Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. At any time an Event of Default 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, the Receivables to any and all Account Debtors or any third party holding or otherwise concerned with any of the Collateral. During 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 stationery and postage, telephone and telecopier, secretarial and clerical expenses and the salaries of any collection personnel used for collection (including reasonable attorneys’ fees), may be charged to the Loan Account as a Revolving Advance of an Alternate Base Rate Loan to the Borrowers and such expenses so paid shall be part of the Obligations.

Notification of Assignment of Receivables. At any time upon the occurrence and during the continuance of an Event of Default has occurred and is continuingDefault, the Agent shall have the right to send notice of the assignment of, and the Agent’s security interest inin and Lien on, the Receivables to any and all Account Debtors Customers or any third party holding or otherwise concerned with any of the Collateral. During the continuance of any Event of DefaultThereafter, 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 including, but not limited to, stationery and postage, telephone and telecopiertelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection (including reasonable attorneys’ fees)collection, may be charged to the Loan Borrower’s Account as a Revolving Advance of an Alternate Base Rate Loan and added to the Borrowers and such expenses so paid shall be part of the Obligations.

Notification of Assignment of Receivables. At any time following the occurrence of an Event of Default has occurred and is continuingDefault, the Agent shall have the right to send notice of the assignment of, and the Agent’s security interest inin and Lien on, the Receivables to any and all Account Debtors Customers or any third party holding or otherwise concerned with any of the Collateral. During the continuance of any Event of DefaultThereafter, the Agent shall Revolving Credit and Security Agreement have the sole right to collect the Receivables, take possession of the Collateral, or both. The Agent’s actual reasonable collection expenses, including including, but not limited to, stationery and postage, telephone and telecopiertelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection (including reasonable attorneys’ fees)collection, may be charged to the Loan Borrowers’ Account as a Revolving Advance of an Alternate Base Rate Loan and added to the Borrowers and such expenses so paid shall be part of the Obligations.

Notification of Assignment of Receivables. At any time following the occurrence of an Event of Default has occurred and is continuingduring the continuation thereof, the Agent shall have the right to send notice of the assignment of, and the Agent’s 's security interest in, the Receivables to any and all Account Debtors Customers or any third party holding or otherwise concerned with any of the Collateral. During the continuance of any Event of DefaultAt 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 reasonable collection expenses, including including, but not limited to, stationery and postage, telephone and telecopiertelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection (including reasonable attorneys’ fees)collection, may be charged to the Loan Borrower's Account as a Revolving Advance of an Alternate Base Rate Loan and added to the Borrowers and such expenses so paid shall be part of the Obligations.

Notification of Assignment of Receivables. At any time following the occurrence and during the continuance of an Event of Default has occurred and is continuingDefault, the Agent shall have the right to send notice of the assignment of, and the Agent’s security interest inin and Lien on, the Receivables to any and all Account Debtors Customers or any third party holding or otherwise concerned with any of the Collateral. During the continuance of any Event of DefaultThereafter, 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 including, but not limited to, stationery and postage, telephone and telecopiertelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection (including reasonable attorneys’ fees)collection, may be charged to the Loan Borrowers’ Account as a Revolving Advance of an Alternate Base maintained as a Domestic Rate Loan and added to the Borrowers and such expenses so paid shall be part of the Obligations.

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