Common use of Special Rights Regarding Receivables Clause in Contracts

Special Rights Regarding Receivables. Lenders or any of their agents may, at any time and from time to time in its sole discretion upon the existence of any Event of Default, verify, directly with each Person (collectively, the “Obligors”) that owes any Receivables to Grantor, the Receivables in any reasonable manner. Lenders or any of their agents may, at any time from time to time after and during the continuance of an Event of Default, notify the Obligors of the security interest of Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders in Lenders’ names. If Lenders or any of their agents shall collect such obligations directly from the Obligors, Lenders or any of their agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders or any of their agents shall deem appropriate. Grantor directs and authorizes any and all of its present and future Obligors to comply with requests for information from Lenders, Lxxxxxx’ designees and agents and/or auditors, relating to any and all business transactions between Grantor and the Obligors. Grantor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders or Lenders’ agents or designees to pay directly to Lenders any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantor, and any such payment shall act as a discharge of any debt of such Obligor to Grantor in the same manner as if such payment had been made directly to Grantor. Gxxxxxx agrees to take any and all action as Lxxxxxx may reasonably request to assist Lxxxxxx in exercising the rights described in this Section.

Special Rights Regarding Receivables. Lenders The Agent or any of their its agents may, at any time and from time to time in its sole discretion upon and irrespective of the existence of any Event of DefaultDefault under this Security Agreement, verify, directly with each Person person (collectively, the “"Obligors”") that which owes any Receivables to Grantorthe Debtor, the Receivables in any reasonable manner. Lenders The Agent or any of their its agents may, at any time from time to time after and during the continuance of an Event of DefaultDefault under this Security Agreement, notify the Obligors of the security interest of the Agent for the benefit of the Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders the Agent in Lenders’ namesthe Agent's name. If Lenders the Agent or any of their its agents shall collect such obligations directly from the Obligors, Lenders the Agent or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders the Agent or any of their its agents shall deem appropriate. Grantor The Debtor directs and authorizes any and all of its present and future Obligors account debtors to comply with requests for information from Lendersthe Agent, Lxxxxxx’ the Agent's designees and agents and/or auditors, relating to any and all business transactions between Grantor the Debtor and the Obligors. Grantor The Debtor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders the Agent or Lenders’ the Agent's agents or designees to pay directly to Lenders the Agent any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantorthe Debtor, as provided in this paragraph 1(j) and any such payment shall act as a discharge of any debt of such Obligor to Grantor the Debtor in the same manner as if such payment had been made directly to Grantorthe Debtor. Gxxxxxx The Debtor agrees to take any and all action as Lxxxxxx the Agent may reasonably request to assist Lxxxxxx the Agent in exercising the rights described in this Sectionparagraph 1(j).

Special Rights Regarding Receivables. Lenders The Agent or any of their its agents may, at any time and from time to time in its sole discretion upon and irrespective of the existence of any Event of DefaultDefault under this Security Agreement, verify, directly with each Person person (collectively, the “"Obligors”") that which owes any Receivables to Grantorthe Debtor, the Receivables in any reasonable manner. Lenders The Agent or any of their its agents may, at any time from time to time after and during the continuance of an Event of DefaultDefault under this Security Agreement, notify the Obligors of the security interest of the Agent for the benefit of the Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders the Agent in Lenders’ namesthe Agent's name. If Lenders the Agent or any of their its agents shall collect such obligations directly from the Obligors, Lenders the Agent or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders the Agent or any of their its agents shall deem appropriate. Grantor The Debtor directs and authorizes any and all of its present and future Obligors account debtors to comply with requests for information from Lendersthe Agent, Lxxxxxx’ the Agent's designees and agents and/or auditors, relating to any and all business transactions between Grantor the Debtor and the Obligors. Grantor The Debtor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders the Agent or Lenders’ the Agent's agents or designees to pay directly to Lenders the Agent any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantorthe Debtor, as provided in this paragraph 1(j) and any such payment shall act as a discharge of any debt of such Obligor to Grantor the Debtor in the same manner as if such payment had been made directly to Grantorthe Debtor. Gxxxxxx The Debtor agrees to take any and all action as Lxxxxxx the Agent may reasonably request to assist Lxxxxxx the Agent in exercising the rights described in this Section.paragraph 1(j). (k)

Special Rights Regarding Receivables. Lenders or any of their agents may, at any time and from time to time in its sole discretion upon the existence of any Event of Default, verify, directly with each Person (collectively, the “Obligors”) that owes any Receivables to Grantor, the Receivables in any reasonable manner. Lenders or any of their agents may, at any time from time to time after and during the continuance of an Event of Default, notify the Obligors of the security interest of Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders in Lenders’ names. If Lenders or any of their agents shall collect such obligations directly from the Obligors, Lenders or any of their agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders or any of their agents shall deem appropriate. Grantor directs and authorizes any and all of its present and future Obligors to comply with requests for information from Lenders, LxxxxxxLenders’ designees and agents and/or auditors, relating to any and all business transactions between Grantor and the Obligors. Grantor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders or Lenders’ agents or designees to pay directly to Lenders any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantor, and any such payment shall act as a discharge of any debt of such Obligor to Grantor in the same manner as if such payment had been made directly to Grantor. Gxxxxxx Grantor agrees to take any and all action as Lxxxxxx Lenders may reasonably request to assist Lxxxxxx Lenders in exercising the rights described in this Section.

Special Rights Regarding Receivables. Lenders The Agent or any of their its agents may, at any time and from time to time in its sole discretion upon and irrespective of the existence of any Event event of Defaultdefault under this Security Agreement, verify, directly with each Person person (collectively, the “"Obligors”") that which owes any Receivables to such Grantor, the Receivables in any reasonable manner. Lenders The Agent or any of their its agents may, at any time from time to time after and during the continuance of an Event event of Defaultdefault under this Security Agreement, notify the Obligors of the security interest of the Agent for the benefit of the Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders the Agent in Lenders’ namesthe Agent's name. If Lenders the Agent or any of their its agents shall collect such obligations directly from the Obligors, Lenders the Agent or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders the Agent or any of their its agents shall deem appropriate. Such Grantor directs and authorizes any and all of its present and future Obligors account debtors to comply with requests for information from Lendersthe Agent, Lxxxxxx’ the Agent's designees and agents and/or auditors, relating to any and all business transactions between such Grantor and the Obligors. Such Grantor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders the Agent or Lenders’ the Agent's agents or designees to pay directly to Lenders the Agent any and all sums of money or proceeds now or hereafter owing by the Obligors to such Grantor, as provided in this paragraph 1(j) and any such payment shall act as a discharge of any debt of such Obligor to such Grantor in the same manner as if such payment had been made directly to such Grantor. Gxxxxxx Such Grantor agrees to take any and all action as Lxxxxxx the Agent may reasonably request to assist Lxxxxxx the Agent in exercising the rights described in this Section.paragraph 1(j). (k)

Special Rights Regarding Receivables. Lenders Lender or any of their its agents may, at any time and from time to time in its sole discretion upon the existence of any Event of Default, verify, directly with each Person (collectively, the “Obligors”) that which owes any Receivables to Grantor, the Receivables in any reasonable manner. Lenders Lender or any of their its agents may, at any time from time to time after and during the continuance of an Event of Default, notify the Obligors of the security interest of Lenders Lender in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders Lender in Lenders’ namesLender’s name. If Lenders Lender or any of their its agents shall collect such obligations directly from the Obligors, Lenders Lender or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders Lender or any of their its agents shall deem appropriate. Grantor directs and authorizes any and all of its present and future Obligors to comply with requests for information from LendersLender, Lxxxxxx’ Lender’s designees and agents and/or auditors, relating to any and all business transactions between Grantor and the Obligors. Grantor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders Lender or Lenders’ Lender’s agents or designees to pay directly to Lenders Lender any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantor, and any such payment shall act as a discharge of any debt of such Obligor to Grantor in the same manner as if such payment had been made directly to Grantor. Gxxxxxx Grantor agrees to take any and all action as Lxxxxxx Lender may reasonably request to assist Lxxxxxx Lender in exercising the rights described in this Section.

Special Rights Regarding Receivables. Lenders The Bank or any of their its agents may, at any time and from time to time in its sole discretion upon the existence of any following an Event of Default, verify, directly with each Person person (collectively, the “"Obligors”") that which owes any Receivables to Grantorany Debtor, the Receivables in any reasonable manner. Lenders The Bank or any of their its agents may, at any time from time to time after and during the continuance of an Event of Default, notify the Obligors of the security interest of Lenders the Bank in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders the Bank in Lenders’ namesthe Bank's name. If Lenders the Bank or any of their its agents shall collect such obligations directly from the Obligors, Lenders the Bank or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders the Bank or any of their its agents shall deem appropriate. Grantor directs The Debtors direct and authorizes authorize any and all of its present and future Obligors to comply with requests for information from Lendersthe Bank, Lxxxxxx’ the Bank's designees and agents and/or auditorsauditors issued pursuant to this Section, relating to any and all business transactions between Grantor the Debtors and the Obligors. Grantor The Debtors further directs direct and authorizes authorize all of its Obligors upon receiving a notice or request sent by Lenders the Bank or Lenders’ the Bank's agents or designees pursuant to this Section to pay directly to Lenders the Bank any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantorthe Debtors, and any such payment shall act as a discharge of any debt of such Obligor to Grantor the Debtors in the same manner as if such payment had been made directly to Grantorthe Debtors. Gxxxxxx agrees The Debtors agree to take any and all action as Lxxxxxx the Bank may reasonably request to assist Lxxxxxx the Bank in exercising the rights described in this Section.

Special Rights Regarding Receivables. Lenders The Agent or any of their its agents may, at any time and from time to time in its sole discretion upon and irrespective of the existence of any Event of DefaultDefault under this Security Agreement, verify, directly with each Person person (collectively, the “"Obligors”") that owes any Receivables to Grantorthe Company, the Receivables in any reasonable manner. Lenders The Agent or any of their its agents may, at any time from time to time after and during the continuance of an Event of Defaultin its sole discretion, notify the Obligors of the security interest of Lenders the Agent in the Collateral and/or direct such Obligors account debtors that all payments in connection with such obligations and the Collateral be made directly to Lenders the Agent in Lenders’ namesthe Agent's name. If Lenders the Agent or any of their its agents shall collect such obligations directly from the Obligors, Lenders the Agent or any of their its agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders the Agent or any of their its agents shall deem appropriate. Grantor The Company directs and authorizes any and all of its present and future Obligors account debtors to comply with requests for information from Lendersthe Agent, Lxxxxxx’ the Agent's designees and agents and/or auditors, relating to any and all business transactions between Grantor the Company and the Obligors. Grantor The Company further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders the Agent or Lenders’ the Agent's agents or designees to pay directly to Lenders the Agent any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantorthe Company, and any such payment shall act as a discharge of any debt of such Obligor to Grantor the Company in the same manner as if such payment had been made directly to Grantorthe Company. Gxxxxxx The Company agrees to take any and all action as Lxxxxxx the Agent may reasonably request to assist Lxxxxxx the Agent in exercising the rights described in this Section.

Special Rights Regarding Receivables. Lenders or any of their agents may, at any time and from time to time in its their sole discretion upon the existence of any Event of Default, verify, directly with each Person (collectively, the “Obligors”) that owes any Receivables to Grantor, the Receivables in any reasonable manner. Lenders or any of their agents may, at any time from time to time after and during the continuance of an Event of Default, notify the Obligors of the security interest of Lenders in the Collateral and/or direct such Obligors that all payments in connection with such obligations and the Collateral be made directly to Lenders in Lenders’ names. If Lenders or any of their agents shall collect such obligations directly from the Obligors, Lenders or any of their agents shall have the right to resolve any disputes relating to returned goods directly with the Obligors in such manner and on such terms as Lenders or any of their agents shall deem appropriate. Grantor directs and authorizes any and all of its present and future Obligors to comply with requests for information from Lenders, Lxxxxxx’ designees and agents and/or auditors, relating to any and all business transactions between Grantor and the Obligors. Grantor further directs and authorizes all of its Obligors upon receiving a notice or request sent by Lenders or Lenders’ agents or designees to pay directly to Lenders any and all sums of money or proceeds now or hereafter owing by the Obligors to Grantor, and any such payment shall act as a discharge of any debt of such Obligor to Grantor in the same manner as if such payment had been made directly to Grantor. Gxxxxxx agrees to take any and all action as Lxxxxxx may reasonably request to assist Lxxxxxx in exercising the rights described in this Section.