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 Guarantors pledged to Bank to secure Guarantors' obligations against prior parties who may be liable in connection therewith, and Guarantors hereby 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 Guarantors or Bank therein, (b) demand, 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 Guarantors, (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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantors.

Preservation of Property. Bank Lender shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Guarantor pledged to Bank Lender to secure Guarantors' Guarantor’s obligations against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Guarantor or Bank Lender therein, ; (b) demand, 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 Guarantors, 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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Guarantor pledged to Bank to secure Guarantors' obligations Guarantor's obligation against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Guarantor or Bank therein, (b) demand, xxx forsue xxx, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property of GuarantorsGuarantor, (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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor.

Preservation of Property. Bank Lender shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Guarantor pledged to Bank Lender to secure Guarantors' Guarantor’s obligations against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Guarantor or Bank Lender therein, ; (b) demand, xxx 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 Guarantors, 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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor.

Preservation of Property. The Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Collateral pledged to the Bank to secure Guarantors' obligations the Obligations against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Borrower and/or Guarantor or the Bank therein, ; (b) demand, 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 Guarantors, 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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor hereunder.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors any Guarantor pledged to Bank to secure Guarantors' any Guarantor's obligations against prior parties who may be liable in connection therewith, and Guarantors each Guarantor hereby agree 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 Guarantors or Bank therein, (b) demand, 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 Guarantorsany 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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of Guarantorsany Guarantor.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Guarantor pledged to Bank to secure Guarantors' Guarantor's obligations against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Guarantor or Bank therein, (b) demand, xxx 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 GuarantorsGuarantor, (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 party part liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor.

Preservation of Property. Bank shall not be bound to take any steps necessary to preserve any rights in any of the property of Guarantors Guarantor pledged to Bank to secure Guarantors' Guarantor's obligations against prior parties who may be liable in connection therewith, and Guarantors Guarantor hereby agree 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 Guarantors Guarantor or Bank therein, (b) demand, xxx 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 GuarantorsGuarantor, (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 party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the obligations or liabilities of GuarantorsGuarantor. 26. 27.