Application of Cash. At Lenders’ option, Lenders may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lenders shall choose, whether or not matured.
Appears in 3 contracts
Samples: Commercial Pledge Agreement, Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)
Application of Cash. At Lenders’ ' option, Lenders may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lenders shall choose, whether or not matured.
Appears in 2 contracts
Samples: Loan Agreement (Windsortech Inc), Loan Agreement (Windsortech Inc)
