Collection of Loans. (i) BANK hereby authorizes DOLLAR, and DOLLAR agrees, to service the Loans by, among other things, (1) using its commercially reasonable efforts to collect payments on the Loans at and after maturity thereof on behalf of BANK; (2) accurately recording and reporting the payments of funds from Borrowers; and (3) making prompt remittance to and settlement with BANK. In collecting payments owed under the Notes, DOLLAR shall [* * *] DOLLAR shall not, explicitly or implicitly, make any threats of criminal prosecution in connection with debt collection, or otherwise engage in any practices that violate any applicable Law [* * *]. DOLLAR and its subsidiaries are expressly authorized to collect defaulted Loans in accordance with BANK's procedure manual (as reasonably modified by BANK from time to time), a copy of which has been exhibited to DOLLAR.
Collection of Loans. The Lender agrees to collect loans enrolled under the Alabama SSBCI Programs in a manner consistent with commercially reasonable and customary standards of collecting business loans not enrolled in the Program.
Collection of Loans. The Participating Lender must agree to collect loans enrolled under the Navajo Loan Guarantee Program in compliance with all applicable provisions of State, federal and local law, and in a manner consistent with commercially reasonable and customary standards of collecting business loans not enrolled in the Navajo Loan Guarantee Program. The Participating Lender must further covenant, acknowledge and agree that the Navajo Loan Guarantee Program serves as a deficiency guaranty (that is, a limited guaranty of collection and not of payment and performance); therefore, the Participating Lender must, in all cases, use its commercially reasonable efforts to initiate the liquidation of any and all collateral and/or security, commence assertion of any other rights of recovery, and seek performance of all third- party guarantees (if any) prior to making a claim for reimbursement by operation of the guaranty provided under the Navajo Loan Guarantee Program; provided, however, that nothing herein contained is intended, nor shall it be construed as requiring the Participating Lender to seek and/or receive a final judgment or otherwise take legal action to collect on any Enrolled Loan prior to seeking payment from the Navajo Loan Guarantee Program. Failure to comply with the provisions of this Attachment shall be, for all purposes, an immediate and non-curable event of default with respect to the Enrolled Loan for which a reimbursement is sought under the Navajo Loan Guarantee Program.
