RIGHT TO NOTIFY AND ENDORSE. Borrower hereby irrevocably authorizes Lender to notify any or all Contract Debtors and Contract Rights Payors that Lender has a security interest in Contracts, Contract Rights, and other items of Collateral at any time (i) prior to the occurrence of an Event of Default, in the name of Borrower, and (ii) after the occurrence of an Event of Default, in Lender's or Borrower's name. Any such notice shall, at Lender's election, be signed by Borrower and may be sent on Borrower's stationery.
Appears in 3 contracts
Samples: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc), Registration Rights Agreement (General Acceptance Corp /In/), Motor Vehicle Installment Contract (Ugly Duckling Corp)
RIGHT TO NOTIFY AND ENDORSE. Borrower hereby irrevocably authorizes Lender to notify any or all Contract Debtors and Contract Rights Payors that Lender has a security interest in Contracts, Contract Rights, and other items of Collateral at any time (i) prior to the occurrence of an Event of Default, in the name of the Borrower, and (ii) after the occurrence of an Event of Default, in Lender's or Borrower's name. Any such notice shall, at Lender's electionelections, be signed by Borrower and may be sent on Borrower's stationery.
Appears in 1 contract
Samples: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)
