Common use of COLLECTION OF INSTRUMENTS Clause in Contracts

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.

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 Xxxxxxxx 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 Xxxxxxxx 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.