Common use of Notification to Account Debtors Clause in Contracts

Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the Lender shall have the right to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Gadzooks Inc), Loan and Security Agreement (Gadzooks Inc), Loan and Security Agreement (Gadzooks Inc)

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Notification to Account Debtors. From and after Upon the occurrence and during the continuance of an Event of Default, the Lender shall have the right to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time following the occurrence and continuation of a Suspension Event to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after the occurrence of an Event of Default has occurred) to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (White House Inc/Md)

Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after an Event of Default has occurred to notify any of the Borrower's Principal Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Polymedica Corp)

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Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right at any time after the occurrence of an Event of Default to notify any of the Borrower's Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

Notification to Account Debtors. From and after the occurrence and during the continuance of an Event of Default, the The Lender shall have the right (whether or not an Event of Default has occurred) to notify any of the Borrower's Borrowers' Account Debtors to make payment directly to the Lender and to collect all amounts due on account of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Alloy Inc)

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