Actions with Respect to Accounts Sample Clauses
Actions with Respect to Accounts. The Grantor irrevocably makes, constitutes and appoints the Collateral Agent its true and lawful attorney-in-fact with power to sign its name and to take any of the following actions after the occurrence and prior to the cure of an Event of Default, at any time without notice to either Grantor and at the Grantor’s reasonable expense:
(a) Verify the validity and amount of, or any other matter relating to, the Collateral by mail, telephone, telegraph or otherwise;
(b) Notify all account debtors that the Accounts have been assigned to the Holders and that the Holders have a security interest in the Accounts;
(c) Direct all account debtors to make payment of all Accounts directly to the Holders;
(d) Take control in any reasonable manner of any cash or non-cash items of payment or proceeds of Accounts;
(e) Receive, open and respond to all mail addressed to the Grantor;
(f) Take control in any manner of any rejected, returned, stopped in transit or repossessed goods relating to Accounts;
(g) Enforce payment of and collect any Accounts, by legal proceedings or otherwise, and for such purpose the Holders may:
(1) Demand payment of any Accounts or direct any account debtors to make payment of Accounts directly to the Holders;
(2) Receive and collect all monies due or to become due to the Grantor pursuant to the Accounts;
(3) Exercise all of the Grantor’s rights and remedies with respect to the collection of Accounts;
(4) Settle, adjust, compromise, extend, renew, discharge or release Accounts in a commercially reasonable manner;
(5) Sell or assign Accounts on such reasonable terms, for such reasonable amounts and at such reasonable times as the Holders reasonably deem advisable;
(6) Prepare, file and sign the Grantor’s name or names on any Proof of Claim or similar documents in any proceeding filed under federal or state bankruptcy, insolvency, reorganization or other similar law as to any account debtor;
(7) Prepare, file and sign the Grantor’s name or names on any notice of lien, claim of mechanic’s lien, assignment or satisfaction of lien or mechanic’s lien or similar document in connection with the Collateral;
(8) Endorse the name of the Grantor upon any chattel papers, documents, instruments, invoices, freight bills, bills of lading or similar documents or agreements relating to Accounts or goods pertaining to Accounts or upon any checks or other media of payment or evidence of a security interest that may come into the Holders’ possession;
(9) Sign the name o...
Actions with Respect to Accounts. Borrower irrevocably makes, constitutes and appoints Lender (and any of Lender’s designated officers, employees or agents) as its true and lawful attorney-in-fact with power to sign its name and to take any of the following actions, in its name or in the name of Lender, as Lender may determine, at any time after the occurrence of an Event of Default and for so long as such Event of Default continues (except as expressly limited in this Article 5) without notice to Borrower and at Borrower’s expense:
(a) Verify the validity and amount of, or any other matter relating to, the Collateral by mail, telephone, telegraph or otherwise;
(b) Notify all account debtors that the Accounts have been assigned to Lender and that Lender has a security interest in the Accounts;
(c) Direct all account debtors to make payment of all Accounts;
(d) Take control in any manner of any cash or non-cash items of payment or proceeds of Accounts;
(e) In any case and for any reason, notify the United States Postal Service to change the address for delivery of mail addressed to Borrower to such address as Lender may designate;
(f) In any case and for any reason, receive, open and dispose of all mail addressed to Borrower;
(g) Take control in any manner of any rejected, returned, stopped-in-transit or repossessed goods relating to Accounts;
(h) Enforce payment of and collect any Accounts by legal proceedings or otherwise, and for such purpose Lender may:
(i) Demand payment of any Accounts or direct any account debtors to make payment of Accounts directly to Lender;
(ii) Receive and collect all monies due or to become due to Borrower;
Actions with Respect to Accounts. The Borrower hereby authorizes the Lender to take all actions that the Lender reasonably deems to be necessary or desirable to protect the Borrower’s interest in the Accounts after the occurrence of an Event of Default (including applicable cure periods) at any time without notice to the Borrower and at the Borrower’s expense.
Actions with Respect to Accounts. Obligor hereby irrevocably makes, constitutes and appoints Bank (and any of Bank's designated officers, employees or agents) as Obligor's true and lawful attorney-in-fact, with full power of substitution, with power to sign Obligor's name and to take any of the following actions, in Obligor's name or the name of Bank, as Bank may determine in its reasonable discretion, without notice to Obligor and at Obligor's expense:
Actions with Respect to Accounts. Each Obligor hereby irrevocably makes, constitutes and appoints Bank (and any of Bank's designated officers, employees or agents) as its true and lawful attorney-in-fact, with full power of substitution, with power to sign its name and to take any of the following actions, in its name or the name of Bank, as Bank may determine, without notice to any Obligor and at Obligors' expense:
(a) Verify the validity and amount of or any other matter relating to the Collateral by mail, telephone, telecopy or otherwise;