Notification of Security Interest. Secured Party may notify any or all account debtors and other person obligated with respect to the Collateral of the Security Interest therein. Upon the request of Secured Party, Debtor agrees to enter into such warehousing, lockbox or other custodial arrangement with respect to any of the Collateral that Secured Party shall deem necessary or desirable.
Appears in 24 contracts
Samples: General Security Agreement (Rand Capital Corp), General Security Agreement (Corning Natural Gas Holding Corp), General Security Agreement (Corning Natural Gas Holding Corp)
Notification of Security Interest. After, and during the continuance of any Event of Default, Secured Party may notify any or all account debtors and other person obligated with respect to the Collateral of the Security Interest therein. Upon the request of Secured Party, Debtor agrees to enter into such warehousing, lockbox or other custodial arrangement with respect to any of the Collateral that Secured Party shall deem necessary or desirable.
Appears in 3 contracts
Samples: General Security Agreement (Hardinge Inc), General Security Agreement (Hardinge Inc), General Security Agreement (Hardinge Inc)
Notification of Security Interest. After, and during the continuance of any Event of Default, Secured Party may notify any or all account debtors and other person obligated with respect to the Collateral of the Security Interest therein. Upon the request of Secured Party, Debtor agrees to enter into such warehousing, lockbox or other custodial arrangement with respect to any of the Collateral that Secured Party shall deem necessary or desirable.
Appears in 2 contracts
Samples: General Security Agreement (Hardinge Inc), General Security Agreement (Hardinge Inc)
Notification of Security Interest. After the occurrence and during the continuation of an Event of Default, Secured Party may notify any or all account debtors and other person obligated with respect to the Collateral of the Security Interest therein. Upon the request of Secured PartyParty after the occurrence and during the continuation of an Event of Default, Debtor agrees to enter into such warehousing, lockbox or other custodial arrangement with respect to any of the Collateral that Secured Party shall deem reasonably necessary or desirable.
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Notification of Security Interest. Secured Party may notify any or all account debtors grantors and other person obligated with respect to the Collateral of the Security Interest therein. Upon the request of Secured Party, Debtor Grantor agrees to enter into such warehousing, lockbox or other custodial arrangement with respect to any of the Collateral that Secured Party shall deem necessary or desirable.
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