Notification of Default to Third Parties. Upon the occurrence of an Event of Default and at any time thereafter, the Lender may notify any of the Borrower's suppliers, account debtors and other third parties of the default and
Appears in 3 contracts
Samples: Open End Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Loan Agreement (Spectran Corp)
Notification of Default to Third Parties. Upon demand on the Note or the occurrence of an Event of Default and at any time thereafter, the Lender may notify any of the Borrower's suppliers, account debtors and other third parties of the default andand of any and all decisions made and actions taken by the Lender with respect to this Agreement, the Obligations or the Collateral, without liability of any kind.
Appears in 2 contracts
Samples: Demand Line of Credit Loan and Security Agreement (Vivid Technologies Inc), Line of Credit Loan and Security Agreement (Vivid Technologies Inc)
Notification of Default to Third Parties. Upon the occurrence of an Event of Default and at any time thereafter, the Lender may notify any of the Borrower's ’s or any Guarantor’s suppliers, account debtors and other third parties of the default andand of any and all decisions made and actions taken by the Lender with respect to this Agreement, the Obligations or the Collateral, without liability of any kind.
Appears in 1 contract
Notification of Default to Third Parties. Upon the occurrence of an Event of Default and at any time thereafter, the Lender may notify any of the Borrower's suppliers, account debtors and other third parties of the default andand of any and all decisions made and actions taken by the Lender with respect to this Agreement, the Obligations or the Collateral, without liability of any kind, except for actions taken by the Lender in bad faith or in a grossly negligent manner.
Appears in 1 contract
