Common use of Dealing with the Securities Clause in Contracts

Dealing with the Securities. (a) Oak Street shall not be obliged to exhaust its recourse against the Guarantor or any other person or against any other security it may hold in respect of the Obligations before realizing upon or otherwise dealing with the Securities in such manner as Oak Street may consider desirable. (b) Oak Street may grant extensions or other indulgences, take and give up security, accept compositions, grant releases and discharges and otherwise deal with the Guarantor and with other persons, sureties or security as it may see fit without prejudice to the Obligations, the liability of the Guarantor or the rights of Oak Street in respect of the Securities. (c) Oak Street shall not be (i) liable or accountable for any failure to collect, realize or obtain payment in respect of the Securities, (ii) bound to institute proceedings for the purpose of collecting, enforcing, realizing or obtaining payment of the Securities or for the purpose of preserving any rights of any persons, (iii) responsible for any loss occasioned by any sale or other dealing with the Securities or by the retention of or failure to sell or otherwise deal with the Securities, or (iv) bound to protect the Securities from depreciating in value or becoming worthless.

Dealing with the Securities. (a1) Oak Street The Lender shall not be obliged to exhaust its their recourse against the Guarantor Borrower, the Corporation or any other person or against any other security it they may hold in respect of the Obligations before realizing upon or otherwise dealing with the Securities in such manner as Oak Street the Lender may consider desirable. (b2) Oak Street The Lender may grant extensions or other indulgences, take and give up security, accept compositions, grant releases and discharges and otherwise deal with the Guarantor Corporation and with other persons, sureties or security as it they may see fit without prejudice to the Obligations, the liability of the Guarantor Corporation or the rights of Oak Street the Lender in respect of the Securities. (c3) Oak Street The Lender shall not be be: (i) liable or accountable for any failure to collect, realize or obtain payment in respect of the Securities, ; (ii) bound to institute proceedings for the purpose of collecting, enforcing, realizing or obtaining payment of the Securities or for the purpose of preserving any rights of any persons, ; (iii) responsible for any loss occasioned by any sale or other dealing with the Securities or by the retention of or failure to sell or otherwise deal with the Securities, ; or (iv) bound to protect the Securities from depreciating in value or becoming worthless.