Payments from Guarantor. Agent, on behalf of Lenders, 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 4 contracts
Samples: Guaranty (Lets Talk Cellular & Wireless Inc), Guaranty (Nations Flooring Inc), Guaranty (Microwave Power Devices Inc)
Payments from Guarantor. Agent, on behalf of Lenders, 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-an interest bearing cash collateral deposit account to be maintained as security for the Obligations.
Appears in 3 contracts
Samples: Guaranty (Newtek Business Services Corp.), Guaranty (Newtek Business Services Corp.), Guaranty (Newtek Business Services Inc)
Payments from Guarantor. Agent, on behalf of Lenders, 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 of the undersigned 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, such payments and cash collateral to be applied on account of the Obligations in accordance with the Loan Agreement and the other Loan Documents.
Appears in 1 contract
Samples: Guaranty (Loehmanns Holdings Inc)
