Common use of Release of and Resort to Collateral Clause in Contracts

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Trust Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the Lien or security interest created in or evidenced by this Deed of Trust or its stature as a first and prior Lien and security interest in and to the Trust Property, and without in any way releasing or diminishing the liability of any Person liable for the payment or performance of the Obligations. Beneficiary may resort to any other security for the Obligations held by Trustee or Beneficiary in such manner and order as Beneficiary may elect.

Release of and Resort to Collateral. Beneficiary or Trustee may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Trust Property, any part of the Trust Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the Lien lien or security interest created in or evidenced by this Deed of Trust the Credit Agreement and the other Credit Documents or its stature their status as a first and prior Lien lien and security interest in and to the Trust Property, and without in any way releasing or diminishing the liability of any Person liable for the . For payment or performance of the Obligations. Indebtedness, Beneficiary or Trustee may resort to any other security for the Obligations held by Trustee or Beneficiary in such order and manner and order as Beneficiary or Trustee may elect.

Release of and Resort to Collateral. Beneficiary may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Trust Property, any part of the Trust Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the Lien lien or security interest created in or evidenced by this Deed of Trust the Indebtedness Documents or its stature their status as a first and prior Lien lien and security interest in and to the Trust Property, and without Property second in any way releasing or diminishing priority to the liability Superior Deed of any Person liable for the Trust only. For payment or performance of the Obligations. Indebtedness, Beneficiary may resort to any other security for the Obligations held by Trustee or Beneficiary in such order and manner and order as Beneficiary may elect.