Common use of Verification and Notification Clause in Contracts

Verification and Notification. The Administrative Agent shall have the right at any time and from time to time, (a) in the name of the Administrative Agent, the Lenders or in the name of a Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise, (b) to review, audit and make extracts from all records and files related to any of the Accounts, and (c) if a Default or Event of Default has occurred and is continuing, to notify the Account Debtors or obligors under any Accounts of the assignment of such Accounts to the Administrative Agent, for the benefit of the Lenders, and to direct such Account Debtor or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the Borrowers, to enforce collection of any such Accounts and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.

Verification and Notification. The Administrative Agent shall have the right at any time and from time to time, (a) in the name of the Administrative Agent, the Lenders or in the name of a the Borrower, to verify the validity, amount or any other matter relating to any Accounts Receivables by mail, telephone, telegraph or otherwise, (b) during normal business hours, to review, audit examine and make extracts from all records and files related to any of the AccountsReceivables, and (c) if a Default or an Event of Default has occurred and is continuingoccurred, to notify the Account Debtors or obligors under any Accounts Receivables of the assignment of such Accounts Receivables to the Administrative Agent, for the benefit of the Lenders, and to direct such Account Debtor or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the BorrowersBorrower, to enforce collection of any such Accounts Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.

Verification and Notification. The Administrative Agent shall have the right at any time and from time to time, (a) in the name of the Administrative Agent, the Lenders or in the name of a the Borrower, to verify the validity, amount or any other matter relating to any Accounts Receivables by mail, telephone, telegraph or otherwise, (b) to review, audit and make extracts from all records and files related to any of the AccountsReceivables, and (c) if a Default or any Event of Default has occurred and is continuing, to notify the Account Debtors or obligors under any Accounts Receivables of the assignment of such Accounts Receivables to the Administrative Agent, for the benefit of the Lenders, and to direct such Account Debtor or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the BorrowersBorrower, to enforce collection of any such Accounts Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.

Verification and Notification. The Administrative Agent shall have the right at any time and from time to time, (a) in the name of the Administrative Agent, the Lenders or in the name of a Borrower, to verify the validity, amount or any other matter relating to any Accounts Receivables by mail, telephone, telegraph or otherwise, (b) to review, audit and make extracts from all records and files related to any of the AccountsReceivables, and (c) if a Default or an Event of Default has occurred and is continuing, to notify the Account Debtors or obligors under any Accounts Receivables of the assignment of such Accounts Receivables to the Administrative Agent, for the benefit of the Lenders, and to direct such Account Debtor Debtors or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the Borrowers, to enforce collection of any such Accounts Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.

Verification and Notification. The Administrative Agent shall have the right (a) at any time and from time to time, , (ai) in the name of the Administrative Agent, the Lenders or in the name of a the Borrower, to verify the validity, amount or any other matter relating to any Accounts Receivables by mail, telephone, telegraph or otherwise, , and (bii) to review, audit and make extracts from all records and files related to any of the Accounts, and Receivables; and (cb) if a Default or an Event of Default has occurred and is continuingexists, to notify the Account Debtors or obligors under any Accounts Receivables of the assignment of such Accounts Receivables to the Administrative Agent, for the benefit of the LendersSecured Creditors, and to direct such Account Debtor or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the BorrowersBorrower, to enforce collection of any such Accounts Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.

Verification and Notification. The Administrative Agent shall have the right at any time and from time to time, (a) in the name of the Administrative Agent, the Lenders or in the name of a Borrower, to verify the validity, amount or any other matter relating to any Accounts Receivables by mail, telephone, telegraph or otherwise, (b) to review, audit and make extracts from all records and files related to any of the AccountsReceivables, and (c) if a Default or Event of Default has occurred and is continuing, to notify the Account Debtors or obligors under any Accounts Receivables of the assignment of such Accounts Receivables to the Administrative Agent, for the benefit of the Lenders, and to direct such Account Debtor or obligors to make payment of all amounts due or to become due thereunder directly to the Administrative Agent, for the account of the Lenders, and, upon such notification and at the expense of the Borrowers, to enforce collection of any such Accounts Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as the applicable Borrower might have done.