Certain Rights Regarding Collateral and Liabilities. (a) The Company may from time to time, whether before or after any of the Liabilities shall become due and payable, without notice to the Trust, to the extent otherwise permitted (i) retain or obtain a security interest in the Collateral, to secure payment and performance of any of the Liabilities, (ii) retain or obtain the primary or secondary liability of any party or parties, in addition to the Trust, with respect to any of the Liabilities, (iii) extend or renew for any period (whether or not longer than the original period) or exchange any of the Liabilities or release or compromise any obligation of any nature of any party with respect thereto, and (iv) surrender, release or exchange all or any part of any property, in addition to the Collateral, securing payment and performance of any of the Liabilities, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect to any such property.
Appears in 8 contracts
Samples: Share Pledge Agreement (River Valley Bancorp), Share Pledge Agreement (Third Century Bancorp), Exempt Loan and Share Purchase Agreement (Union Community Bancorp)
