Notification to Account Debtors. The Agent shall have the right (after the occurrence of a Cash Control Event (as defined in the Revolving Credit Facility)) to notify any of the Loan Parties' Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral, in each case, subject to the terms of the Intercreditor Agreement.
Appears in 4 contracts
Samples: Senior Loan Agreement (DSW Inc.), Financing Agreement (Value City Department Stores Inc /Oh), Senior Loan Agreement (Retail Ventures Inc)
Notification to Account Debtors. The Agent shall have the right (after during the occurrence continuance of a Cash Control an Event (as defined in the Revolving Credit Facility)) of Default to notify any of the Loan Parties' Borrower’s Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral, in each case, subject to the terms of the Intercreditor Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Notification to Account Debtors. The Agent shall have the right (after during the occurrence continuance of a Cash Control an Event (as defined in the Revolving Credit Facility)) of Default to notify any of the Loan Parties' Borrower's Account Debtors to make payment directly to the Agent and to collect all amounts due on account of the Collateral, in each case, subject to the terms of the Intercreditor Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
