Common use of Accounts Collection Clause in Contracts

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 140 contracts

Sources: Loan and Security Agreement (Maze Therapeutics, Inc.), Loan and Security Agreement (Siebert Financial Corp), Loan and Security Agreement (Maze Therapeutics, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 108 contracts

Sources: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Corillian Corp), Loan and Security Agreement (Witness Systems Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 48 contracts

Sources: Annual Report, Annual Report, Loan and Security Agreement (Silknet Software Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 38 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Ramtron International Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 26 contracts

Sources: Loan and Security Agreement (Zedge, Inc.), Loan and Security Agreement (iSpecimen Inc.), Loan and Security Agreement (908 Devices Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 22 contracts

Sources: Loan and Security Agreement (Audioeye Inc), Loan and Security Agreement, Loan Agreement (Rocket Fuel Inc.)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 12 contracts

Sources: Loan and Security Agreement (Backblaze, Inc.), Loan Agreement (Spectrum Global Solutions, Inc.), Loan and Security Agreement (Quicklogic Corporation)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 10 contracts

Sources: Loan and Security Agreement (Cas Medical Systems Inc), Loan and Security Agreement (Citadel Security Software Inc), Loan and Security Agreement (Nuvasive Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 9 contracts

Sources: Loan and Security Agreement (Arthrocare Corp), Loan and Security Agreement (Uol Publishing Inc), Loan and Security Agreement (Avistar Communications Corp)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 7 contracts

Sources: Loan and Security Agreement (Silvaco Group, Inc.), Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX LTD)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. , and Borrower shall must collect all amounts owing to Borrower payments received from such Persons in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 6 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Impinj Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.; and

Appears in 6 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Hubspot Inc), Loan and Security Agreement (Hubspot Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of ------------------- an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 6 contracts

Sources: Export Import Bank Loan and Security Agreement, Loan and Security Agreement (Copper Mountain Networks Inc), Loan and Security Agreement (LTX Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE), Loan and Security Agreement (SendGrid, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (Villageedocs Inc)

Accounts Collection. At any time after Effective only upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement (Northern Star Acquisition Corp.), Loan and Security Agreement (Winc, Inc.), Loan and Security Agreement (Winc, Inc.)

Accounts Collection. At any time after In the occurrence and during the continuation of event that an Event of DefaultDefault occurs and is continuing, Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify and/or collect the amount of such the Account. After the occurrence of an Event of Default, any amounts received by Borrower shall collect all amounts owing to be held in trust by Borrower for Bank, receive in trust all payments as and, if requested by Bank’s trustee, and Borrower shall immediately deliver such payments receipts to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement (Genzyme Transgenics Corp), Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Sonus Networks Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 5 contracts

Sources: Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Compass Therapeutics, Inc.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Sources: Loan and Security Agreement (Trubion Pharmaceuticals, Inc), Loan and Security Agreement (Source Energy Corp /Ut/), Loan and Security Agreement (Smartbargains, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance ------------------- of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Sources: Loan and Security Agreement (Audible Inc), Loan and Security Agreement (Natural Microsystems Corp), Loan and Security Agreement (Astea International Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect for Bank all amounts owing to Borrower for BankBorrowers, receive in trust all such payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Uni-Pixel), Loan and Security Agreement (Uni-Pixel)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to any Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 4 contracts

Sources: Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (Warby Parker Inc.), Loan and Security Agreement (Upland Software, Inc.)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------ continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)

Accounts Collection. At any time after the occurrence of an Event of Default and during the continuation of an Event of Defaultthereof, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Allena Pharmaceuticals, Inc.), Loan and Security Agreement (Unum Therapeutics, Inc.), Loan and Security Agreement (Unum Therapeutics, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

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

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and and, whether or not an Event of Default has occurred, verify the amount of such AccountBorrower’s Accounts. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

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

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account and direct that any payments with respect thereto be deposited directly into the Collections Account. , if and to the extent not already so deposited pursuant to the instructions provided by the Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, accordance with proper endorsements for deposit.Section

Appears in 3 contracts

Sources: Loan, Guaranty and Security Agreement (Cinedigm Corp.), Loan, Guaranty and Security Agreement (Cinedigm Corp.), Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank ------------------- may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan Agreement (Aml Communications Inc), Loan Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately promptly deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan Agreement (Evolving Systems Inc), Loan and Security Agreement (Evolving Systems Inc), Loan Agreement (Evolving Systems Inc)

Accounts Collection. At any time after during the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

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

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all such amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Jl Halsey Corp), Loan and Security Agreement (Lyris, Inc.), Loan and Security Agreement (Lyris, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Latch, Inc.), Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (Identiv, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to any Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Obalon Therapeutics Inc), Loan and Security Agreement (Everyday Health, Inc.)

Accounts Collection. At any time after After the occurrence and during the continuation of an Event of DefaultDefault that continues, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for BankBorrower, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 3 contracts

Sources: Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, trustee and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Aurion Biotech, Inc.), Loan and Security Agreement (Aurion Biotech, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Realnetworks Inc), Loan and Security Agreement (Pac-West Telecomm Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------- continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Manhattan Associates Inc), Loan and Security Agreement (Matrixone Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Arcturus Therapeutics Ltd.), Loan and Security Agreement (Rainmaker Systems Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds WEST\291919990.7 and verify the amount of such Account. At any time after the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of DefaultDefault unless cured to the satisfaction of (or waived by) Bank, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Cytosorbents Corp)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. During the existence of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and only for so long as it continues, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Tivo Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of DefaultDefault that is continuing, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence of an Event of Default that is continuing, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Inari Medical, Inc.), Loan and Security Agreement (Inari Medical, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of when an Event of DefaultDefault has occurred and is continuing, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Connetics Corp), Loan and Security Agreement (Calypte Biomedical Corp)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, ------------------- Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Phase2media Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers, or any one of them, of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

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

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, (i) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Account and (ii) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (BioNano Genomics, Inc)

Accounts Collection. At any time after the occurrence and during the continuation of If an Event of DefaultDefault has occurred and is continuing, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Pharmchem Inc), Loan and Security Agreement (Pharmchem Laboratories Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect for Bank all amounts owing to Borrower for BankBorrowers, receive in trust all such payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.), Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately promptly (within one (1) Business Day) deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

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

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Account Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Maker Communications Inc), Loan and Security Agreement (Maker Communications Inc)

Accounts Collection. At any time after Effective only upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Scientific Learning Corp), Loan Agreement (Scientific Learning Corp)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Everside Health Group, Inc.), Loan and Security Agreement (Icad Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation ------------------- continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Interwoven Inc), Loan and Security Agreement (Pointshare Corp)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues and notice thereof has been given by Bank to the Company if required under this Agreement, Bank may notify any Person owing funds to any Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Each Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for depositdeposits.

Appears in 2 contracts

Sources: Loan and Security Agreement (General Magic Inc), Loan and Security Agreement (General Magic Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 2 contracts

Sources: Loan and Security Agreement (Versata Inc), Loan and Security Agreement (Focus Enhancements Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of ---- -------------------- an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Seachange International Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of DefaultDefault under this Agreement, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Sonic Solutions/Ca/)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Account and Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Hybrid Networks Inc)

Accounts Collection. At any time after the occurrence After and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Medicines Co/ Ma)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. , and Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Wavephore Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee's trustee and if requested or required by Bank, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Safeguard Health Enterprises Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and and, upon Bank’s request, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds fonds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

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

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Limeade, Inc)

Accounts Collection. At any time after After the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. In such event, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Biomarin Pharmaceutical Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Nuko Information Systems Inc /Ca/)

Accounts Collection. At any time after during the occurrence and during the continuation of an Event of ------------------- Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Revolving Loan and Security Agreement (Iprint Technologies Inc)

Accounts Collection. At any time after In the occurrence and during the continuation of event that an Event of DefaultDefault occurs and is continuing, Bank may notify any Person owing funds to any Borrower money of Bank’s 's security interest in such the funds and verify or collect the amount of such the Account. Borrower Borrowers shall collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Visual Networks Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to any Borrower money of Bank’s security interest in such the funds and verify the amount of such the Account. Each Borrower shall must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Immunicon Corp)

Accounts Collection. At any time after In the occurrence and during the continuation of event that an Event of DefaultDefault occurs and is continuing, Bank may notify any Person owing funds to Borrower money of Bank’s security interest in such the funds and verify and/or collect the amount of such the Account. After the occurrence of an Event of Default, any amounts received by Borrower shall collect all amounts owing to be held in trust by Borrower for Bank, receive in trust all payments as and, if requested by Bank’s trustee, and Borrower shall immediately deliver such payments receipts to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Art Technology Group Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower or any Borrower Subsidiary money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall and each Borrower Subsidiary must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Silicon Storage Technology Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower or any Subsidiary of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower or nay Subsidiary for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Hie Inc)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds that is indebted to Borrower on any Account or other obligation of Bank’s 's security interest in such funds and obligation, verify the amount amount, and take action to collect it. Borrower will collect all proceeds of such Account. Borrower shall collect all amounts owing to Borrower obligations in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments the proceeds to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Crossworlds Software Inc)

Accounts Collection. At any time after After the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Aspect Medical Systems Inc)

Accounts Collection. At In addition to the foregoing, at any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Quicklogic Corporation)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Default Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Zonare Medical Systems Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Upon the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Crystal Decisions Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and and, if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Symbollon Corp)

Accounts Collection. At any time after the occurrence and during the continuation existence of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Soundbite Communications Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Vitalstream Holdings Inc)

Accounts Collection. At any time after the occurrence Upon and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. After the occurrence and during the continuance of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and upon request of Bank immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Ultra Clean Holdings Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. At any time after the occurrence and during the continuation of an Event of Default, Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form fonn as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Olo Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower money of Bank’s 's security interest in such the funds and verify the amount of such the Account. Borrower shall must collect all amounts owing payments, other than with respect to Borrower the Donations, in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments the payments, other than with respect to the Donations, to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Kintera Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, : (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest interests and Liens in such funds and verify the amount of such Account. ; and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (NightHawk Radiology Holdings Inc)

Accounts Collection. At any time after Upon the occurrence of and during the continuation continuance of an any Event of Default, Bank may notify any Person owing funds to Borrower Borrowers of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Inphonic Inc)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, (a) Bank may notify any Person owing funds to Borrower of Bank’s security interest in such funds and verify the amount of such Account. , and (b) Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

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

Accounts Collection. At any time after the occurrence and during the continuation of When an Event of DefaultDefault occurs and continues, Bank may notify any Person owing funds to Borrower or any Borrower Subsidiary money of Bank’s security interest in such the funds and verify the amount of such the Account. Borrower shall and each Borrower Subsidiary must collect all amounts owing to Borrower payments in trust for Bank and, if requested by Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such the payments to Bank in their original the form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Silicon Storage Technology Inc)

Accounts Collection. At any time after the occurrence and during the continuation continuance of an Event of Default, Bank may notify any Person owing funds to a Borrower of Bank’s security interest in such funds and verify the amount of such Account. Borrower Borrowers shall collect all amounts owing to Borrower Borrowers for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (LDR Holding Corp)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance ------------------- of an Event of Default, Bank may notify any Person account debtor owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and if requested or required by Bank, immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Open Market Inc)

Accounts Collection. At any time after Upon the occurrence and during the continuation continuance of an Event of Default, at any time during the term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank’s 's security interest in such funds and verify the amount of such Account. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank’s 's trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Silicon Image Inc)