Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence of a Cash Control Event) to notify any of the Loan Parties' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Appears in 5 contracts
Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
Notification to Account Debtors. The Collateral Agent shall have the right (after the occurrence an Event of a Cash Control EventDefault has occurred) to notify any of the Loan PartiesBorrowers' Account Debtors to make payment directly to the Administrative Collateral Agent and to collect all amounts due on account of the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Restoration Hardware Inc), Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc)
Notification to Account Debtors. The Collateral Agent shall have the right (after upon and following the occurrence and during the continuance of a Cash Control any Suspension Event) to notify any of the Loan Parties' Borrowers’ Account Debtors to make payment directly to the Administrative Collateral Agent and to collect all amounts due on account of the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc)
Notification to Account Debtors. The Collateral Agent Agents shall have the right (after the occurrence of a Cash Control Event) to notify any of the Loan Parties' Account Debtors to make payment directly to the Administrative Agent and to collect all amounts due on account of the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Value City Department Stores Inc /Oh)
