Common use of Application of Cash Clause in Contracts

Application of Cash. At Lender’s option, Lender 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 Lender shall choose, whether or not matured. Transactions with Others. Lender may (1) extend time for payment or other performance, (2) grant a renewal or change in terms or conditions, or (3) compromise, compound or release any obligation, with any one or more Obligors, endorsers, or Guarantors of the Indebtedness as Lender deems advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lender’s rights against Grantor or the Collateral.

Application of Cash. At Lender’s option, Lender may apply any cash, whether included in the Collateral collateral or received as Income income and Proceeds proceeds or through liquidation, salesafe, or retirement, of the Collateral, to the satisfaction of the Indebtedness indebtedness or such portion thereof as Lender shall choose, whether or not matured. Transactions with Others. Lender may (1) extend time for payment or other performance, . (2) grant a renewal or change in terms or conditions, or (3) compromise, compound or release any obligation, with any one or of more Obligorsobligors, endorsers, or of Guarantors of the Indebtedness indebtedness as Lender deems advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lendereffect Xxxxxx’s rights against Grantor or the Collateral.

Application of Cash. At Lender’s 's option, Lender 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 Lender shall choose, whether or not matured. Transactions with Others. Lender may (1) extend time for payment or other performance, (2) grant a renewal or change in terms or conditions, or (3) compromise, compound or release any obligation, with any one or more Obligors, endorsers, or Guarantors of the Indebtedness as Lender deems advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lender’s 's rights against Grantor or the Collateral.

Application of Cash. At Lender’s 's option, Lender may apply any cash, whether included in In the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness indebtedness or such portion thereof as Lender shall choose, whether or not matured. Transactions with Othersothers. Lender may (1) extend time for payment or other performance, (2) grant a renewal or change in terms or conditions, or (3) compromisecomprise, compound or release any obligation, with any one or more Obligors, endorsers, or Guarantors of the Indebtedness as Lender deems advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lender’s 's rights against Grantor or the Collateral.