Common use of Collect Collateral Clause in Contracts

Collect Collateral. Upon the occurrence and during the continuation of an Event of Default, to ask, demand, collect, sue ▇▇▇, recover, compromise, receive, indorse and give acquittance, discharge and receipts for moneys or other instruments, documents and chattel paper due and to become due under or in respect of all or any part of the Pledged Collateral (whether as interest, dividend, other distribution or otherwise) and to direct any party liable for any payment under any of the Pledged Collateral to make such payment directly to the Collateral Agent or as the Agent shall direct.

Collect Collateral. Upon the occurrence and during the continuation of an Event of Default, to ask, demand, collect, sue ▇▇▇▇ for, recover, compromise, receive, indorse and give acquittance, discharge and receipts for moneys or other instruments, documents and chattel paper due and to become due under or in respect of all or any part of the Pledged Collateral (whether as interest, dividend, other distribution or otherwise) and to direct any party liable for any payment under any of the Pledged Collateral to make such payment directly to Agent, for the Collateral Agent benefit of Lender and Agent, or as the Agent shall direct.

Collect Collateral. Upon the occurrence and during the continuation of an Event of Default, to ask, demand, collect, sue ▇▇▇, recover, compromise, receive, indorse and give acquittance, discharge and receipts for moneys or other instruments, documents and chattel paper due and to become due under or in respect of all or any part of the Pledged Collateral (whether as interest, dividend, other distribution or otherwise) and to direct any party liable for any payment under any of the Pledged Collateral to make such payment directly to the Collateral Agent or as the Agent shall direct.