Actions of Bank Sample Clauses

Actions of Bank. Bank shall follow Instructions received regarding Assets held in the Accounts. However, until it receives Instructions to the contrary, Bank shall:
AutoNDA by SimpleDocs
Actions of Bank. Bank shall be entitled to rely, and shall be fully protected in relying, upon any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by Bank.
Actions of Bank. Debtor agrees that Bank shall be entitled, in its own name (or in the name of Debtor or otherwise) but at the sole expense of Debtor, to collect, demand, receive, sue xxx or compromise any and all of the Receivables, to give good and sufficient releases, to endorse any checks, drafts or other orders for the payment of money payable to Debtor in payment of the Receivables and, in Bank's discretion, to file any claims or take any other action or proceeding which Bank deems advisable. Upon Bank's request, Debtor agrees to establish a United States Post Office Box in the name of Debtor but under the exclusive custody and control of Bank, to direct all obligors on any Receivables or other intangibles to make all payments due and to become due thereon to the United States Post Office Box or to make said payments directly to Bank, to direct the Postmaster of the United States Post Office to forward to Bank all mail addressed to Debtor or to hold all mail addressed to Debtor at the Post Office until an officer or employee of Bank shall request possession of same, to open and dispose of all mail, howsoever received by Bank, addressed to Debtor, and to endorse any item howsoever received by Bank, representing any payment on or other proceeds or products of the Collateral.
Time is Money Join Law Insider Premium to draft better contracts faster.