Lender’s Authority. Lxxxxx has the authority, but is not obligated to:
(a) place on any chattel paper received as proceeds a notation or legend showing Lxxxxx’s security interest;
(b) demand, collect, receive and receipt for, compound, compromise, settle and give acquittance for, and prosecute and discontinue any suits or proceedings in respect of any or all of the Collateral in the name of the Company Entities;
(c) upon prior written notice to Company, take any action which Lender may deem necessary or desirable in order to realize on the Collateral, including, without limitation, performance of any contract and endorsement in the name of any Company Entity of any checks, drafts, notes or other instruments or documents received in payment of or on account of the Collateral; and
(d) place upon each Company Entity’s books and records relating to the Collateral covered by the security interest granted hereby a notation or legend stating that such are subject to a security interest held by Lxxxxx.
Lender’s Authority. Debtor authorizes Xxxxxx, and ratifies any prior authorization, to file financing statements, continuations, and amendments thereto describing the UCC Collateral and containing any other information required by the UCC, in such form and substance as Lender, in its sole discretion, may determine.
Lender’s Authority. Upon any sale by Lender of Lessor's right, title and interest in and to the Assigned Property, or any part thereof, the purchaser shall not be bound to see or inquire whether the power of sale of Lender has arisen, the sale shall be deemed for all purposes hereof to be within the power of Lender and the receipt of Lender for the purchase money shall effectively discharge the purchaser who shall not be concerned with the manner of application of the proceeds of sale or be in any way answerable therefore.
Lender’s Authority. Borrower agrees that any action taken by Lender in connection with Credit Accommodations in good faith shall be binding on Borrower. Lender shall have the full right and authority to take such actions with respect to the Credit Accommodations as it in good xxxxx xxxxx necessary or desirable, including agreeing to any amendments, renewals, exten sions, modifications, changes or cancellations of any of the terms and conditions of any of the Credit Accommodations.
Lender’s Authority. Upon the occurrence and during the continuence of an Event of Default, Lxxxxx has the authority, but is not obligated to:
(a) place on any chattel paper received as proceeds a notation or legend showing Lxxxxx’s security interest;
(b) demand, collect, receive and receipt for, compound, compromise, settle and give acquittance for, and prosecute and discontinue any suits or proceedings in respect of any or all of the Collateral in the name of the Company Entities;
(c) upon prior written notice to Company, take any action which Lender may deem necessary or desirable in order to realize on the Collateral, including, without limitation, performance of any contract and endorsement in the name of any Company Entity of any checks, drafts, notes or other instruments or documents received in payment of or on account of the Collateral; and
(d) place upon each Company Entity’s books and records relating to the Collateral covered by the security interest granted hereby a notation or legend stating that such are subject to a security interest held by Lxxxxx.
Lender’s Authority. Lender hereby represents to Borrower that ----------- ------------------ Lender has full power and lawful authority to execute this Agreement.
Lender’s Authority. Lender has the authority, but is not obligated to:
(a) place on any chattel paper received as proceeds a notation or legend showing Lender’s security interest;
(b) demand, collect, receive and receipt for, compound, compromise, settle and give acquittance for, and prosecute and discontinue any suits or proceedings in respect of any or all of the Collateral in the name of Company;
(c) upon prior written notice to Company, take any action which Lender may deem necessary or desirable in order to realize on the Collateral, including, without limitation, performance of any contract and endorsement in the name of Company of any checks, drafts, notes or other instruments or documents received in payment of or on account of the Collateral; and
(d) place upon Company’s books and records relating to the Collateral covered by the security interest granted hereby a notation or legend stating that such are subject to a security interest held by Lender.
Lender’s Authority. Lender may from time to time without notice to Guarantor and/or without Guarantor’s consent and upon such terms and conditions as Lender may deem advisable without affecting this Guaranty:
(a) release Borrower, any maker, guarantor, surety or other person liable for payment of all or any part of the Guaranteed Obligations;
(b) make any agreement extending or otherwise altering the time for or the terms of payment of all or any part of the Guaranteed Obligations;
(c) modify, waive, forbear, compromise, release, subordinate, resort to, exercise or refrain from exercising any right Lender may have hereunder, or under any of the Loan Documents;
(d) accept or decline additional security or guarantees of any kind;
(e) endorse, transfer or assign the Note or any other security to any other party;
(f) accept partial payment or payments on account of the Guaranteed Obligations;
(g) make further or additional loans or give or extend credit to or for the benefit of Borrower;
(h) release, settle or compromise any of Lender’s claims against Borrower or any other person, firm, corporation, guarantor, or account debtor whose obligation is held by Lender as collateral security for the Guaranteed Obligations;
(i) release or substitute collateral, guaranties or guarantors; and/or
(j) amend the Loan Agreement by accepting any new Revolving Credit Loan Rider or Term Loan Rider, whether or not such amendment increases the likelihood of Guarantor’s liability under this Guaranty.
Lender’s Authority. Each Borrower authorizes Lender, without notice or demand, unless otherwise specified herein, at any time, to: (a) in the event of any Default (as hereinafter defined), exercise any right or remedy of a secured party under the Uniform Commercial Code (the “UCC”) applicable in all appropriate jurisdictions in the United States of America, or under applicable law of any appropriate jurisdictions outside the United States of America, including in each case, without limitation, the right to demand for and collect, enforce, receive and receipt for any sums or property now or hereafter payable on account of the Collateral; (b) inspect such Borrower's books, records and files and make copies or extracts of same under reasonable procedures acceptable to Lender and arrange for verification of any accounts directly with the account debtor or otherwise; (c) inspect any of the Collateral at any Locations or other premises or facilities of such Borrower or require that any of the Collateral be exhibited to Lender, or upon Default, be assembled or delivered at a place designated by Lender; (d) in the event of Default, enter into any agreement, compromise or settlement relating to or affecting any Collateral, whether pledged pursuant to this Agreement or any other agreement, including, without limitation, any agreement to deposit or surrender control of all or any part of the Collateral, or to accept other property in exchange for the Collateral which may be either applied to the Indebtedness or held by Lender pursuant to this Agreement; (e) make such payments and perform such acts as Lender may deem necessary to preserve and insure the Collateral or its value or Lender's security interest, including, without limitation, any action which such Borrower shall have agreed to take pursuant to the terms of this Agreement and the other Credit Documents; (f) assign its rights in this Agreement in full or in part; (g) accept new or additional documents, instruments or agreements relative to any Indebtedness; (h) with respect to any evidence of Indebtedness or this Agreement or any other security agreement, release, add or substitute any guarantor or third party pledgor, whether such obligor executes the original document or any renewal, extension or modification; (i) now or in the future take additional Collateral as security for any Indebtedness and exchange, substitute, enforce, waive, subordinate, modify and release in any manner any present or later acquired Collateral or Le...
Lender’s Authority. Guarantor hereby authorizes Lender to keep and preserve the certificates or other documents evidencing the Stock in Lender's possession. pending full satisfaction and performance by Guarantor of all agreements, promises and obligations provided hereunder.
