Common use of Enforcement of Guaranty Clause in Contracts

Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretion) to proceed against Borrower or any other Credit Party or any Collateral pledged to secure the Guarantied Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to the enforcement of the Administrative Agent's rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Obligations.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Galaxy Gaming, Inc.)

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Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against Borrower or any other Credit Loan Party or any Collateral pledged to secure the Guarantied Obligations before seeking satisfaction from any or all of the Guarantorseach Corporate Guarantor, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Operating Co)

Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against Borrower the Borrowers or any other Credit Party or any Collateral pledged to secure the Guarantied Guaranteed Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's ’s or the Revolving Loan Agent’s rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Guaranteed Obligations.

Appears in 1 contract

Samples: Term Credit Agreement (James River Coal CO)

Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against Borrower the Borrowers or any other Credit Party or any Collateral pledged to secure the Guarantied Guaranteed Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's ’s or the Term Loan Agent’s rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Guaranteed Obligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (James River Coal CO)

Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against any Borrower or any other Credit Party or any Collateral pledged to secure the Guarantied Guaranteed Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Coffeyville Resources, Inc.)

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Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against Borrower the Borrowers or any other Credit Party or any Collateral pledged to secure the Guarantied Guaranteed Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's ’s or the Term Loan Agent’s rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Guaranteed Obligations.. 92

Appears in 1 contract

Samples: Revolving Credit Agreement (James River Coal CO)

Enforcement of Guaranty. In no event shall the Administrative Agent have any obligation (although it is entitled, at its option in its sole discretionoption) to proceed against any Borrower or any other Credit Party or any Collateral pledged to secure the Guarantied Guaranteed Obligations before seeking satisfaction from any or all of the Guarantors, and the Administrative Agent may proceed, prior or subsequent to to, or simultaneously with, the enforcement of the Administrative Agent's ’s rights hereunder, to exercise any right or remedy which it may have against any Collateral, as a result of any Lien it may have as security for all or any portion of the Guarantied Guaranteed Obligations.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

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