Collect Collateral. Upon the occurrence and during the continuation of an Event of Default, to ask, demand, collect, sue xxx, 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. 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 Xxxxxx’s gross negligence or willful misconduct. Lender shall have the right to settle, compromise, or adjust Collateral and the claims or rights of Borrower. Xxxxxx may employ agents and attorneys to collect or liquidate any Collateral.
