Common use of BANK’S RIGHTS Clause in Contracts

BANK’S RIGHTS. The Borrowers agree that nothing contained in this Supplement A (a) shall be construed as the Bank's agreement to resort or look to a particular type or item of Collateral as security for any specific Loan or advance or in any way limit the Bank's right to resort to any or all of the Collateral as security for any of the obligations, (b) shall be deemed to limit or reduce any lien on or any security interest in or upon any portion of the Collateral or other security for the Obligations or (c) shall supersede Section 2.10 of the Loan Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Enstar Inc), Loan and Security Agreement and Waiver (Enstar Inc), Loan and Security Agreement and Waiver (Enstar Inc)

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BANK’S RIGHTS. The Borrowers agree Borrower agrees that nothing contained in this Supplement A (a) shall be construed as the Bank's agreement to resort or look to a particular type or item of Collateral as security for any specific Loan or advance or in any way limit the Bank's right to resort to any or all of the Collateral as security for any of the obligations, (b) shall be deemed to limit or reduce any lien on or any security interest in or upon any portion of the Collateral or other security for the Obligations or (c) shall supersede Section 2.10 of the Loan Agreement.,

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Enstar Inc)

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BANK’S RIGHTS. The Borrowers agree Borrower agrees that nothing contained in this Supplement A (a) shall be construed as the Bank's agreement to resort or look to a particular type or item of Collateral as security for any specific Loan or advance or in any way limit the Bank's right to resort to any or all of the Collateral as security for any of the obligations, (b) shall be deemed to limit or reduce any lien on or any security interest in or upon any portion of the Collateral or other security for the Obligations or (c) shall supersede Section 2.10 of the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Enstar Inc)

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