Common use of Other Security and Guaranties Clause in Contracts

Other Security and Guaranties. Each of the Collateral Agent and the Administrative Agent may, without notice or demand and without affecting the Obligated Parties’ obligations hereunder, from time to time (a) take from any Person and hold collateral (other than the Collateral) for the payment of all or any part of the Obligations and exchange, enforce, or release such collateral or any part thereof and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligations and release or substitute any such endorser or guarantor (other than any Guarantor), or any Person who has given any Lien in any other collateral as security for the payment of all or any part of the Obligations, or any other Person in any way obligated to pay all or any part of the Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ahern Rentals Inc), Loan and Security Agreement (Ahern Rentals Inc)

AutoNDA by SimpleDocs

Other Security and Guaranties. Each of the Collateral Agent and the Administrative Agent The Agent, may, without notice or demand and without affecting the Obligated Parties’ any Borrower's obligations hereunder, from time to time time: (a) take accept from any Person (other than Parent and its Subsidiaries) and hold collateral (other than the Collateral) for the payment of all or any part of the Obligations and exchange, enforce, enforce or release such collateral or any part thereof thereof; and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligations and release or substitute any such endorser or guarantor (other than any Guarantor)guarantor, or any Person who has given any Lien in any other collateral as security for the payment of all or any part of the Obligations, or any other Person in any way obligated to pay all or any part of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Taylor Ann Stores Corp)

Other Security and Guaranties. Each The Agent may, on behalf of the Collateral Agent and the Administrative Agent mayLenders, without notice or demand and without affecting the Obligated Parties’ Borrowers' obligations hereunder, from time to time time: (a) take from any Person other than the Borrowers and/or Subsidiary Guarantor and hold collateral (other than the Collateral) for the payment of all or any part of the Obligations and exchange, enforce, enforce or release such collateral or any part thereof thereof; and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligations and release or substitute any such endorser or guarantor (other than any Subsidiary Guarantor), or any Person who has given any Lien in any other collateral as security for the payment of all or any part of the Obligations, or any other Person in any way obligated to pay all or any part of the Obligations.

Appears in 1 contract

Samples: Penn Traffic Co

Other Security and Guaranties. Each of Subject to any limitations or notice requirements in the Collateral Agent and the Financing Order, Administrative Agent Agent, may, without notice or demand and without affecting the Obligated Parties’ Borrowers' obligations hereunder, from time to time time: (a) take from any Person and hold collateral (other than the Collateral) for the payment of all or any part of the Obligations and exchange, enforce, enforce or release such collateral or any part thereof thereof; and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligations and release or substitute any such endorser or guarantor (other than any Guarantor)guarantor, or any Person who has given any Lien in any other collateral as security for the payment of all or any part of the Obligations, or any other Person in any way obligated to pay all or any part of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Cone Mills Corp)

AutoNDA by SimpleDocs

Other Security and Guaranties. Each of the Collateral Agent and the Administrative Agent or any Lender may, in each case, for the benefit of all other Lenders, without notice or demand and without affecting the Obligated Parties’ Borrower’s obligations hereunder, from time to time time: (a) take from any Person and hold collateral (other than the Collateral) for the payment of all or any part of the Loan Obligations and exchange, enforce, or enforce and release such collateral or any part thereof thereof; and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Loan Obligations and release or substitute any such endorser or guarantor (other than any Guarantor)guarantor, or any Person who has given any Lien Security Interest in any other collateral as security for the payment of all or any part of the Loan Obligations, or any other Person in any way obligated to pay all or any part of the Loan Obligations.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

Time is Money Join Law Insider Premium to draft better contracts faster.