Impairment of Collateral. Lenders or Agent may, in their sole discretion, 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 in collecting the Obligations are hereby waived.
Appears in 4 contracts
Samples: Loan Agreement (Seafield Capital Corp), Credit Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc)
Impairment of Collateral. Lenders or Agent may, in their sole discretion, (acting as permitted under this Agreement) may 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 in collecting the Obligations are hereby waived.
Appears in 3 contracts
Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Renal Care Group Inc), Loan Agreement (Physicians Resource Group Inc)
