Application of Cash. At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.
Appears in 23 contracts
Sources: Commercial Pledge and Security Agreement (Black Ridge Oil & Gas, Inc.), Business Loan Agreement (Landmark Bancorp Inc), Pledge Agreement (Granite Falls Energy, LLC)
Application of Cash. At Lender's ’s option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.
Appears in 17 contracts
Sources: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement
Application of Cash. At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or of such portion thereof as Lender shall choose, whether or not matured.
Appears in 2 contracts
Sources: Commercial Pledge Agreement (LSB Industries Inc), Commercial Pledge and Security Agreement (Williams Francis M)
Application of Cash. At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, retirement of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.
Appears in 1 contract
Sources: Commercial Pledge and Security Agreement (Penn Octane Corp)
Application of Cash. At Lender's ’s option, Lender may apply any cash, whether included in the Collateral or received as Income income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.
Appears in 1 contract
Application of Cash. At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidationliquidations, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness indebtedness or such portion thereof as Lender shall choose, whether or not matured.
Appears in 1 contract
Sources: Commercial Pledge Agreement (Osborne Richard M Trust)