Common use of Field Visit and Collection Clause in Contracts

Field Visit and Collection. It involves meeting the Borrower and collecting the payment of the amount due. The activity shall be carried out through employees of the Lender or by its authorized representative.

Field Visit and Collection. It involves meeting the Borrower Borrower(s) and collecting the payment of the amount due. The activity shall be carried out through employees of the Lender or by its authorized representativerepresentatives.