Common use of Secured Party’s Rights to Release Obligors; etc Clause in Contracts

Secured Party’s Rights to Release Obligors; etc. Secured Party may take or release other security, may release any party primarily or secondarily liable for any Secured Obligations or other indebtedness to Secured Party, may grant extensions, renewals or indulgences with respect to such Secured Obligations or other indebtedness and may apply any other security therefor held by Secured Party to the satisfaction of such Secured Obligations or other indebtedness, all without prejudice to any of Secured Party’s rights under this Agreement.

Appears in 14 contracts

Samples: Security Agreement (Egpi Firecreek, Inc.), Amended and Restated Security Agreement (Future Now Group Inc.), Security Agreement (Dinewise, Inc.)

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Secured Party’s Rights to Release Obligors; etc. Secured Party may take or release other security, may release any party primarily or secondarily liable for any Secured Obligations or other indebtedness to Secured Party, may grant extensions, renewals or indulgences with respect to such Secured Obligations or other indebtedness and may apply any other security therefor held by Secured Party to the satisfaction of such Secured Obligations or other indebtedness, all without prejudice to any of Secured Party’s 's rights under this Agreement.

Appears in 1 contract

Samples: Security Agreement (Wallersutton 2000 Lp)

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