Common use of Notification of Assignment of Receivables Clause in Contracts

Notification of Assignment of Receivables. Subject to the terms of the Factoring Agreement (as applicable with respect to the Eligible Factored Receivables) 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, 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 telecopy, secretarial and clerical expenses and the salaries of any collection personnel used for collection shall be added to the Obligations and payable upon demand.

Notification of Assignment of Receivables. Subject to At any time following the terms of the Factoring Agreement (as applicable with respect to the Eligible Factored Receivables) during the continuance occurrence of an Event of DefaultDefault and during the continuation thereof, the Collateral Agent shall have the right to send notice of the assignment of, and the Collateral Agent’s '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 such time, the Collateral Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. The Collateral Agent’s 's actual collection expenses, including, but not limited to, stationery and postage, telephone and telecopytelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection shall collection, may be charged to Company's Account and added to the Obligations and payable upon demandObligations.

Notification of Assignment of Receivables. Subject to Upon the terms of the Factoring Agreement (as applicable with respect to the Eligible Factored Receivables) occurrence and during the continuance of an Event of Default, Collateral Agent shall have the right to send notice of the assignment of, and Collateral Agent’s 's security interest inin and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. ThereafterAt all times during such period, Collateral Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Collateral Agent’s 's actual collection expenses, including, but not limited to, stationery and postage, telephone and telecopytelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection shall collection, may be charged to Borrowers' Account and added to the Obligations and payable upon demandObligations.

Notification of Assignment of Receivables. Subject to At any time following the terms of the Factoring Agreement (as applicable with respect to the Eligible Factored Receivables) 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 inin and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. ThereafterThereafter during the continuance of an Event of Default, 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 telecopytelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection shall collection, may be charged to Borrowers’ Account and added to the Obligations and payable upon demandObligations.

Notification of Assignment of Receivables. Subject to At any time following the terms of the Factoring Agreement (as applicable with respect to the Eligible Factored Receivables) 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, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Thereafter following the occurrence and during the continuance 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 telecopytelegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection shall collection, may be charged to Borrowers' Account and added to the Obligations and payable upon demandObligations.