Account Debtor Notice definition

Account Debtor Notice means a notice to an Account Debtor substantially in the form of EXHIBIT A, it being understood that Account Debtor Notices shall be sent only to Account Debtors described in clause (p) of the definition of "Eligible Account".

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Account Debtor Notice means a notice to an Account Debtor (other than a Government Account Debtor or a Self-Pay Account Debtor) substantially in the form of Exhibit B.

Account Debtor Notice means a notice substantially in the form of Exhibit B from Seller to an Account Debtor.

Examples of Account Debtor Notice in a sentence

• In such event, ▇▇▇▇▇ may, upon prior written notice to Parent, provide each Account Debtor with the Account Debtor Notice of such Seller and further notify each Account Debtor of the sale of the Purchased Receivables and request that such Account Debtors (1) acknowledge receipt of such notification in writing; and (2) make payments to an account designated by ▇▇▇▇▇.

• If Client receives any payments of any Purchased Accounts despite delivery of such Account Debtor Notice Letters, Client shall (i) immediately notify SHF of such payment, (ii) hold such payment in trust and safekeeping for SHF, and (iii) immediately turn over to SHF the identical checks, monies or other forms of payment received, with any necessary endorsement or assignment.

• The form and content of the Account Debtor Notice shall be as set out in Schedule 5 (Form of Account Debtor Notice).

• Upon the occurrence of a Termination Event, Wells ma▇, ▇▇ter providing notice to the Seller, deliver, or cause the Servicer to deliver, an Account Debtor Notice to each Account Debtor.

More Definitions of Account Debtor Notice

Account Debtor Notice means a notice to an Account Debtor substantially in the form of EXHIBIT J hereto. "ACQUISITION" means any transaction pursuant to which the Borrowers or any of their Subsidiaries: (a) acquires equity securities (or warrants, options or other rights to acquire such securities) of any corporation (other than the Borrowers or any corporation which is then a Wholly-Owned Subsidiary of any Borrower), pursuant to a solicitation of tenders therefor, or in one or more negotiated block, market or other transactions not involving a tender offer, or a combination of any of the foregoing; (b) makes any corporation a Subsidiary of any Borrower, or causes any such corporation to be merged into any Borrower or any Subsidiary, in any case pursuant to a merger, purchase of assets or any reorganization providing for the delivery or issuance to the holders of such corporation's then outstanding securities, in exchange for such securities, of cash or securities of any Borrower or any Subsidiary, or a combination thereof; or (c) purchases all or substantially all of the business or assets of any corporation. "ADJUSTED BASE RATE" means, for any day, an interest rate per annum (rounded upwards, if necessary), to the next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day, and (b) the Federal Funds Rate in effect on such day PLUS 1/2 of 1%. Any change in the Adjusted Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Rate, respectively.

Account Debtor Notice means a notice substantially in the form of Exhibit B from Seller to an Account Debtor. “Activation Notice” has the meaning set forth in Section 6.2(b).

Account Debtor Notice the meaning given to it in Clause 8.3 (Account Debtor Notices);