Examples of Account Debtor in a sentence
The Collateral Agent may at any time after an Event of Default has occurred and is continuing require the Grantor to notify the Account Debtor or counterparty on any Account constituting Collateral of the security interest of the Collateral Agent therein.
In addition, after the occurrence and during the continuance of an Event of Default, the Collateral Agent may notify, and may require the Grantor to notify the Account Debtor or counterparty to make all payments under the Accounts constituting Collateral directly to the Collateral Agent.
No US-DOCS\148030570.24 Subject Receivable, whether or not included in the Borrowing Base, is an Account with respect to which the Account Debtor is subject to any Sanctions, including a person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC or which is a designated person named on any similar applicable list.
No Subject Receivable, whether or not included in the Borrowing Base, is an account with respect to which the Account Debtor is subject to any Sanctions, including a person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC or which is a designated person named on any similar applicable list.