Repossession of Collateral. Either or both of the Ally Parties may take immediate possession of the Collateral, without demand, further notice to or consent of Dealership, and with or without legal process. Upon request by either or both of the Ally Parties, Dealership must assemble the Collateral and make it available to such Ally Party(ies) at a reasonably convenient place designated by such Ally Party(ies), including the Dealership premises. Dealership irrevocably authorizes and empowers each of the Ally Parties and their agents to enter upon the premises where the Collateral is located and remove it or render portions of it unusable (“Collateral Recovery”). Dealership irrevocably waives any bonds, surety, or security which may be required by any rule, law, or procedure in connection with Collateral Recovery.
Repossession of Collateral. Each Obligor and the Lender agree that, to the extent permitted by law and in respect of any Related Document, if the Borrower is in default of this Agreement, if any Obligor removes the Collateral from the address listed in the First Schedule without the Lender’s written consent, or if the Lender reasonably believes that the Collateral is at risk, the Lender may enter into any premises where the Collateral may be stored, using such reasonable force as is necessary, and take repossession of the Collateral, at the cost of the Obligor, and the Obligor will indemnify the Lender against all costs incurred in doing so.
Repossession of Collateral. Secured Party may take possession of any Collateral not already in its possession without demand and without legal process. Upon Secured Party’s demand, Debtor will assemble and make the Collateral available to Secured Party as Secured Party may direct. Debtor grants to Secured Party the right, for this purpose, to enter into or on any premises where Collateral may be located. If Secured Party takes possession of the Collateral, Secured Party shall not be responsible for any of Debtor’s or any other person’s property not covered by this Agreement and left inside the Collateral. Secured Party will hold all such property at Debtor’s sole risk and expense, including storage charges, and without liability on Secured Party’s part. If Debtor does not redeem any such property within 90 days after repossession, Secured Party may dispose of it in any manner Secured Party deems appropriate for such purposes and subject to any applicable laws. Secured Party and its agents are irrevocably appointed Xxxxxx’s true and lawful attorneys in fact to make all necessary transfers of the Collateral upon resale after possession, in Debtor’s name and stead.
Repossession of Collateral. A judgment creditor of Borrower shall obtain possession of any of the Collateral by any means, including but without limitation, garnishment, levy, distraint, replevin, or self help.
Repossession of Collateral. Upon the Company's request, WOFC shall be responsible for repossessing and disposing of collateral at any time an Account is a Defaulted Account. WOFC may engage subcontractors to provide services for such repossession and disposition at Collateral. The Company agrees to pay all reasonable expenses related to the repossession, including but not limited to, a fee of $300.00 per repossession, and agrees that WOPC may deduct such expenses from the Servicing Account. At Company's option, upon providing 30 days written notice to WOFC, Company may elect to repossess the Collateral of any Account, in which case, the $300 fee per repossession shall not apply.
Repossession of Collateral. Upon the Company's request, WOFC shall be responsible for repossessing and disposing of Collateral at any time an Account is a Defaulted Account. WOFC may engage subcontractors to provide services for such repossession and disposition of Collateral. The Company agrees to pay all reasonable expenses related to the repossession, including but not limited to, a fee of $300.00 per repossession, and agrees that WOFC may deduct such expenses from the amount received by WOFC upon disposition of the Collateral, with the balance to be paid to the Company's Account. At Company's option, upon providing 30 days written notice to WOFC, Company may elect to repossess the Collateral of any Account, in which case, the $300 fee per repossession shall not apply.
Repossession of Collateral. If the Company elects to take possession of any Goods or trade-ins, it shall have the right, to the full extent allowed by law, to enter any premises occupied by or under the control of the Dealer for that purpose. The Dealer shall, when requested to do so by the Company, gather at the Dealer's principal place of business any Goods or trade-ins which are not already located there. After taking possession, the Company may at its election take any one of the following actions or a combination of (a) and (b), or of (b) and (c):
Repossession of Collateral. Either or both of the Ally Parties may take immediate possession of the Collateral, without demand, further notice to or consent of Carvana, and with or without legal process. Upon request by either or both of the Ally Parties, Carvana must assemble the Collateral and make it available to such Ally Party(ies) at a reasonably convenient place designated by such Ally Party(ies), including the Carvana premises. Carvana irrevocably authorizes and empowers each of the Ally Parties and their agents to enter upon the premises where the Collateral is located and remove it or render portions of it unusable (“Collateral Recovery”). Carvana irrevocably waives any bonds, surety, or
Repossession of Collateral. Repossessions are not initiated by a defined trigger date. All repossessions are done on a case by case basis with account managers having the responsibility to determine when collection activities have been exhausted and repossession is the last cure. Once the account manager feels it is necessary to move against the collateral they fill out a request form which is then approved by the Collection Supervisor and the Collections Manager. This way we keep the chance of an unwarranted repossession to a minimum and give the collection management another opportunity to review collection procedures and training. Due date changes are granted on a limited case-by-case basis as deemed appropriate by our Collections Manager and Collections Supervisor. Due date changes are typically granted in situations to align a customer’s payment due date with the customer’s regularly scheduled paycheck.
Repossession of Collateral. After a Default, Secured Party may at any time and from time to time, with or without judicial process or the aid or assistance of others, enter upon any premises in which Collateral may be located and, without resistance or interference by Debtor, take physical possession of any items of Collateral and maintain such possession on Debtor’s premises or move the same or any part thereof to such other places as Secured Party shall choose without being liable to Debtor on account of any losses, damage or depreciation that may occur as a result thereof so long as Secured Party shall act reasonably and in good faith, dispose of all or any part of the Collateral on any premises of Debtor, require Debtor to assemble and make available to Secured Party or to remove all or any part of the Collateral from any premises in which any part may be located for the purpose of effecting sale or other disposition thereof.
