Application of Proceeds by Bank. Bank will have the exclusive right to determine, in its sole discretion, the order and method of the application of payments from and credits to, if any, Guarantor, Borrowers or any other Person on account of the Guaranteed Obligations or of any other liability of Guarantor to Bank.
Appears in 2 contracts
Samples: Guaranty (EQM Technologies & Energy, Inc.), Guaranty (EQM Technologies & Energy, Inc.)
Application of Proceeds by Bank. Bank will have the exclusive right to determine, in its sole discretion, the order and method of the application of payments from and credits to, if any, from Guarantor, Borrowers Borrower or from any other Person on account of the Guaranteed Obligations or of any other liability of Guarantor to Bank.
Appears in 1 contract
Application of Proceeds by Bank. Bank will have the exclusive right to determine, in its sole discretion, the order and method of determine the application of sums received in respect to this Guaranty and payments from from, and credits to, if any, the Other Guarantor, Borrowers Borrower or from any other Person (as defined in the Loan Agreement) on account of the Guaranteed Obligations or in such order and method of any other liability of Guarantor to Bankapplication as may be elected by Bank in its sole discretion.
Appears in 1 contract
