Common use of Payments from Guarantors Clause in Contracts

Payments from Guarantors. Lender, 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 4 contracts

Samples: Subsidiary Guaranty (Applied Digital Solutions Inc), Subsidiary Guaranty (Sequiam Corp), Subsidiary Guaranty (Digital Angel Corp)

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Payments from Guarantors. The Lender, 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 guarantorsGuarantors, 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 (Host America Corp)

Payments from Guarantors. Lender, 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 (Dyntek Inc)

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Payments from Guarantors. LenderThe Lenders, in its 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 guarantorsGuarantors, 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 (Corgenix Medical Corp/Co)

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