Common use of Accounts Collection Clause in Contracts

Accounts Collection. At any time during the term of 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. At any time after and during the continuance of an Event of Default and upon request of Bank, 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 (Bladelogic Inc)

Accounts Collection. 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. At any time after and during the continuance of an Event of Default and upon request of Bank, 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 (Logicvision Inc)

Accounts Collection. At any time during the term of this Agreement, 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. At any time after Upon the occurrence and during the continuance of an Event of Default and upon request of Bank, that has been declared in writing by Bank 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 (Media Arts Group Inc)

Accounts Collection. At any time during from the term date of this ------------------- Agreement, 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. At any time after and during the continuance of an Event of Default and upon request of Bank, Each Borrower shall collect all amounts owing to such 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 (Ise Labs Inc)

Accounts Collection. 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. At any time after Upon the occurrence and during the continuance of an Event of Default and upon request of BankDefault, 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 (Egain Communications Corp)

Accounts Collection. At any time during the term of 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. At any time after and during the continuance of Following an Event of Default and upon request of Bankduring the continuance thereof, 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 (Wj Communications Inc)

Accounts Collection. At any time during the term of this Agreement, 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. At any time after and during the continuance of an Event of Default and upon request of Bank, 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 (Concur Technologies Inc)

Accounts Collection. At any time rime 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. At any time after and during the continuance of an Event of Default and upon request of Bank, 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 (Placeware Inc)

Accounts Collection. At any time during the term of this Agreement, 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. At any time after and during the continuance of an Event of Default and upon request of Bank, 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 (Seebeyond Technology Corp)