Common use of ANTI-MARSHALLING PROVISIONS Clause in Contracts

ANTI-MARSHALLING PROVISIONS. The right is hereby given by the Borrower to the Bank to make releases (whether in whole or in part) of all or any part of the Collateral under the Security Instruments agreeable to the Bank without notice to, or the consent, approval or agreement of other parties and interests, including junior lienors, which releases shall not impair in any manner the validity of or priority of the liens and security interest in the remaining Collateral conferred under such documents, nor release the Borrower from liability for the obligations hereby secured. Notwithstanding the existence of any other security interest in the Collateral held by the Bank, the Bank shall have the right to determine the order in which any or all of the Collateral shall be subjected to the remedies provided herein, or in the Security Instruments. The Borrower hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the remedies permitted by applicable law or provided herein or therein.

ANTI-MARSHALLING PROVISIONS. The right is hereby given by the Borrower to the Bank to make releases (whether in whole or in part) of all or any part of the Collateral under the Security Instruments agreeable to the Bank without notice to, or the consent, approval or agreement of of, other parties and interests, including junior lienors, which releases shall not impair in any manner the validity of or priority of the liens and security interest in the remaining Collateral conferred under such documents, nor release the Borrower from liability for the obligations hereby secured. Notwithstanding the existence of any other security interest in the Collateral held by the Bank, the Bank shall have the right to determine the order in which any or all of the Collateral shall be subjected to the remedies provided herein, or in the Security Instruments. The Borrower hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the remedies permitted by applicable law or provided herein or therein.

ANTI-MARSHALLING PROVISIONS. The right is hereby given by the Borrower Company to the Bank to make releases (whether in whole or in part) of all or any part of the Collateral security under the Deed of Trust, the Security Instruments Agreement or the Trust Agreement agreeable to the Bank without notice to, or the consent, approval or agreement of other parties and interests, including junior lienors, which releases shall not impair in any manner the validity of or priority of the liens and security interest in the remaining Collateral collateral conferred under such documents, nor release the Borrower Company from liability for the obligations hereby secured. Notwithstanding the existence of any other security interest in the Collateral collateral held by the Bank, the Bank shall have the right to determine the order in which any or all of the Collateral collateral shall be subjected to the remedies provided herein, or in the Deed of Trust, the Security InstrumentsAgreement or the Trust Agreement. The Borrower Company hereby waives any and all right to require the marshalling of assets in connection with the exercise of any of the remedies permitted by applicable law or provided herein or therein.

ANTI-MARSHALLING PROVISIONS. The right is hereby given by the Borrower to the Bank to make releases (whether in whole or in part) of all or any part of the Collateral under the Security Instruments agreeable to the Bank without notice to, or the consent, approval or agreement of other parties and interests, including junior lienors, which releases shall not impair in any manner the validity of or priority of the liens and security interest in the remaining Collateral conferred under such documents, nor release the Borrower from the liability for the obligations hereby secured. Notwithstanding the existence of any other security interest in the Collateral held by the Bank, the Bank shall have the right to determine the order in which any or all of the Collateral shall be subjected to the remedies provided hereintherein, or in the Security Instruments. The Borrower hereby waives any and all right rights to require the marshalling of assets in connection with the exercise of any of the remedies permitted by applicable law or provided herein or therein.