Common use of LICENSE TO COLLECT Clause in Contracts

LICENSE TO COLLECT. Beneficiary hereby grants to Trustor an exclusive license, revocable upon occurrence of an Event of Default, to possess, use, and enjoy the Mortgaged Properties and to collect and retain the proceeds of and from the Mortgaged Properties, unless and until an Event of Default occurs.

LICENSE TO COLLECT. Beneficiary hereby grants to Trustor an exclusive license, revocable upon occurrence of an Event of Default, to possess, use, and enjoy the Mortgaged Properties and to collect coiled and retain the proceeds of and from the Mortgaged Properties, unless and until an Event of Default occurs.