Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 14 contracts
Sources: Loan and Security Agreement (Praegitzer Industries Inc), Loan and Security Agreement (Medley Credit Acceptance Corp), Loan and Security Agreement (Arv Assisted Living Inc)
Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole discretion, in accordance with the Loan Documents and applicable law, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 2 contracts
Sources: Loan and Security Agreement (Digital Solutions Inc), Loan and Security Agreement (Digital Solutions Inc)
Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole discretionPermitted Discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 2 contracts
Sources: Loan and Security Agreement (Nstor Technologies Inc), Loan and Security Agreement (Revenge Marine Inc)
Collateral Security. The Obligations shall constitute one loan secured by ------------------- the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 1 contract
Sources: Loan and Security Agreement (Avery Communications Inc)
Collateral Security. The Obligations shall constitute one loan ------------------- secured by the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 1 contract
Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) after providing Borrower notice of the occurrence of an Event of Default, settle, compromise, enforce, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 1 contract
Sources: Loan and Security Agreement (Automotive One Parts Stores Inc)
Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole reasonable discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any reasonable manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 1 contract
Sources: Secured Revolving Credit Note (Diamond Multimedia Systems Inc)
Collateral Security. The Obligations shall constitute one loan secured by ------------------- the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) Upon the occurrence and confirmation of an Event of Default, settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.
Appears in 1 contract
Sources: Loan and Security Agreement (Cumetrix Data Systems Corp)
Collateral Security. The Obligations shall constitute one loan secured by the Collateral. FINOVA may, in its sole discretion, (i) exchange, enforce, waive or release any of the Collateral, (ii) apply Collateral and direct the order or manner of sale thereof as it may determine, and (iii) settle, compromise, collect or otherwise liquidate any Collateral in any manner without affecting its right to take any other action with respect to any other Collateral.. -------------------
Appears in 1 contract
Sources: Loan and Security Agreement (Play Co Toys & Entertainment Corp)