Common use of Right of Direct Collection Clause in Contracts

Right of Direct Collection. The Secured Party may, at its option, notify any account Debtors of the Debtors or any obligor on any obligation payable to the Debtors and serving as Collateral for this Agreement to make payment directly to the Secured Party, and the Debtors agree to cooperate fully in executing any instruments or documentation deemed necessary by Secured Party in the exercise of such right.

Right of Direct Collection. The Secured Party may, at its option, notify any account Debtors debtors of the Debtors or any obligor on any obligation payable to the Debtors and serving as Collateral for this Agreement to make payment directly to the Secured Party, and the Debtors agree to cooperate fully in executing any instruments or documentation deemed necessary by Secured Party in the exercise of such right.