Collection of Collateral. Lender at Lender's option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's receipt for the payments.
Appears in 11 contracts
Samples: Pledge and Security Agreement (Black Ridge Oil & Gas, Inc.), Business Loan Agreement (Landmark Bancorp Inc), Commercial Pledge Agreement (Belvedere SoCal)
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Xxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's Xxxxxx’s receipt for the payments.
Appears in 7 contracts
Samples: Commercial Pledge Agreement (Landsea Holdings Corp), Business Loan Agreement (Loyalty Alliance Enterprise Corp), Commercial Pledge Agreement (Western Capital Resources, Inc.)
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's ’s receipt for the payments.
Appears in 7 contracts
Samples: Business Loan Agreement (Landmark Bancorp Inc), Commercial Pledge Agreement (Wayside Technology Group, Inc.), Commercial Pledge Agreement (Sterion Inc)
Collection of Collateral. Lender at Lender's option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Lxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept LenderLxxxxx's receipt for the payments.
Appears in 5 contracts
Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (Pure Cycle Corp), Pledge Agreement (Premier Financial Bancorp Inc)
Collection of Collateral. Lender Lenders at Lender's Lenders’ option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides Lenders decide to collect the Income and Proceeds, to pay and deliver to Lender Lenders all Income and Proceeds from the Collateral and to accept Lender's Lenders’ receipt for the payments.
Appears in 3 contracts
Samples: Pledge Agreement, Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)
Collection of Collateral. Lender at Lender's option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Xxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept LenderXxxxxx's receipt for the payments.
Appears in 3 contracts
Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (LSB Industries Inc), Commercial Pledge Agreement (LSB Industries Inc)
Collection of Collateral. Lender Lenders at Lender's Lenders' option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides Lenders decide to collect the Income and ProceedsIncome, to pay and deliver to Lender Lenders all Income and Proceeds from the Collateral and to accept Lender's Lenders' receipt for the payments.
Appears in 2 contracts
Samples: Intercreditor Agreement (Windsortech Inc), Intercreditor Agreement (Windsortech Inc)
Collection of Collateral. Lender Lender, at Lender's option ’s option, may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's ’s receipt for the payments.
Appears in 2 contracts
Samples: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.)
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes Grantors authorize and directs direct the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's ’s receipt for the payments.
Appears in 2 contracts
Samples: Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)
Collection of Collateral. Lender at Lenderlender's option may, but need not, collect the Income income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Xxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept LenderXxxxxx's receipt for the payments.
Appears in 1 contract
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's ’s receipt for the payments.. COMMERCIAL PLEDGE AGREEMENT
Appears in 1 contract
Samples: www.sec.gov
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Lxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's Lxxxxx’s receipt for the payments.
Appears in 1 contract
Collection of Collateral. Upon the occurrence of an Event of Default, Lender at Lender's option may, but need not, collect the Income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender decides to collect the Income and Proceeds, to pay and deliver to Lender all Income and Proceeds from the Collateral and to accept Lender's receipt for the payments.
Appears in 1 contract
Samples: Commercial Pledge Agreement (ERBA Diagnostics, Inc.)
Collection of Collateral. Lender at Lender's ’s option may, but need not, collect the Income income and Proceeds directly from the Obligors. Grantor authorizes and directs the Obligors, if Lender Lxxxxx decides to collect the Income and Proceeds, to pay and deliver to Lender all ell Income and Proceeds from the Collateral and to accept Lender's Lxxxxx’s receipt for the payments.
Appears in 1 contract
