Common use of Notification to Account Debtors Clause in Contracts

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 4 contracts

Samples: Loan Agreement (Crown Books Corp), Revolving Credit Agreement (Right Start Inc /Ca), Loan and Security Agreement (Big Entertainment Inc)

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Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence, and during the continuance, of an Event of Default has occurred) Default, to notify any of the Borrower's a Loan Party’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)

Notification to Account Debtors. The Lender shall have the right at ------------------------------- any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not after an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Factory Card Outlet Corp), Term Loan and Security Agreement (Sun Television & Appliances Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Harrys Farmers Market Inc), Loan and Security Agreement (Bluefly Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence of an Event of Default has occurred) to notify any of the Borrower's Borrowers’ Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Dreams Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of if the Borrower is In Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Redenvelope Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an upon the occurrence of and unless and until any such Event of Default has occurred) is named in writing by Lender), to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Great Train Store Co)

Notification to Account Debtors. The Lender shall have the right at any time (whether following and during the continuance of a Suspension Event or not an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvey Electronics Inc)

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Notification to Account Debtors. The Upon the occurrence and during the continuance of an Event of Default, the Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the Borrower's ’s Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not an Event of Default has occurred) to notify any of the any Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynagen Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not after the occurrence and during the continuance of an Event of Default has occurred) to notify any of the Borrower's Borrowers’ Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

Notification to Account Debtors. The Lender shall have the right at ------------------------------- any time (whether or not an Event of Default has occurred) to notify any of the Borrower's Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Video City Inc)

Notification to Account Debtors. The Lender shall have the right at any time (whether or not following an Event of Default has occurred) and at anytime thereafter to notify any of the Borrower's Account Debtors Grantor’s account debtors to make payment payments directly to the Lender and to collect all amounts due on account of the Collateral, subject to Prior Known Obligations.

Appears in 1 contract

Samples: Security Agreement (Elandia, Inc.)

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