notice and evidence thereof shall be sent to Borrowing Agent.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of Default, 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 as a Revolving Advance maintained as a Domestic Rate Loan and added to the Obligations, and prompt notice and evidence thereof shall be sent to Borrowing Agent.