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Common use of Notification to Account Debtors Clause in Contracts

Notification to Account Debtors. Collateral Agent shall have the right at any time following an Event of Default and at anytime thereafter) to notify any of the Debtor's account debtors to make payment directly to Collateral Agent and to collect all amounts due on account of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Cytomedix Inc), Security Agreement (Cytomedix Inc)

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Notification to Account Debtors. The Collateral Agent shall have the right at any time following an that a Suspension Event of Default and at anytime thereafter) has occurred, to notify any of the DebtorBorrower's account debtors Account Debtors to make payment directly to Collateral the Administrative Agent and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

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Notification to Account Debtors. The Collateral Agent shall have the right at any time following an Event (after the occurrence of Default and at anytime thereaftera Cash Control Event) to notify any of the Debtor's account debtors Loan Parties’ Account Debtors to make payment directly to Collateral the Administrative Agent and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Retail Ventures Inc)

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