Common use of Payments from Guarantor Clause in Contracts

Payments from Guarantor. After applying any payment from the undersigned or any other guarantors to any shortfall, if any, due pursuant to the Documents, Lender, in its sole and absolute discretion, with or without notice to the undersigned, may apply on account of the Obligations any payment from the undersigned or any other guarantor, or amounts realized from any security for the Obligations, or may deposit any and all such amounts realized in a non-interest bearing cash collateral deposit account to be maintained as security for the Obligations.