Application of Proceeds by Lender. Lender 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, Borrower or from any other Person on account of the Guaranteed Obligations or of any other liability of Guarantor to Lender.
Appears in 7 contracts
Samples: Guaranty (Digital Angel Corp), Guaranty (Digital Angel Corp), Guaranty (Digital Angel Corp)
Application of Proceeds by Lender. Lender will have the exclusive right to determine, determine in its sole discretion, the order and method of discretion the application of payments from from, and credits to, if any, from Guarantor, Borrower or from any other Person (as defined in the Financing Agreement) on account of the Guaranteed Obligations or of any other liability of Guarantor to Lender.
Appears in 2 contracts
Samples: Guaranty (Fm Precision Golf Corp), Guaranty (Fm Precision Golf Corp)
Application of Proceeds by Lender. Lender 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, Borrower or from any other Person on account of the Guaranteed Obligations or of any other liability of Guarantor to Lender.
Appears in 2 contracts
Samples: Guaranty (Twinlab Consolidated Holdings, Inc.), Guaranty (Twinlab Consolidated Holdings, Inc.)
Application of Proceeds by Lender. Lender 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, Borrower Borrowers or from any other Person (as defined in the Financing Agreement) on account of the Guaranteed Obligations or of any other liability of Guarantor to Lender.
Appears in 1 contract
Samples: Guaranty (Fm Precision Golf Corp)
Application of Proceeds by Lender. Lender 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 GuarantorGuarantors, Borrower or from any other Person on account of the Guaranteed Obligations or of any other liability of Guarantor Guarantors to Lender.
Appears in 1 contract
