Common use of Special Remedies Concerning Certain Collateral Clause in Contracts

Special Remedies Concerning Certain Collateral. (a) Upon the occurrence and during the continuance of any Event of Default, Grantor shall, if requested to do so in writing, and to the extent so requested, promptly collect and enforce payment of all amounts due Grantor on account of, in payment of, or in connection with, any of the Collateral, hold all payments in the form received by Grantor as trustee for Lenders, without commingling with any funds belonging to Grantor, and forthwith deliver all such payments to Lenders with endorsement to Lenders’ order of any checks or similar instruments.

Special Remedies Concerning Certain Collateral. (a) Upon the occurrence and during the continuance of any Event of Default, Grantor shall, if requested to do so in writing, and to the extent so requested, promptly collect and enforce payment of all amounts due Grantor on account of, in payment of, or in connection with, any of the Collateral, hold all payments in the form received by Grantor as trustee for LendersLender, without commingling with any funds belonging to Grantor, and forthwith deliver all such payments to Lenders Lender with endorsement to Lenders’ Lender’s order of any checks or similar instruments.