Agent May Exercise Less Than All Rights. Each Pledgor hereby acknowledges and agrees that the Agent is not required to exercise all remedies and rights available to it equally with respect to all of the Collateral, and the Agent may select less than all of the Collateral with respect to which the remedies as determined by the Agent may be exercised.
Appears in 5 contracts
Samples: Security Agreement (Security Devices International Inc.), Security Agreement (Nestor Inc), Subsidiary Pledge Agreement (Nestor Inc)
Agent May Exercise Less Than All Rights. Each Pledgor hereby acknowledges and agrees that the Agent is not required to exercise all remedies and rights available to it equally with respect to all of the Collateral, and the Agent may select less than all of the Collateral with respect to which the remedies as determined by the Agent may be exercised.
Appears in 2 contracts
Samples: Lenfest Pledge Agreement (Lenfest Communications Inc), Security Agreement (Susquehanna Media Co)
Agent May Exercise Less Than All Rights. Each Pledgor hereby acknowledges and agrees that the Agent is not required to exercise all remedies and rights available to it equally with respect to all of the Collateral, and the Agent may select less than all of the Collateral with respect to which the remedies as determined by the Agent may be exercised. Without limiting the generality of the foregoing, the Agent may exercise certain rights with respect to the Collateral of one Pledgor, but not another Pledgor.
Appears in 1 contract
