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 continuation of an Event of Default or a 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.

Notification of Assignment of Receivables. At any time following after the occurrence and during the continuation continuance of an Event of Default or a Default, 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.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuation of an Event of Default or a Defaultand provided Agent elects to exercise its remedies hereunder, 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.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuation of an Event of Default or a 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.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuation of an Event of Default or a DefaultDefault and the continuance thereof, 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 telegraphfacsimile, 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 following the occurrence and during the continuation of an Event of Default or a DefaultDefault that has not been waived or cured, Agent shall have the right to send notice of the assignment of, and Agent'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 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.