Common use of Payments from Guarantors Clause in Contracts

Payments from Guarantors. The Purchasers, 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 2 contracts

Samples: Guaranty (Silicon Mountain Holdings, Inc.), Guaranty (Patients & Physicians, Inc.)

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Payments from Guarantors. The Purchasers, in their sole and absolute discretion, with or without notice to the undersignedGuarantor, may apply on account of the Obligations any payment from the undersigned Guarantor 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 (Axeda Systems Inc)

Payments from Guarantors. The Purchasers, in their sole and absolute discretion, with or without notice to the undersignedGuarantors, may apply on account of the Obligations any payment from the undersigned Guarantors 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 (Axeda Systems Inc)

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Payments from Guarantors. The PurchasersPurchaser Group, in their 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 (Bio Key International Inc)

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