Common use of Additional Security and Guaranties Clause in Contracts

Additional Security and Guaranties. Lender may, without notice or demand and without affecting any Company's (or any other Person's) obligations under the Loan Documents, from time to time (a) receive from any Person and hold collateral for the payment of all or any part of the Obligation and exchange, enforce, or release such collateral or any part thereof and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligation and release such endorser or guarantor, or any Person who has given any other security for the payment of all or any part of the Obligation, or any other Person in any way obligated to pay all or any part of the Obligation.

Appears in 2 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

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Additional Security and Guaranties. Lender may, without notice or demand and without affecting any Company's (or any other Person's) Borrowers’ obligations under the Loan Documents or the Supplemental Loan Documents, from time to time (a) receive take from any Person and hold collateral (other than the Collateral) for the payment and performance of all or any part of the Obligation Obligations and exchange, enforce, enforce or release such collateral or any part thereof thereof, and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligation Obligations and release such any endorser or guarantor, or any Person who has given any other security for the payment of all or any part of the ObligationObligations, or any other Person in any way obligated to pay all or any part of the ObligationObligations.

Appears in 1 contract

Samples: Credit Agreement (Gateway Energy Corp/Ne)

Additional Security and Guaranties. Lender (a) Lenders may, without notice or demand and without affecting any CompanyPerson's (or any other Person's) obligations under the Loan DocumentsPapers, from time to time (ai) receive and hold additional collateral from any Person and hold collateral for the payment of all or any part of the Obligation and exchange, enforce, enforce or release such collateral all or any part thereof of that collateral and (bii) accept and hold any endorsement or guaranty of payment of all or any part of the Obligation and release such any endorser or guarantor, or any Person who has given any other security for the payment of all or any part of the Obligation, or any other Person in any way obligated to pay all or any part of the Obligation.part

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Additional Security and Guaranties. Lender maymay (as contemplated in connection with Qualifying Debt or otherwise), without notice or demand and without affecting any CompanyPerson's (or any other Person's) obligations under the Loan DocumentsPapers, from time to time (a) receive and hold additional collateral from any Person and hold collateral for the payment of all or any part of the Obligation and exchange, enforce, or release such collateral all or any part thereof of that collateral and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligation and release such any endorser or guarantor, or any Person who has given any other security for the payment of all or any part of the Obligation, or any other Person in any way obligated to pay all or any part of the Obligation.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Pipe Line Partners L P)

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Additional Security and Guaranties. Lender may, without notice or demand and without affecting any Company's (or any other Person's) Borrowers’ obligations under the Loan Documents, from time to time (a) receive take from any Person and hold collateral (other than the Collateral) for the payment and performance of all or any part of the Obligation Obligations and exchange, enforce, enforce or release such collateral or any part thereof thereof, and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligation Obligations and release such any endorser or guarantor, or any Person who has given any other security for the payment of all or any part of the ObligationObligations, or any other Person in any way obligated to pay all or any part of the ObligationObligations.

Appears in 1 contract

Samples: Credit Agreement (Gateway Energy Corp/Ne)

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