Common use of Extensions and Compromises Clause in Contracts

Extensions and Compromises. With respect to any Collateral held by Lender as security for the Obligations, Debtor assents to all extensions or postponements of the time of payment thereof or any other indulgence in connection therewith, to each substitution, exchange or release of Collateral, to the addition or release of any party primarily or secondarily liable, to the acceptance of partial payments thereon and to the settlement, compromise or adjustment thereof, all in such manner and at such time or times as Lender may deem advisable. Lender shall have no duty as to the collection or protection of Collateral or any income therefrom, nor as to the preservation of rights against prior parties, nor as to the preservation of any right pertaining thereto, beyond the safe custody of Collateral in the possession of Lender.

Appears in 7 contracts

Samples: Security Agreement (Digital Cinema Destinations Corp.), Security Agreement (Digital Cinema Destinations Corp.), Security Agreement (Digital Cinema Destinations Corp.)

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Extensions and Compromises. With respect to any Collateral held by Lender Bank as security for the Obligations, Debtor assents to all extensions or postponements of the time of payment thereof or any other indulgence in connection therewith, to each substitution, exchange or release of Collateral, to the addition or release of any party primarily or secondarily liable, to the acceptance of partial payments thereon and to the settlement, compromise or adjustment thereof, all in such manner and at such time or times as Lender Bank may deem advisable. Lender Bank shall have no duty as to the collection or protection of Collateral or any income therefrom, nor as to the preservation of rights against prior parties, nor as to the preservation of any right pertaining thereto, beyond the safe custody of Collateral in the possession of LenderBank.

Appears in 2 contracts

Samples: Security Agreement (Glimcher Realty Trust), Security Agreement (Glimcher Realty Trust)

Extensions and Compromises. With respect to any Collateral held by Lender as security for Property or Collateral, the Obligations, Debtor Borrower assents to all extensions or postponements of the time of payment thereof or any other indulgence in connection therewith, to each substitution, exchange or release of Property or Collateral, to the addition or release of any party primarily or secondarily liable, to the acceptance of partial payments thereon and to the settlement, compromise or adjustment thereof, all in such manner and at such time or times as Lender the Bank may deem advisable. Lender The Bank shall have no duty as to the collection or protection of Property or Collateral or any income therefrom, nor as to the preservation of rights against prior parties, nor as to the preservation of any right pertaining thereto, beyond the safe custody of Property or Collateral in the possession of Lenderthe Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Zaring National Corp)

Extensions and Compromises. With respect to any Collateral held by Lender Agent as security for the Obligations, Debtor assents to all extensions or postponements of the time of payment thereof or any other indulgence in connection therewith, to each substitution, exchange or release of Collateral, to the addition or release of any party primarily or secondarily liable, to the acceptance of partial payments thereon and to the settlement, compromise or adjustment thereof, all in such manner and at such time or times as Lender Agent may deem advisable. Lender Agent shall have no duty as to the collection or protection of Collateral or any income therefrom, nor as to the preservation of rights against prior parties, nor as to the preservation of any right pertaining thereto, beyond the safe custody of Collateral in the possession of LenderAgent.

Appears in 1 contract

Samples: Security Agreement (Barry R G Corp /Oh/)

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Extensions and Compromises. With respect to any Collateral held by Lender Bank as security for the Obligations, Debtor assents to all extensions or postponements of the time of payment thereof or any other indulgence in Indulgence In connection therewith, to each substitution, exchange or release of Collateral, to the addition or release of any party primarily or secondarily liable, to the acceptance of partial payments thereon and to the settlement, compromise or adjustment thereof, all in such manner and at such time or times as Lender Bank may deem advisable. Lender Bank shall have no duty as to the collection or protection of Collateral or any income therefrom, nor as to the preservation of rights against prior parties, nor as to the preservation of any right pertaining thereto, beyond the safe custody of Collateral in the possession of LenderBank.

Appears in 1 contract

Samples: Loan Agreement (Dynacraft Golf Products Inc)

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