Payments from Guarantors. The Creditor Parties, in their 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 7 contracts
Samples: Guaranty (Rapid Link Inc), Subsidiary Guaranty (Micro Component Technology Inc), Guaranty (PetroAlgae Inc.)
Payments from Guarantors. The Creditor Parties, in their sole and absolute discretion, with or without notice to the undersigned, may apply on account of the Guarantor Obligations any payment from the undersigned or any other guarantors, or amounts realized from any security for the Guarantor 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 Guarantor Obligations.
Appears in 3 contracts
Samples: Limited Guaranty (Biovest International Inc), Guaranty (Accentia Biopharmaceuticals Inc), Guaranty (Biovest International Inc)
