Common use of Collection Methods Clause in Contracts

Collection Methods. The Grantor shall not institute any proceedings before any Governmental Authority for garnishment, attachment, repossession of property, detinue or make any attempt to repossess any goods covered by any Account or Contract except under the direction of competent legal counsel. The Grantor agrees to indemnify and hold the Lender harmless from any loss or liability of any kind that may be asserted against the Lender by virtue of any proceeding or repossession done or attempted by or on behalf of the Grantor or any actions that the Grantor may make to collect or enforce any Account or Contract or repossess any goods covered by any Account or Contract.