Common use of Collection Methods Clause in Contracts

Collection Methods. Borrower agrees that no court action or other legal proceedings for garnishment, attachment, repossession of property, detinue, or any attempt to repossess any merchandise covered by any Account other than through legal proceedings, shall be done or attempted to be done by Borrower except by or under the direction of competent legal counsel. Borrower agrees to indemnify and hold Bank harmless from any loss or liability of any kind or character which may be asserted or sought to be asserted against Bank by virtue of any suit filed, process issued or any repossession or attempted repossession done or attempted by Borrower or at Borrower’s direction or any endeavors that Borrower may make to collect or enforce any Accounts or repossess any goods covered by any Account.

Collection Methods. Borrower agrees that no court action or other legal proceedings for garnishment, attachment, repossession of property, detinue, or any attempt to repossess any merchandise covered by any Account other than through legal proceedings, shall be done or attempted to be done by Borrower except by or under the direction of competent legal counsel. Borrower agrees to indemnify and hold Bank Lender Party harmless from any loss or liability of any kind or character which may be asserted or sought to be asserted against Bank Lender Party by virtue of any suit filed, process issued or any repossession or attempted repossession done or attempted by Borrower or at Borrower’s direction or any endeavors that Borrower may make to collect or enforce any Accounts or repossess any goods covered by any Account.

Collection Methods. It is distinctly understood and agreed that the Borrower agrees that no will not institute any court action or other legal proceedings for garnishment, attachment, repossession of property, detinue, detinue or make any attempt to repossess any merchandise covered by any Account other otherwise than through legal proceedings, shall be done or attempted to be done by Borrower except proceedings by or under the direction of competent legal counsel. The Borrower agrees to indemnify and hold Bank the Lender harmless from any loss or liability of any kind or character which that may be asserted or sought to be asserted against Bank the Lender by virtue of any suit filed, process issued or any repossession or attempted repossession done or attempted by the Borrower or at the Borrower’s 's direction or any endeavors that the Borrower may make to collect or enforce any Accounts or repossess any goods covered by any Account.

Collection Methods. Each Borrower agrees that no court action or other legal proceedings for garnishment, attachment, repossession of property, detinue, or any attempt to repossess any merchandise covered by any Account other than through legal proceedings, shall be done or attempted to be done by Borrower except by or under the direction of competent legal counsel. Each Borrower agrees to indemnify and hold Bank Agent harmless from any loss or liability of any kind or character which may be asserted or sought to be asserted against Bank Agent by virtue of any suit filed, process issued or any repossession or attempted repossession done or attempted by Borrower or at Borrower’s direction or any endeavors that Borrower may make to collect or enforce any Accounts or repossess any goods covered by any Account.