Collection Action Sample Clauses

Collection Action. If Lottery initiates collection action on behalf of the State to collect any money due by Retailer under this Contract, Retailer agrees to reimburse the Lottery Fund through payment to Lottery of all Lottery court costs, statutory interest, attorney fees, collection agency fees, and any other disbursements incurred in the collection process.
AutoNDA by SimpleDocs
Collection Action. The term "COLLECTION ACTION" means to (i) exercise or enforce any rights or remedies or assert any claims against the Bank Collateral or Subordinated Lenders' Collateral; (ii) make any claim or commence or initiate any action, lawsuit, case or proceeding against any of the Obligors or join together or with any creditor other than, with its consent, the Bank in any action, lawsuit, case or proceeding against the Obligors (including, but not being limited to, proceedings under the Bankruptcy Code); (iii) contact any account of any of the Obligors or attach or take possession of any Bank Collateral or Subordinated Lenders' Collateral or exercise any right of foreclosure or any right or remedy with respect to any of the Obligors or the Bank Collateral or Subordinated Lenders' Collateral; or (iv) take any other action prejudicial to or inconsistent with the Bank's rights and first priority secured position with respect to the Obligors or the Bank Collateral, including, without limitation, that any action that will impede, interfere with, restrict, or restrain the exercise by the Bank of its rights and remedies under the Loan Documents or contest in any manner the perfection, priority or validity of any lien held by the Bank in any of the Bank Collateral.
Collection Action. The Lender may bring an appropriate action to recover the amounts due in respect of the Obligations. Doing so shall not prevent the Lender from subsequently bringing an action to realize or foreclose upon the Collateral for any Default Event existing at the time the collection action was instituted, or for any subsequent Default Event.
Collection Action. Institute a collection action directly against any Obligor, either without acceleration for the balance of any Obligations then past due or, following acceleration, for all Obligations; or 
Collection Action. In the event that AMSTAT sends a matter to an agency or attorney for collection or brings an action against Client and secures an injunction or recovers damages or other legal or equitable relief from Client, Client shall pay to AMSTAT all collection and attorney fees, together with interest on the amount recovered by AMSTAT, if any, at the rate of 18% per annum (or the highest rate permitted by law if less than 18% per annum) from the date at which such amounts became due to AMSTAT through the date of final judgment against Client.
Collection Action. The Trustees of the Welfare Fund may take any action necessary and appropriate to enforce payment of the contributions, fees and expenses, costs and liquidated damages due from an Employer, including, but not limited to, proceedings at law and equity.
Collection Action. The Trustees of the Pension Plan may take any action necessary and appropriate to enforce payment of the contributions, fees and expenses, costs and liquidated damages due from an Employer, including, but not limited to, proceedings at law and equity.
AutoNDA by SimpleDocs
Collection Action. The term "COLLECTION ACTION" shall mean any of the following actions by SUBORDINATING PARTY: (i) ask, demand, xxx for, take or receive from or on behalf of any of Amphastar, by set-off or in any other manner, the whole or any part of any monies which may now or hereafter be owing by Amphastar to SUBORDINATING PARTY on the whole or any part of the SUBORDINATED OBLIGATIONS, (ii) initiate or participate with others in any suit, action or proceeding against Amphastar to enforce payment of or to collect the whole or any part of the SUBORDINATED OBLIGATIONS, (iii) ask, demand, take or receive any additional security for the whole or any part of the SUBORDINATED OBLIGATIONS, (iv) initiate or participate with others in any action to realize upon the COLLATERAL or any of the assets of Amphastar, or (v) accelerate payment of the SUBORDINATED OBLIGATIONS.
Collection Action. The term “Collection Action” shall mean any of the following actions by any Lender: (a) ask, demand, xxx for, take or receive from or on behalf of Borrowers, by set-off or in any other manner, the whole or any part of any monies which may now or hereafter be owing by Borrowers to Lender on such Lender’s Debt (other than the receipt of payments in the ordinary course of business in accordance with the SVB Documents or the NEIPF Documents, as the case may be, prior to the occurrence of an Event of Default), (b) initiate or participate with others in any suit, action or proceeding against Borrowers to enforce payment of or to collect the whole or any part of such Lender’s Debt, (c) ask, demand, take or receive any additional security for any of such Lender’s Debt, or (d) initiate or participate with others in any action to realize upon such Lender’s Security Interest or any of the assets of Borrowers. “Collection Action” shall not include the acceleration of payment of such Lender’s Debt.
Collection Action. The term "COLLECTION ACTION" means any of the following actions by the SUBORDINATING CREDITOR: (a) ask, demand, sue for, take or receive from or on xxhalf of any of the OBLIGORS, by set-off or in any other manner, the whole or any part of any monies which may now or hereafter be owing by any of the OBLIGORS to the SUBORDINATING CREDITOR on the SUBORDINATED DEBT; (b) initiate or participate with others in any suit, action or proceeding against any of the OBLIGORS to enforce payment of or to collect the whole or any part of the SUBORDINATED DEBT; (c) ask, demand, take or receive any security for any of the SUBORDINATED DEBT; or (d) initiate or participate with others in any action to realize upon any of the assets of any of the OBLIGORS. The mere acceleration of the SUBORDINATED DEBT by the SUBORDINATING CREDITOR shall not in and of itself constitute a COLLECTION ACTION, provided that the SUBORDINATING CREDITOR does not institute, pursue or take any enforcement or collection actions with respect thereto, including without limitation the institution of any proceedings to collect or realize upon the SUBORDINATED DEBT or against any of the OBLIGORS or the assets of any of the OBLIGORS, or require that payments be made as a result of such acceleration.
Time is Money Join Law Insider Premium to draft better contracts faster.