Common use of Enforcement of Guaranty Clause in Contracts

Enforcement of Guaranty. In no event shall Lender have any obligation (although it is entitled, at its option) to proceed against Borrower or any Collateral pledged to secure Obligations before seeking satisfaction from the Guarantor, and Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s rights hereunder, to exercise any right or remedy which they may have against any Collateral, as a result of any lien it may have as security for all or any portion of the Obligations.

Appears in 2 contracts

Samples: Guaranty (Biodelivery Sciences International Inc), Guaranty (Biodelivery Sciences International Inc)

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Enforcement of Guaranty. In no event shall Lender have any obligation (although it is entitled, at its option) to proceed against Borrower Borrower, any other guarantor, or any other Person, or any Collateral pledged to secure Obligations before seeking satisfaction from the Guarantor, and . Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s 's rights hereunder, to exercise any right or remedy which they it may have against any Collateral, Collateral as a result of any lien Lien it may have as security for the Obligations, or any other right it may have under the Loan Documents, or against any other guarantor of the Obligations, for all or any portion of the Guaranteed Obligations.

Appears in 2 contracts

Samples: Payment Guaranty and Subordination Agreement (Cr Resorts Capital S De R L De C V), Payment Guaranty and Subordination Agreement (Cr Resorts Capital S De R L De C V)

Enforcement of Guaranty. In no event shall Lender have any obligation (although it is entitled, at its option) to proceed against any Borrower or any other Credit Party or any Collateral pledged to secure Guaranteed Obligations before seeking satisfaction from any or all of the GuarantorGuarantors, and Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Asta Funding Inc)

Enforcement of Guaranty. In no event shall the Lender have any obligation (although it is entitled, at its option) to proceed against the Borrower or any other Loan Party or any Collateral pledged to secure the Guaranteed Obligations before seeking satisfaction from any or all of the GuarantorGuarantors, and the Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of the Lender’s rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Credit Agreement (iFresh Inc)

Enforcement of Guaranty. In no event shall Lender have any obligation (although it Lender is entitled, at its option) to proceed against Borrower or any Collateral other Person or any real or personal property pledged to secure Obligations the Indebtedness before seeking satisfaction from the Guarantor, and Lender may proceed, prior or subsequent to, or simultaneously simul taneously with, the enforcement of Lender’s 's rights hereunder, to exercise any right or remedy which they it may have against any Collateral, property as a result of any lien Lien it may have as security for all or any portion of the ObligationsIndebtedness.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Metro Tel Corp)

Enforcement of Guaranty. In no event shall the Lender have any obligation (although it is entitled, at its option) to proceed against the Borrower or any Collateral pledged to secure the Guaranteed Obligations before seeking satisfaction from the Guarantor, and the Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of the Lender’s rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Seacastle Inc.)

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Enforcement of Guaranty. In no event shall Lender have any obligation (although it is entitled, at its option) to proceed against any Borrower or any other Credit Party or any Collateral pledged to secure Guaranteed Obligations before seeking satisfaction from any or all of the GuarantorGuarantors, and Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s 's rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cellstar Corp)

Enforcement of Guaranty. In no event shall Lender have any obligation (although it is entitled, at its option) to proceed against Borrower Borrower, any Guarantor or any other Credit Party or any Collateral pledged to secure Guaranteed Obligations before seeking satisfaction from any or all of the GuarantorGuarantors, and Lender may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Newtek Business Services Inc)

Enforcement of Guaranty. In no event shall Lender the Noteholder have any obligation (although it is entitled, at its option) to proceed against the Borrower or any of its affiliate or any Collateral pledged to secure Guaranteed Obligations before seeking satisfaction from any or all of the GuarantorGuarantors, and Lender the Noteholder may proceed, prior or subsequent to, or simultaneously with, the enforcement of Lender’s the Noteholder's rights hereunder, to exercise any right or remedy which they it may have against any Collateral, as a result of any lien Lien it may have as security for all or any portion of the Guaranteed Obligations.

Appears in 1 contract

Samples: Termination Agreement (Eott Energy Partners Lp)

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