Common use of Account Collection Clause in Contracts

Account Collection. Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to an unrestricted account of Borrower maintained with Bank, consistent with past practices.

Appears in 2 contracts

Sources: Loan and Security Agreement (Medallia, Inc.), Loan and Security Agreement (Medallia, Inc.)