Common use of GRANTOR'S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS Clause in Contracts

GRANTOR'S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS. Until default and except as otherwise provided below with respect to accounts, Grantor may have possession of the tangible personal property and beneficial use of all the Collateral and may use it in any lawful manner not inconsistent with this Agreement or the Related Documents. Until otherwise notified by Raab, Grantor may collect any of ▇▇▇ Collateral consisting of accounts. If Raab at any time has possession ▇▇ ▇ny Collateral, whether before or after an Event of Default, Raab shall be deemed to have ▇▇▇▇cised reasonable care in the custody and preservation of the Collateral if Raab takes such action for that ▇▇▇pose as Grantor shall request or as Raab, in Raab's sole discret▇▇▇, shall ▇▇▇▇ appropriate under the circumstances, but failure to honor any request by Grantor shall not of itself be deemed to be a failure to exercise reasonable care. Raab shall not be required to ta▇▇ ▇ny steps necessary to preserve any rights in the Collateral against prior parties, nor to protect, preserve or maintain any such security interest given to secure the indebtedness.