Compromise and Settlement. On the occurrence of an Event of Default or at any time thereafter, Secured Party may demand, xxx for, collect, or make any compromise or settlement with reference to the Collateral as Secured Party chooses in its sole discretion.
Appears in 2 contracts
Samples: Security Agreement (Tor Minerals International Inc), Security Agreement (Tor Minerals International Inc)
Compromise and Settlement. On the occurrence or continuance of an Event of Default or at any time thereafterDefault, the Secured Party may demand, xxx for, collect, or make any compromise or settlement with reference to the Collateral as the Secured Party chooses in its sole discretion.
Appears in 1 contract
Samples: Security Agreement (IdentiPHI, Inc.)
Compromise and Settlement. On the occurrence of an Event of Default or at any time thereafter, the Secured Party may demand, xxx forsue xxx, collect, or make any compromise or settlement with reference to the Collateral as the Secured Party chooses in its sole discretion.
Appears in 1 contract
Samples: Loan Agreement (Lancer Corp /Tx/)
