COLLECTION AND ADMINISTRATION. 42 5.1 Borrower's Loan Accounts ............................................................. 42 5.2 Statements ........................................................................... 42 5.3
COLLECTION AND ADMINISTRATION. 6.1 Borrower's Loan Account. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.
COLLECTION AND ADMINISTRATION. 6.1 Borrowers' Loan Accounts. Agent shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of any Borrower or Guarantor and (c) all other appropriate debits and credits as provided in this Agreement, including fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Agent's customary practices as in effect from time to time.
COLLECTION AND ADMINISTRATION. 16 6.1 Borrower's Loan Account.. . . . . . . . . . . . . . . . . . .16 6.2 Statements. . . . . . . . . . . . . . . . . . . . . . . . . .16 6.3
COLLECTION AND ADMINISTRATION. 5.1. Until our authority to do so is curtailed or terminated at any time by you, we shall, at our expense and on your behalf, collect, as your property and in trust for you, all remittances and all amounts unpaid on Accounts, and we shall not commingle such collections with our own funds. We shall on the day received remit all such collections to you in the form received duly endorsed by us for deposit with you, unless you shall direct us otherwise. All amounts collected on Accounts when received by you shall be credited to our loan account, after adding three (3) business days for collection, clearance and transfer of remittances, except for federal funds wire transfers, as to which two (2) business days shall be added, conditional upon final payment to you.
5.2. You or your representatives shall at all times have free access to and right of inspection of the Collateral and have full access to and the right to examine and make copies of our Records, to confirm and verify all Accounts, to perform general audits and to do whatever else you deem necessary to protect your interests. You may at any time remove from our premises or require us or any accountants and auditors employed by us to deliver any Records and you may, without cost or expense to you, use such of our personnel, supplies, computer equipment and space at our places of business as may be reasonably necessary for the handling of collections.
5.3. We shall immediately upon obtaining knowledge thereof report to you all reclaimed, repossessed or returned goods, Account Debtor claims and any other matter affecting the value, enforceability or collectibility of Accounts. At your request, any goods reclaimed or repossessed by or returned to us will be set aside, marked with your name and held by us for your account and subject to your security interest. All claims and disputes relating to Accounts are to be promptly adjusted within a reasonable time, at our own cost and expense. You may, at your option, settle, adjust or compromise claims and disputes relating to Accounts which are not adjusted by us within a reasonable time.
COLLECTION AND ADMINISTRATION. 6.1 Borrowers’ Loan Accounts 6.2 Statements 6.3 Collection of Accounts.
COLLECTION AND ADMINISTRATION. 6.1 Borrower's Loan Account. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans under the Revolving Loan Facility, all Letter of Credit Accommodations under the Letter of Credit Facility and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.
COLLECTION AND ADMINISTRATION. 6.1 Borrower’s Loan Account
COLLECTION AND ADMINISTRATION. 5.1 US Borrowers’ Loan Account
COLLECTION AND ADMINISTRATION. 2.1 Grantor is authorized to collect the accounts and any other proceeds of Collateral, on behalf of and in trust for Secured Party, at Grantor's expense, but such authority shall automatically terminate upon an Event of Default. Secured Party may modify or terminate such authority at any time after the occurrence of an Event of Default and directly collect the accounts and other monetary obligations included in the Collateral. After the occurrence of an Event of Default, Grantor shall, at Grantor's expense and in the manner requested by Secured Party from time to time, direct that remittances and all other proceeds of accounts and other Collateral shall be (a) sent to a post office box designated by and/or in the name of Secured Party or in the name of Grantor, but as to which access
2.2 All Obligations shall be payable at Secured Party's office set forth below or at Secured Party's bank as Secured Party may expressly designate from time to time for purposes of this Section. Secured Party shall apply all proceeds of accounts or other Collateral received by Secured Party and all other payments in respect of the Obligations to the Notes whether or not then due or to any other Obligations then due, in whatever order or manner Secured Party shall determine. Secured Party shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.
2.3 Secured Party may, at any time, during the existence of an Event of Default, without notice to or assent of Grantor, (a) notify any account debtor that the accounts and other Collateral which includes a monetary obligation have been assigned to Secured Party by Grantor and that payment thereof is to be made to the order of and directly to Secured Party, (b) send, or cause to be sent by its designee, requests (which may identify the sender by a pseudonym) for verification of accounts and other Collateral directly to any account debtor or any other obligor or any bailee with respect thereto, and (c) demand, collect or enforce payment of any accounts or such other Collateral, but without any duty to do so, and Secured Party shall not be liable for any failure to collect or enforce payment thereof. At Secured Party's request during the existence of an Event of Default, all invoices and statements sent to any account debtor, other obligor or bailee, shall state that the accounts and such other Collateral have been assigned to Secured Party and...
