Common use of Alternative Collateral Clause in Contracts

Alternative Collateral. If the Borrower selects this option, the Banks shall receive alternative collateral for release of a Borrowing Base Hotel, such alternative collateral to be satisfactory to all of the Banks in their sole and absolute discretion.

Alternative Collateral. If the The Borrower selects this option, the Banks shall receive may offer alternative collateral for release of a Borrowing Base Primary Hotel, . The Banks shall have full discretion over whether such alternative collateral to be satisfactory to all of the Banks in their sole and absolute discretionis satisfactory.