Processing, Sale, Collections, Etc. Until such time as Agent shall notify Grantors to the contrary, Grantors (i) will, at their own expense, endeavor to collect, as and when due, all amounts due with respect to any of the Collateral, including the taking of any action with respect to collection as Agent may reasonably request or, in the absence of a request, as Grantors may deem advisable, and (ii) may grant, in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which the party may be lawfully entitled. Agent, during the continuance of an Event of Default, subject to any rights of PREFSA as Lender under the PREFSA Loan Agreement, may notify any parties obligated on any of the Collateral to make payment to the Purchasers or to a bank account designated by Agent of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise and surrender, release or exchange all or part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby. At Agent's request during the continuance of an Event of Default, subject to any rights of PREFSA as Lender under the PREFSA Loan Agreement, Grantors will, at their own expense, (a) notify any parties obligated on any of the Collateral to make payment to Agent or to a bank account designated by Agent of any amounts due or to become due thereunder and (b) cause all instruments and Chattel Paper, upon receipt by any Grantor, to be immediately endorsed to and deposited with Agent.
Processing, Sale, Collections, Etc. (a) Until notice from the Agent to the contrary, given at any time after the occurrence and during the continuance of any Default, each Company:
Processing, Sale, Collections, Etc. Until the occurrence of an ---------------------------------- Event of Default and thereafter until such time as Lender shall notify Borrower of the revocation of such power and authority, Borrower (i) may, in the ordinary course of its business, at its own expense, sell, lease or furnish under contracts of service any of the Inventory normally held by Borrower for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by Borrower for such purpose, (ii) may, at its own expense, endeavor to collect, as and when due, all amounts due with respect to any of the nontangible Collateral, including the taking of such action with respect to such collection as Lender may reasonably request or, in the absence of such request, as Borrower may deem advisable, and (iii) may grant, subject to subsection 4.5, in the ordinary course of business, -------------- to any party obligated on any of the nontangible Collateral, any rebate, refund or allowance to which such Person may be lawfully entitled, and may accept, in connection therewith, the return of Goods, the sale or lease of which shall have given rise to such nontangible Collateral.
Processing, Sale, Collections, Etc. (a) Until notice from Secured Party to the contrary, given at any time after the occurrence and during the continuance of any Event of Default, Debtor (i) will, at its own expense, endeavor to collect, when due, all amounts due with respect to any of the Intangible Collateral, and take such action with respect to such collection as Secured Party may reasonably request or, in the absence of such request, as Debtor may deem advisable; and (ii) may grant in the ordinary course of business, to any person obligated on any of the Intangible Collateral, any rebate, refund, or allowance to which such person may be lawfully entitled, and accept, in connection therewith, the return of goods, the sale or lease of which shall have given rise to such Intangible Collateral.
Processing, Sale, Collections, Etc. Until such time as a Default or an Event of Default shall have occurred and remained continuing, the Debtor, in accordance with the terms of the Indenture,
Processing, Sale, Collections, Etc. (a) The Borrower will use Equipment constituting Collateral solely in the conduct of the Borrower’s business, will keep all tangible Collateral in good order and repair, wear and tear excepted, and will not waste or destroy any part of the Collateral nor use any of the Collateral in material violation of any statute or ordinance.
Processing, Sale, Collections, Etc. (a) Debtor will not waste or destroy any part of the Collateral nor use any of the Collateral in violation of any statute or ordinance.
Processing, Sale, Collections, Etc. (a) Debtor will, at its own expense, endeavor to collect, when due, all amounts due with respect to any of the Collateral, and take such action with respect to such collection as Secured Party may reasonably request or, in the absence of such request, as Debtor may deem advisable.
Processing, Sale, Collections, Etc. Until such time as a Default or an Event of Default shall have occurred and remained continuing, the Debtor, in accordance with the terms of the Subordinated Loan Agreement,
