Common use of Preservation of Property Clause in Contracts

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor pledged to Bank to secure Guarantor's obligations against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor or Bank therein, (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of Guarantor, (c) compromise and settle with any person liable on such property, or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantor.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor pledged to Bank to secure Guarantor's obligations obligation against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights right of Guarantor or Bank therein, (b) demand, sue forxxx, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of Guarantor, (c) compromise and settle with any person liable on such property, or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantor.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor Guarantors pledged to Bank to secure Guarantor's Guarantors' obligations against prior parties who may be liable in connection therewith, and Guarantor Guarantors hereby agrees agree to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor Guarantors or Bank therein, (b) demand, sue xxx for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of GuarantorGuarantors, (c) compromise and settle with any person liable on such property, or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorGuarantors.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor pledged to Bank to secure Guarantor's obligations against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor or Bank therein, (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable recexxxble on account of or in exchange for any property of Guarantor, (c) compromise and settle with any person liable on such property, or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantor. 26. 27.

Preservation of Property. The Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor Collateral pledged to the Bank to secure Guarantor's obligations the Obligations against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. The Bank, nevertheless, at any time, time may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Borrower and/or Guarantor or the Bank therein, ; (b) demand, sue xxx for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of Guarantor, Collateral pledged to the Bank to secure the Obligations; (c) compromise and settle with any person liable on such property, Collateral; or (d) upon notice to Guarantor, extend the time of payment or otherwise change the terms of under the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorGuarantor hereunder.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of any Guarantor pledged to Bank to secure any Guarantor's obligations against prior parties who may be liable in connection therewith, and each Guarantor hereby agrees to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor Guarantors or Bank therein, (b) demand, sue xxx for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of any Guarantor, (c) compromise and settle with any person liable on such property, or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of any Guarantor.

Preservation of Property. Bank Lender shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor pledged to Bank Lender to secure Guarantor's ’s obligations against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. BankLender, nevertheless, at any time, may may: (a) upon written notice take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor or Bank Lender therein, ; (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of Guarantor, ; (c) compromise and settle with any person liable on such property, ; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantor.

Preservation of Property. Bank Lender shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantor pledged to Bank Lender to secure Guarantor's ’s obligations against prior parties who may be liable in connection therewith, and Guarantor hereby agrees to take any such steps. BankLender, nevertheless, at any time, may may: (a) upon written notice take any action it deems appropriate for the care or preservation of such property or of any rights of Guarantor or Bank Lender therein, ; (b) demand, sue xxx for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of Guarantor, ; (c) compromise and settle with any person liable on such property, ; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any part party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantor.