Common use of Certain Miscellaneous Provisions Clause in Contracts

Certain Miscellaneous Provisions. No modification or waiver by the Lender of any of the terms of this Note shall be valid or binding on the Lender unless such modification or waiver is in writing and signed by the Lender. Without limiting the generality of the preceding sentence, no delay, omission or forbearance by the Lender in exercising or enforcing any of its rights and remedies under this Note shall constitute a waiver of such rights or remedies. The Lender's rights and remedies under this Note are cumulative with and in addition to all other legal and equitable rights and remedies which the Lender may have in connection with the Loan. The headings of paragraphs of this Note are for convenience of the parties only and shall not be used in interpreting this Note. If this Note is lost, stolen, or destroyed, upon Borrower's receipt of a reasonably satisfactory indemnification agreement executed by the Lender, or if this Note is mutilated, upon the Lender's surrender of the mutilated Note to Borrower, Borrower shall execute and deliver to Lender a new promissory note which is identical in form and content to this Note to replace the lost, stolen, destroyed or mutilated Note. All terms with an initial capital letter which are used but not specifically defined in this Note shall have the respective meanings given to such terms in the Security Agreement. Time is of the essence in the performance of each provision of this Note by Borrower. This Note is non-revolving. AT THE OPTION OF LENDER, THIS NOTE MAY BE ENFORCED IN ANY FEDERAL COURT OR SOUTH DAKOTA STATE COURT SITTING IN SIOUX FALLS, SOUTH DAKOTA; AND BORROWER CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES ANY ARGUMENT THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT BORROWER COMMENCES ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP CREATED BY THIS NOTE, LENDER AT ITS OPTION SHALL BE ENTITLED TO HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT PREJUDICE.

Appears in 2 contracts

Samples: Security Agreement (Whetstone Ethanol LLC), Security Agreement (Whetstone Ethanol LLC)

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Certain Miscellaneous Provisions. (a) The section headings or titles appearing in this Sublease are inserted and included solely for convenience and shall never be considered or given any effect in construing this Sublease. All personal pronouns used in this Sublease shall include the other genders whether used in the masculine or feminine or neuter gender, and the singular shall include the plural whenever and as often as may be appropriate. Subject to Section 9 hereof, the covenants and agreements herein contained shall inure to the benefit of and be binding upon Sublandlord, its successors and assigns, and Subtenant, and its permitted and approved successors and assigns. Unless otherwise expressly agreed by Sublandlord, if more than one party is named as Subtenant hereunder, each such party shall be jointly and severally liable for each and every obligation of Subtenant hereunder. (b) Neither payment of rent by Subtenant, nor acceptance of rent by Sublandlord, nor failure by either party to complain of any action, non-action or default of the other party shall constitute a waiver of any aggrieved party's rights hereunder. No waiver or consent to a variation from any provision of this Sublease shall be effective unless made in a written instrument duly executed on behalf of both parties. Waiver by either party of any right with respect to any default of the other party shall not constitute a waiver of any right with respect to either a subsequent default of the same obligation or for any other default. (c) This Sublease represents the entire agreement between the parties hereto with respect to the sublease of the Premises. As between Sublandlord and Subtenant, the terms and conditions of this Sublease shall take precedence with respect to any conflict between the terms and conditions contained herein and the terms and conditions of the Prime Lease. (d) If any term, covenant, condition or provision of this Sublease, or the application thereof to any person or circumstance, shall ever be held to be invalid or unenforceable, then, in each such event, such term, covenant, condition or provision, or the application thereof, to any other person or any other circumstance, shall not be affected, except to the extent held to be invalid or unenforceable, and each term, covenant, condition and provision hereof shall remain valid and enforceable to the fullest extent permitted by law. (e) No amendment, modification or waiver by the Lender of any of the terms discharge of this Note Sublease shall be valid or binding on the Lender unless such modification or waiver is set forth in writing and signed duly executed by or on behalf of both parties. (f) This Sublease, the Lender. Without limiting the generality rights and obligations of the preceding sentenceparties hereto, no delayand any claims or disputes relating thereto, omission shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia (but not including the choice of law rules thereof). (g) Each party hereto represents and warrants that it is in good standing in the jurisdiction where it is organized, that the execution of this Sublease has been duly authorized by all necessary partnership or forbearance by corporate actions (as appropriate), and that the Lender person executing this Sublease on behalf of such party has the power and authority to execute it on behalf of such party and that this Sublease is a valid and binding obligation of such party. (h) This Sublease may be executed in exercising or enforcing any number of its rights and remedies under this Note counterparts which, when taken together, shall constitute a waiver of such rights or remedies. The Lender's rights and remedies under this Note are cumulative with and in addition to all other legal and equitable rights and remedies which the Lender may have in connection with the Loan. The headings of paragraphs of this Note are for convenience of the parties only and shall not be used in interpreting this Note. If this Note is lostsingle, stolen, or destroyed, upon Borrower's receipt of a reasonably satisfactory indemnification agreement executed by the Lender, or if this Note is mutilated, upon the Lender's surrender of the mutilated Note to Borrower, Borrower shall execute and deliver to Lender a new promissory note which is identical in form and content to this Note to replace the lost, stolen, destroyed or mutilated Note. All terms with an initial capital letter which are used but not specifically defined in this Note shall have the respective meanings given to such terms in the Security Agreement. Time is of the essence in the performance of each provision of this Note by Borrower. This Note is non-revolving. AT THE OPTION OF LENDER, THIS NOTE MAY BE ENFORCED IN ANY FEDERAL COURT OR SOUTH DAKOTA STATE COURT SITTING IN SIOUX FALLS, SOUTH DAKOTA; AND BORROWER CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES ANY ARGUMENT THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT BORROWER COMMENCES ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP CREATED BY THIS NOTE, LENDER AT ITS OPTION SHALL BE ENTITLED TO HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT PREJUDICEbinding instrument.

Appears in 1 contract

Samples: Sublease Agreement (Orbcomm Global L P)

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Certain Miscellaneous Provisions. Failure to exercise any option provided herein shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. No modification or waiver by the Lender of any of the terms of this Note shall be valid or binding on the Lender unless such modification or waiver is in writing and signed by the LenderXxxxxx. Without limiting the generality of the preceding sentence, no delay, omission or forbearance by the Lender Xxxxxx in exercising or enforcing any of its rights and remedies under this Note shall constitute a waiver of such rights or remedies. The LenderXxxxxx's rights and remedies under this Note are cumulative with and in addition to all other legal and equitable rights and remedies which the Lender may have in connection with the Loan. The headings of paragraphs of this Note are for convenience of the parties only and shall not be used in interpreting this Note. If this Note is lost, stolen, or destroyed, upon BorrowerXxxxxxxx's receipt of a reasonably satisfactory indemnification agreement executed by the LenderXxxxxx, or if this Note is mutilated, upon the LenderXxxxxx's surrender of the mutilated Note to Borrower, Borrower shall execute and deliver to Lender a new promissory note which is identical in form and content to this Note to replace the lost, stolen, destroyed or mutilated Note. All terms with an initial capital letter which are used but not specifically defined in this Note shall have the respective meanings given to such terms in the Security Agreement. Time is of the essence in the performance of each provision of this Note by Borrower. This Note is non-revolvingXxxxxxxx. AT THE OPTION OF LENDER, THIS NOTE MAY BE ENFORCED IN ANY FEDERAL COURT OR SOUTH DAKOTA STATE COURT SITTING IN SIOUX FALLS, SOUTH DAKOTA; AND BORROWER CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES ANY ARGUMENT THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT BORROWER COMMENCES ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP CREATED BY THIS NOTE, LENDER AT ITS OPTION SHALL BE ENTITLED TO HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT PREJUDICE. BORROWER AND XXXXXX EACH IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR ANY OF THE LOAN DOCUMENTS (AS DEFINED IN THE LOAN AGREEMENT) OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

Appears in 1 contract

Samples: Promissory Note (Whetstone Ethanol LLC)

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