Common use of Collect Revenues, Apply Accounts Clause in Contracts

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 26 contracts

Samples: Commercial Security Agreement (Soluna Holdings, Inc), Commercial Security Agreement (LiveXLive Media, Inc.), Commercial Security Agreement (Dolphin Entertainment, Inc.)

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Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 13 contracts

Samples: Security Agreement (HealthWarehouse.com, Inc.), Commercial Security Agreement (Dougherty's Pharmacy, Inc.), Commercial Security Agreement (Dougherty's Pharmacy, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Xxxxxx's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 9 contracts

Samples: Commercial Security Agreement (Better Choice Co Inc.), Commercial Security Agreement (Arts Way Manufacturing Co Inc), Commercial Security Agreement (Ourpets Co)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 6 contracts

Samples: Business Loan and Security Agreement (Applied UV, Inc.), Business Loan and Security Agreement (Applied UV, Inc.), Business Loan and Security Agreement (Aditxt, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 3 contracts

Samples: Commercial Security Agreement (Charge Enterprises, Inc.), Commercial Security Agreement (Eaco Corp), General Security Agreement (Cpi Aerostructures Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 3 contracts

Samples: Commercial Security Agreement (Speedemissions Inc), Business Loan Agreement (Utek Corp), Commercial Guaranty (Natrol Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderLxxxxx’s discretion transfer any Collateral into LenderLxxxxx’s own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 3 contracts

Samples: Business Loan and Security Agreement (American Rebel Holdings Inc), Business Loan and Security Agreement (American Rebel Holdings Inc), Business Loan and Security Agreement (American Rebel Holdings Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lenxxx'x discretion transfer any Collateral into Lender’s Lenxxx'x own name or that of Lender’s Lenxxx'x nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender mayLenxxx xxy, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may Lenxxx xxy notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (American Consumers Inc), Commercial Security Agreement (American Consumers Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not the Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lxxxxx's discretion transfer any Collateral into Lender’s Lxxxxx's own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (PishPosh, Inc.), Business Loan and Security Agreement (PishPosh, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, collect receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Miscor Group, Ltd.), Commercial Security Agreement (Miscor Group, Ltd.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lenders discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Investors Title Co), Commercial Security Agreement (Rocky Mountain Chocolate Factory Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rentsRents, income, and revenues from the Collateral. Lender may at any time in Lender’s sole discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rentsRents, income, and revenues therefrom therefrom, and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not the Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; , change any address to which mail and payments are to be sent; , and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Security Agreement (Advanced Life Sciences Holdings, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness indebtedness or apply it to payment of the Indebtedness indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Ourpets Co), Commercial Security Agreement (Primal Solutions Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Synergetics Usa Inc), Commercial Security Agreement (Synergetics Usa Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chases in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. , For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Hickok Inc), Commercial Security Agreement (Hickok Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Precipio, Inc.), Business Loan and Security Agreement (Aditxt, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderLxxxxx’s discretion transfer any Collateral into LenderLxxxxx’s own name or that of LenderLxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Lxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Lxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Syra Health Corp), Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, . Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Gta-Ib, LLC), Commercial Security Agreement (Golf Trust of America Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of GrantorGrantors, receive, open and dispose of mail addressed to GrantorGrantors; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Sports Field Holdings, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect Collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses theses in action, or similar property, . Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Broadview Institute Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiverreceiver , may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderLender ’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt forfor , settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining per taining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to LenderLender .

Appears in 1 contract

Samples: Commercial Security Agreement (Shells Seafood Restaurants Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrowers, receive, open and dispose of mail addressed to GrantorBorrowers; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Telanetix,Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it It to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Terry Benjamin Scott)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or and that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of the Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Female Health Co)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Xxxxxx's nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan and Security Agreement (ParcelPal Logistics Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lxxxxx's discretion transfer any Collateral into Lender’s Lxxxxx's own name or that of Lender’s Lxxxxx's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Lxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Lxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (American Consumers Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom there from and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chooses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open open, and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (At&s Holdings Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, rents income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, rents income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chooses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determinemax xetermine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Petmed Express Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, action or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sxx for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Microhelix Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or xx realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Naco Industries Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lenders discretion transfer any Collateral into Lender’s Lenders own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chases in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vapor Hub International Inc.)

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Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, action or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (CarePayment Technologies, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Lender Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Lender Collateral into LenderXxxxxx’s own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Lender Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Lender Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorXxxxxxxx and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Lender Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Lender Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Aditxt, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Xxxxxx's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.,

Appears in 1 contract

Samples: Commercial Security Agreement (Air T Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as se Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Pinnacle Data Systems Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan and Security Agreement (ParcelPal Logistics Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance Insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items Items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Nanophase Technologies Corporation)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. , For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Hickok Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chooses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Niku Corp)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chooses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrowers, receive, open and dispose of mail addressed to GrantorBorrowers; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Security Agreement (Telanetix,Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. , Lender may at any time in In Lender’s discretion transfer any Collateral into Lender’s own name or that of Lenderlender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chases in action, or similar property, Lender may demand, collect, collect receipt for, for settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as so Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Lxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Lxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Labwire Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, action or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Isecuretrac Corp)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s Lenders own name or that of Lender’s Lenders nominee and receive the payments, rents, incomeIncome, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Eaco Corp)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiverreceive, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom there from and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chores in action, or similar property, . Lender may demand, collect, collect receipt for, settle, compromise, adjust, for settle compromise adjust xxx for, foreclose, for foreclose or realize on the Collateral as Lender may determine, determine whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, may on behalf of and in the name of Grantor, receive, receive open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Dynamic Health Products Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Xxxxxx's nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.. This provision may be enforced and secured through any equitable remedies set forth in paragraph K.

Appears in 1 contract

Samples: Business Loan and Security Agreement Supplement (Correlate Energy Corp.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the the.Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Broadwind Energy, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s Lenders discretion transfer any Collateral into LenderXxxxxx’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, accounts general intangibles, insurance Insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is Is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments Instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s 's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. : Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments Instruments and items Items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Paneltech International Holdings, Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s 's discretion transfer any Collateral into Lender’s 's own name or that of Lender’s Lenders nominee and receive the payments, rents, income, income and revenues therefrom and hold the same as security for the Indebtedness Obligations or apply it to payment of the Indebtedness Obligations in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, foreclose or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral any amount included within the Obligations is then due. For these purposes, Lender may, on behalf of and in the name of GrantorBorrower and/or Guarantor, receive, open and dispose of mail addressed to GrantorBorrower; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, shipment or storage of any Collateral. To facilitate collectioncollections, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vapor Hub International Inc.)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender lender may at any time in LenderXxxxxx’s discretion transfer any Collateral into Lenderlender’s own name or that of LenderXxxxxx’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chases in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Labwire Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in Lender’s Xxxxxx's discretion transfer any Collateral into Lender’s Xxxxxx's own name or that of Lender’s Xxxxxx's nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx sue for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender Xxxxxx may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender Xxxxxx may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (LSB Industries Inc)

Collect Revenues, Apply Accounts. Lender, either itself or through a receiver, may collect the payments, rents, income, income and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses chooses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receivereceive open, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; : and endorse notes, checks, drafts, money orders, documents of titlefile, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Ohio Art Co)

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