Common use of Payments from Guarantors Clause in Contracts

Payments from Guarantors. 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 guarantors, 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 58 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Securities Purchase Agreement (Modtech Holdings Inc), Subsidiary Guaranty (Accentia Biopharmaceuticals Inc)

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Payments from Guarantors. 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 guarantors, 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 3 contracts

Samples: Guaranty (New Century Energy Corp.), Guaranty (New Century Energy Corp.), Guaranty (Texhoma Energy Inc)

Payments from Guarantors. 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 guarantorsGuarantor, 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: Subsidiary Guaranty (Bp International Inc)

Payments from Guarantors. 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 guarantors, or amounts realized from any security for the ObligationsObligations not subject to the rights of any senior creditor, 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 (Acceris Communications Inc)

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Payments from Guarantors. 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 guarantors, 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: Subsidiary Guaranty (Sequiam Corp)

Payments from Guarantors. Laurus, in its sole and absolute discretion, with or without notice to the undersigned, may shall apply on account of the Obligations any payment from the undersigned or any other guarantors, 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: Subsidiary Guaranty (Magic Lantern Group Inc)

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