Notification to Account Debtors. The Agent shall have the right (after an Event of Default has occurred), to notify any of the Borrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Phar Mor Inc), Loan and Security Agreement (Phar Mor Inc)
Notification to Account Debtors. The Agent shall have the right (after an any Event of Default has occurred), occurred and is continuing) to notify any of the Borrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Homebase Inc), Loan and Security Agreement (Homebase Inc)
Notification to Account Debtors. The Agent shall have the right (at any time after the occurrence, and during the continuance, of an Event of Default has occurred), to notify any of the Borrowers' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Designs Inc)
Notification to Account Debtors. The Agent shall have the right (at any time, after the occurrence and during the continuance of an Event of Default has occurred)Default, to notify any of the Borrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunglass Hut International Inc)
Notification to Account Debtors. The Agent shall have the right (after following the occurrence of an Event of Default has occurred), to notify any of the BorrowersLoan Parties' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right (after at any time while of an Event of Default has occurred), occurred and is continuing to notify any of the Borrowers' Account Debtors of any Borrower to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right at any time (after whether or not an Event of Default has occurred), ) to notify any of the Borrowers' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right (after the occurrence of an Event of Default has occurred), to notify any of the Borrowers' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Hastings Entertainment Inc)
Notification to Account Debtors. The Agent shall have the right (after during the continuance of an Event of Default has occurred), to notify any of the Borrowers' β Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Notification to Account Debtors. The Agent shall have the right (at any time after an Event of Default has occurred), occurred to notify any of the Borrowers' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sports Authority Inc /De/)
Notification to Account Debtors. The Agent shall have the right (at any time, after the occurrence and during the continuance of an Event of Default has occurred)Default, to notify any of the BorrowersGuarantor' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunglass Hut International Inc)
