Examples of General Intangibles in a sentence
Each Grantor shall use commercially reasonable efforts to obtain any consents, waivers or agreements necessary to enable the Collateral Agent to exercise remedies under this Agreement with respect to any of such Grantor’s rights under any General Intangibles, including such Grantor’s rights as a licensee of software.
At any time after the occurrence and during the continuation of an Event of Default, Agent or Agent’s designee may (a) notify Obligors of Borrower that Borrower’s Obligor Loan Receivables, Accounts, Chattel Paper, or General Intangibles have been assigned to Agent or that Agent has a security interest therein and (b) collect Borrower’s Obligor Loan Receivables, Accounts, Chattel Paper, or General Intangibles directly and charge the collection costs and expenses to the Loan Account.