Common use of Collection Action Clause in Contracts

Collection Action. Institute a collection action directly against any Obligor, either without acceleration for the balance of any Obligations then past due or, following acceleration, for all Obligations; or 

Appears in 2 contracts

Sources: Mortgage and Security Agreement (Reading International Inc), Mortgage Consolidation, Modification and Extension Agreement (Reading International Inc)

Collection Action. Institute a collection action directly against ------------------ any Obligor, either without acceleration for the balance of any Obligations then past due or, following acceleration, for all Obligations; or or

Appears in 1 contract

Sources: Mortgage (Ronson Corp)