Common use of Additional Security, Etc Clause in Contracts

Additional Security, Etc. Without notice to or consent of the ------------------------ Borrower, and without impairment of the Liens and rights created by this Agreement, the Lender may accept from the Borrower, any other Obligor or any other person, additional security for the Obligations. Neither the giving of this Agreement nor the acceptance of any such additional security shall prevent the Lender from resorting first to any such additional security, or first to the Liens created by this Agreement, without affecting the Liens and rights of the Lender under this Agreement.

Appears in 4 contracts

Samples: Pledge Agreement (Alabama National Bancorporation), Pledge Agreement (Alabama National Bancorporation), Pledge Agreement (Alabama National Bancorporation)

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Additional Security, Etc. Without notice to or consent of the ------------------------ ------------------------- Borrower, and without impairment of the Liens and rights created by this Agreement, the Lender may accept from the Borrower, any other Obligor or any other person, additional security for the Obligations. Neither the giving of this Agreement nor the acceptance of any such additional security shall prevent the Lender from resorting first to any such additional security, or first to the Liens created by this Agreement, without affecting the Liens and rights of the Lender under this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Alabama National Bancorporation), Pledge Agreement (Alabama National Bancorporation)

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