Payments from Guarantor. Laurus, in its sole and absolute discretion, with or without notice to the undersigned, may apply on account of the Obligations any payment from the undersigned or any other guarantor, or amounts realized from any security for the Obligations, or may deposit any and all such amounts realized in a non-interest bearing cash collateral deposit account to be maintained as security for the Obligations.
Appears in 7 contracts
Samples: Subsidiary Guaranty (Numerex Corp /Pa/), Guaranty (Numerex Corp /Pa/), Subsidiary Guaranty (Numerex Corp /Pa/)
Payments from Guarantor. Laurus, in its sole and absolute discretion, with or without notice to the undersigned, may apply on account of the Obligations any payment from the undersigned or any other guarantorGuarantor, or amounts realized from any security for the Obligations, or may deposit any and all such amounts realized in a non-interest bearing cash collateral deposit account to be maintained as security for the Obligations.
Appears in 1 contract
Samples: Guaranty (Creative Vistas Inc)
