Common use of BANK'S REMEDIES AFTER DEFAULT Clause in Contracts

BANK'S REMEDIES AFTER DEFAULT. In the event of any default Bank may do any one or more of the following: A. Declare any indebtedness immediately due and payable, without notice or demand. B. Enforce the security interest given hereunder pursuant to the Uniform Commercial Code and any other applicable law. C. Enforce the security interest of Bank in any deposit account of Borrower maintained with Bank by applying such account to the Indebtedness. D. Require Borrower to assemble the Collateral, including the Books and Records, and make them available to Bank at a place designated by Bank. E. Enter upon the property where any Collateral, including any Books and Records are located and take possession of such Collateral and such Books and Records, and use such property (including any buildings and facilities) and any of Borrower's equipment, if Bank deems such use necessary or advisable in order to take possession of, hold, preserve, process, assemble, prepare for sale or lease, market for sale or lease, sell or lease, or otherwise dispose of, any Collateral.

BANK'S REMEDIES AFTER DEFAULT. In the event of any default Bank may do any one or more of the following: A. Declare any indebtedness immediately due and payable, without notice or demand. B. Enforce the security interest given hereunder pursuant to the Uniform Commercial Code Cede and any other applicable law. C. Enforce the security interest of Bank in any deposit account of Borrower maintained with Bank by applying such account to the Indebtedness. D. Require Borrower to assemble the Collateral, including the Books and Records, and make them available to Bank at a place designated by Bank. E. Enter upon the property where any Collateral, including any Books and Records are located and take possession of such Collateral and such Books and Records, and use such property (including any buildings and facilities) and any of Borrower's equipment, if Bank deems such use necessary or advisable in order to take possession of, hold, preserve, process, assemble, prepare for sale or lease, market for sale or lease, sell or lease[ease, or otherwise dispose of, any Collateral.

BANK'S REMEDIES AFTER DEFAULT. In the event of any default Bank may do any one or more of the following: A. Declare any indebtedness Indebtedness immediately due and payable, without notice or demand. B. Enforce the security interest given hereunder pursuant to the Uniform Commercial Code and any other applicable law. C. Enforce the security interest of Bank in any deposit account of Borrower any Debtor maintained with Bank by applying such account to the Indebtedness. D. Require Borrower Debtors to assemble the Collateral, including the Books and Records, and make them available to Bank at a place designated by Bank. . E. Enter upon the property where any Collateral, including any Books and Records Records, are located and take possession of such Collateral and such Books and Records, and use such property (including any buildings and facilities) and any of Borrower's Debtors' equipment, if Bank deems such use necessary or advisable in order to take possession of, hold, preserve, process, assemble, prepare for sale or lease, market for sale or lease, sell or lease, or otherwise dispose of, any Collateral.