Common use of Verifications; Confirmations; Credit Quality; Notifications Clause in Contracts

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time, (i) verify and confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose, and notify any Account Debtor of Bank’s security interest in such Account and/or (ii) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit. 2.11 Section 6.3 (Accounts Receivable). Section 6.3 is hereby amended by inserting the following appearing as subsection (g) thereto:

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time, (i) verify and confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose, and notify any Account Debtor of Bank’s security interest in such Account and/or (ii) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit. Except during the existence of an Event of Default, Bank shall consult with Borrower prior to making any direct contact with an Account Debtor.” 2.11 2.9 Section 6.3 (Accounts Receivable). Section 6.3 is hereby amended by inserting the following appearing as subsection (g) thereto:

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time, (i) verify and confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose, and notify any Account Debtor of Bank’s security interest in such Account and/or (ii) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit.” 2.11 2.8 Section 6.3 6.4(g) (Accounts Receivable). Section 6.3 is hereby amended by inserting the The following appearing as new subsection (g) theretois hereby inserted in Section 6.4 immediately following subsection (h) thereof:

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time, (i) after consultation with the Borrower, verify and confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose, and notify any Account Debtor of Bank’s security interest in such Account and/or (iiAccount.” 2.7 Section 6.3(g) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit. 2.11 Section 6.3 (Accounts Receivable). Section 6.3 is hereby amended by inserting the following appearing as new subsection (g) theretoimmediately following subsection (f) thereof:

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time, (i) verify and confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose, and notify any Account Debtor of Bank’s security interest in such Account and/or (ii) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit. 2.11 (c) Section 6.3 (Accounts Receivable). Section 6.3 of the Loan Agreement is hereby amended by inserting the following appearing as subsection (g) thereto: