SECURITY INTEREST; SETOFF. In order to further secure the payment of the Obligations, Guarantor hereby grants to Lender a security interest in and right of setoff against all of Guarantor’s presently owned or hereafter acquired monies, items, credits, deposits and instruments (including certificates of deposit) presently or hereafter in the possession of Lender. Lender may exercise its right of setoff without prior notice to Guarantor. The Lender shall not be liable for the dishonor of any items that may result from Lender’s exercise of any of its rights under this paragraph.
Appears in 6 contracts
Samples: Continuing Guaranty (AAC Holdings, Inc.), Continuing Guaranty (AAC Holdings, Inc.), Continuing Guaranty (AAC Holdings, Inc.)
