Collection of Collateral. From and after the occurrence of an Event of Default, 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 4 contracts
Samples: Pledge Agreement, www.sec.gov, Commercial Pledge Agreement (Utg Inc)