Common use of Collection of the Collateral Clause in Contracts

Collection of the Collateral. The Bank shall have the right to collect all proceeds of the Collateral or Restricted Cash, to pay all expenses of such collection, including the reasonable expenses and compensation of the Bank, its agents and attorneys, and to apply the remainder of the moneys so received as provided herein.

Appears in 4 contracts

Sources: Collateral Assignment Agreement (WFS Financial Inc), Collateral Assignment Agreement (WFS Financial Inc), Collateral Assignment Agreement (WFS Financial Inc)