Notification to Account Debtors. The Agent shall have the right at any time following the occurrence of a Cash Management Condition (and 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 (Lechters Inc), Loan and Security Agreement (Lechters Inc)
Notification to Account Debtors. The Agent shall have the right at any time following after the occurrence of a Cash Management Condition (and 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 (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)
Notification to Account Debtors. The Agent shall have the right at any time following the occurrence of a Cash Management Condition (and 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.the
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 following the occurrence of a Cash Management Condition (and whether or not an Event of Default has occurred) to notify any of the Borrowers' Borrower's Account Debtors Debtors, credit card processors, and other Persons purchasing Accounts to make payment directly to the Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Revolving Credit Facility (Sun Television & Appliances Inc)
Notification to Account Debtors. The Agent shall have the right at any time following the occurrence of a Cash Management Condition (and an Event of Default has occurred) to notify any of the Borrowers' and Guarantors' 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 following the occurrence of a Cash Management Condition (and whether or not 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 1 contract
Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)
Notification to Account Debtors. The Agent shall have the right at any time following after the occurrence occurrence, and during the continuance, of a Cash Management Condition (and an Event of Default has occurred) Default, to notify any of the Borrowers' a Loan Party’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: Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement (Aeropostale Inc)
Notification to Account Debtors. The Agent shall have the right at any time following (upon the occurrence and during the continuance of a Cash Management Condition (and an Event of Default has occurredDefault) 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
Notification to Account Debtors. The Agent shall have the right at any time following the occurrence of a Cash Management Condition (and after 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 (Factory Card Outlet Corp)
Notification to Account Debtors. The Agent shall have the right at any time following after the occurrence occurrence, and during the continuance, of a Cash Management Condition (and an Event of Default has occurred) Default, 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 at any time following the occurrence of a Cash Management Condition (and after an Event of Default has occurredoccurred and is continuing) 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.. /October 28, 1997/ 46
Appears in 1 contract
