Release of and Resort to Collateral. The release or substitution of all or any part of the Collateral, regardless of consideration, shall not in any way impair, affect, subordinate, or release the Lenders' Liens or their status as first and prior Liens in and to any remaining Collateral. For payment and performance of the Obligations, Lenders may resort to any other security therefor held by a trustee in such order and manner as Required Lenders may elect.
Appears in 7 contracts
Sources: Credit Agreement (Amresco Inc), Loan Agreement (Monarch Dental Corp), Credit Agreement (Amresco Inc)
Release of and Resort to Collateral. The release or ----------------------------------- substitution of all or any part of the Collateral, regardless of consideration, shall not in any way impair, affect, subordinate, or release the Lenders' Liens or their status as first and prior Liens in and to any remaining Collateral. For payment and performance of the Obligations, Lenders may resort to any other security therefor held by a trustee in such order and manner as Required Lenders may elect.
Appears in 1 contract
Sources: Revolving Credit Agreement (Travis Boats & Motors Inc)