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

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time following the occurrence and during the continuance of an Event of Default, (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.

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time following Following the occurrence and during the continuance of an Event of Default, 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.

Verifications; Confirmations; Credit Quality; Notifications. Bank may, from time to time following the occurrence and during the continuance of an Event of Defaulttime, (i) if an Event of Default has occurred and is continuing, 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.

Verifications; Confirmations; Credit Quality; Notifications. Bank may, upon the occurrence of an Event of Default that continues, from time to time following the occurrence and during the continuance of an Event of Defaulttime, (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.