Common use of Servicing of Contracts Clause in Contracts

Servicing of Contracts. The Borrower shall collect all payments and other proceeds of the Contracts and other Collateral and deposit the proceeds into the Payment Account and perform customary insurance follow-up with respect to each policy of insurance, if any, covering the Property which is the subject of the Contracts.

Appears in 1 contract

Sources: Loan and Security Agreement (TFC Enterprises Inc)

Servicing of Contracts. The Borrower shall collect all payments and other proceeds of the Contracts and other Collateral and deposit the proceeds into the Payment Account and perform customary insurance follow-up with respect to each policy policies of insurance, if any, insurance covering the Property which is the subject of the Contracts.

Appears in 1 contract

Sources: Loan and Security Agreement (Crown Group Inc /Tx/)

Servicing of Contracts. The Borrower shall collect all payments and other proceeds of the Contracts and other Collateral and deposit the proceeds into the Payment Collection Account and perform customary insurance follow-up with respect to each policy of insurance, if any, insurance covering the Property which is the subject of the Contracts.

Appears in 1 contract

Sources: Loan and Security Agreement (Emergent Group Inc)