Common use of Collect Revenues, Apply Accounts Clause in Contracts

Collect Revenues, Apply Accounts. The Secured Party, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. The Secured Party may at any time in its discretion transfer any Collateral into its own name or that of its nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Obligations or apply it to payment of the Obligations in such order of preference as the Secured Party may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, the Secured Party may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as the Secured Party may determine, whether or not such Collateral is then due. For these purposes, the Secured Party 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, the Secured Party may notify account debtors and obligors on any Collateral to make payments directly to the Secured Party.

Collect Revenues, Apply Accounts. The Secured Party, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. The Secured Party may at any time in its Secured Party’s discretion transfer any Collateral into its Secured Party’s own name or that of its Secured Party’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Obligations Indebtedness or apply it to payment of the Obligations Indebtedness in such order of preference as the Secured Party may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, the Secured Party may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as the Secured Party may determine, whether or not such Indebtedness or Collateral is then due. For these purposes, the Secured Party 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, the Secured Party may notify account debtors and obligors on any Collateral to make payments directly to the Secured Party.

Collect Revenues, Apply Accounts. The Secured Party, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. The Secured Party may at any time in its discretion transfer any Collateral into its own name or that of its nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Obligations Note or apply it to payment of the Obligations indebtedness in such order of preference as the Secured Party Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses choices in action, or similar property, the property Secured Party may demand, collect, receipt for, settle, compromise, adjust, xxx forsue xxx, forecloseforeclosure, or realize on the Collateral as the Secured Party may determine, whether or not such indebtedness or Collateral is then due. For these purposes, the Secured Party may, on behalf of and in the name of GrantorDebtor, receive, open and dispose of mail addressed to Grantor; Debtor, 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, the Secured Party may notify account debtors and obligors obligers on any Collateral to make payments directly to the Secured Party.