Common use of Collect Collateral Clause in Contracts

Collect Collateral. Take over the exclusive right to collect any Collateral at the sole expense of Borrower. For any acts done, or not done, incident to such collection or liquidation, Lender shall not be liable in any manner other than for damages arising from ▇▇▇▇▇▇’s gross negligence or willful misconduct. Lender shall have the right to settle, compromise, or adjust Collateral and the claims or rights of Borrower. Lender may employ agents and attorneys to collect or liquidate any Collateral.

Collect Collateral. Take over the exclusive right to collect any Collateral at the sole expense of BorrowerBorrower and Guarantors. For any acts done, or not done, incident to such collection or liquidation, Lender shall not be liable in any manner other than for damages arising from ▇▇▇▇▇▇’s gross negligence or willful misconductmanner. Lender shall have the right to settle, compromise, or adjust Collateral and the claims or rights of Borrower. Lender may employ agents and attorneys to collect or liquidate any CollateralCollateral and Lender shall not be liable for such Collateral or defaults of any such agents and attorneys.

Collect Collateral. Take over the exclusive right to collect any Collateral at the sole expense of Borrower. For any acts done, or not done, incident to such collection or liquidation, Lender shall not be liable in any manner other than for damages arising from ▇▇▇▇▇▇’s gross negligence or willful misconduct. Lender shall have the right to settle, compromise, or adjust Collateral and the claims or rights of Borrower. Lender ▇▇▇▇▇▇ may employ agents and attorneys to collect or liquidate any Collateral.