Common use of Collection Efforts Clause in Contracts

Collection Efforts. The Servicer will use its commercially reasonable efforts and judgment to collect, or cause to be collected, all payments called for under the terms and provisions of the Loan Agreements with respect to the Loans included in the Collateral Portfolio as and when the same become due, all in accordance with the Servicing Standard. After the declaration of the Termination Date, the Servicer shall take such action as the Facility Agent may deem necessary or advisable to enforce collection of the Collateral Portfolio and directs the Servicer.