Common use of BANK’S RIGHTS Clause in Contracts

BANK’S RIGHTS. The Guarantor authorizes the Bank, without notice or demand and without affecting the Guarantor’s liability hereunder, to take and hold security for the payment of this Guaranty Agreement and/or the Indebtedness, and exchange, enforce, waive and release any such security; and to apply such security and direct the order or manner of sale thereof as the Bank in its discretion may determine; and to obtain a guaranty of the Indebtedness from any one or more Persons and at any time or times to enforce, waive, rearrange, modify, limit or release any of such other Persons from their obligations under such guaranties.

BANK’S RIGHTS. The Guarantor authorizes the Bank, without ------------- notice or demand and without affecting the Guarantor’s 's liability hereunder, to take and hold security for the payment of this Guaranty Agreement and/or the IndebtednessLiabilities, and exchange, enforce, waive and release any such security; and to apply such security and direct the order or manner of sale thereof as the Bank in its discretion may determine; and to obtain a guaranty of the Indebtedness Liabilities from any one or more Persons and at any time or times to enforce, waive, rearrange, modify, limit or release any of such other Persons from their obligations under such guaranties.