COLLECTION OF INSTRUMENTS Sample Clauses

COLLECTION OF INSTRUMENTS. In consideration of SPS-EFT’s purchase of the Qualified Instrument from Merchant, Merchant assigns all right, title and interest in and to the Instrument purchased by SPS-EFT. Merchant further agrees to provide SPS-EFT with any additional testimony or information reasonably requested by SPS-EFT to aid SPS-EFT in the collection or enforcement of said Instrument. Merchant agrees that SPS-EFT shall be entitled to all interest, collection, costs, damages and fees allowed by applicable law in addition to any amount received in collection or enforcement of the instrument.
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COLLECTION OF INSTRUMENTS. In consideration of GETI’s purchase of the Qualified Instrument from Merchant, Merchant assigns all right, title and interest in and to the Instrument purchased by GETI. Merchant further agrees to provide GETI with any additional testimony or information reasonably requested by GETI to aid GETI in the collection or enforcement of said Instrument. Merchant agrees that GETI shall be entitled to all interest, collection, costs, damages and fees allowed by applicable law in addition to any amount received in collection or enforcement of the instrument.
COLLECTION OF INSTRUMENTS 

Related to COLLECTION OF INSTRUMENTS

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Collection of Indebtedness and Suits for Enforcement by Trustee The Company covenants that if

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