Impairment of Collateral; Release of Liable Parties. Lender may, in its sole discretion and with or without consideration, release any collateral securing the Obligations or release any party liable therefor. The defenses of impairment of collateral and impairment of recourse and any requirement of diligence on Lender's part in collecting the Obligations are hereby waived.
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Samples: Loan Agreement (Obsidian Enterprises Inc), Pledge and Security Agreement (Digital Transmission Systems Inc \De\), Pledge and Security Agreement (American International Petroleum Corp /Nv/)
Impairment of Collateral; Release of Liable Parties. Lender may, in its sole discretion and with or without consideration, release any collateral securing the Guaranteed Obligations or release any party liable therefor. The defenses of impairment of collateral and impairment of recourse and any requirement of diligence on Lender's part in collecting the Guaranteed Obligations are hereby waived.
Appears in 4 contracts
Samples: Exhibit 99 (Dynagen Inc), HLM Design Inc, Dynagen Inc
Impairment of Collateral; Release of Liable Parties. The Lender Parties may, in its their sole discretion and with or without consideration, release any collateral securing the Obligations or release any party liable therefor. The defenses of impairment of collateral and impairment of recourse and any requirement of diligence on Lender's the Lender Parties' part in collecting the Obligations are hereby waived.
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