Common use of Accounts Collection Clause in Contracts

Accounts Collection. At any time from the date 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. 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 28 contracts

Sources: Loan and Security Agreement (Broadvision Inc), Loan and Security Agreement (Bsquare Corp /Wa), Loan and Security Agreement (Advanced Polymer Systems Inc /De/)

Accounts Collection. At any time from during the date 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. 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 16 contracts

Sources: Loan and Security Agreement (Chordiant Software Inc), Loan and Security Agreement (N2h2 Inc), Loan and Security Agreement (Tippingpoint Technologies Inc)

Accounts Collection. At any time from the date 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. 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 5 contracts

Sources: Loan and Security Agreement (Va Linux Systems Inc), Loan and Security Agreement (E Loan Inc), Loan and Security Agreement (Integrated Packaging Assembly Corp)

Accounts Collection. At any time from during the date 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 5 contracts

Sources: Loan and Security Agreement (Hireright Inc), Loan Agreement (Tripath Technology Inc), Loan and Security Agreement (Motive Inc)

Accounts Collection. At any time from the date 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. 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 (Quicklogic Corporation), Loan and Security Agreement (Onsale Inc), Loan and Security Agreement (Somnus Medical Technologies Inc)

Accounts Collection. At any time from the date 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. 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 3 contracts

Sources: Loan and Security Agreement (Invision Technologies Inc), Loan and Security Agreement (Infoseek Corp), Loan and Security Agreement (Invision Technologies Inc)

Accounts Collection. At any time from during the date 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. Borrower shall collect all amounts owing to Borrower for Bank, receive in trust all payments as Bank's Banks 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 (Bridgepoint Education Inc), Loan and Security Agreement (Bridgepoint Education Inc)

Accounts Collection. At any time from the date 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. 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 (Curon Medical Inc), Loan and Security Agreement (Corsair Communications Inc)

Accounts Collection. At any time from during the date 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. 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 2 contracts

Sources: Loan and Security Agreement (Auxilium Pharmaceuticals Inc), Loan and Security Agreement (Patient Infosystems Inc)

Accounts Collection. At any time from on or after the date of this Agreement, Bank may notify any Person owing funds to any Borrower of Bank's security interest in such funds and verify the amount of funds. Upon such Account. notification, each Borrower shall collect all amounts owing to that 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 (Uniphase Corp /Ca/)

Accounts Collection. At any time from the date of this AgreementEffective Date, 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 (Heartport Inc)

Accounts Collection. At any time from during the date term of this Agreement, Bank may notify any Person owing funds to Borrower of Bank's Banks 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 Banks 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 Agreement (Reliant Technologies Inc)

Accounts Collection. At any time from the date 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. Upon 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 as received from the account debtor, with proper endorsements for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (E Piphany Inc)

Accounts Collection. At any time from during the date term of this Agreement, 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. 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 (Viewlocity Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify any Person 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 (Yieldup International Corp)

Accounts Collection. At any time from the date of this Agreement, 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 1 contract

Sources: Loan and Security Agreement (Virata Corp)

Accounts Collection. At any time from the date 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. 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 debtorAccount Debtor, with proper property endorsements for deposit.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Com21 Inc)

Accounts Collection. At any time from during the date 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. 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 1 contract

Sources: Loan Agreement (Nexsan Corp)

Accounts Collection. At any time from during the date term of this Loan 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 (Evolve Software Inc)

Accounts Collection. At any time from the date of this Agreement, Bank may notify 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 (Viant Corp)

Accounts Collection. At any time from the date 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. 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 1 contract

Sources: Loan and Security Agreement (Nvidia Corp/Ca)

Accounts Collection. At any time from the date 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. 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 endorsement for deposit.

Appears in 1 contract

Sources: Loan and Security Agreement (Quintus Corp)