Common use of Immediate Possession of Collateral Clause in Contracts

Immediate Possession of Collateral. To take immediate possession of all Collateral, whether now owned or hereafter acquired, without notice, demand, presentment, or resort to legal process, and, for those purposes, to enter any premises where any of the Collateral is located and remove the Collateral therefrom or render it unusable;

Immediate Possession of Collateral. To take immediate possession of all Collateralcollateral, whether now owned or hereafter acquired, without notice, demand, presentment, or resort to legal process, and, for those purposes, to enter any premises where any of the Collateral collateral is located and remove the Collateral collateral therefrom or render it unusable;