Common use of Cumulative Remedies; No Prior Recourse to Collateral Clause in Contracts

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee may have under the UCC, other applicable law or the Indenture Documents. The Collateral Agent and the Trustee shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trustee, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 8 contracts

Samples: Collateral Agreement (Quotient LTD), Collateral Agreement (Egalet Corp), Security Agreement (Bloom Energy Corp)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 5 contracts

Samples: Loan and Security Agreement (Consolidated Freightways Corp), Loan and Security Agreement (Strategic Distribution Inc), Loan and Security Agreement (Merisel Inc /De/)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 4 contracts

Samples: Loan and Security Agreement (Metals Usa Inc), Loan and Security Agreement (Metals Usa Inc), Loan and Security Agreement (Metals Usa Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trusteeeach Lender’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Advanced Micro Devices Inc), Term Loan Agreement (Spansion Inc.), Term Loan Agreement (Advanced Micro Devices Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee may have under the UCC, other applicable law or the Indenture Documents. The Collateral Agent and the Trustee shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trustee, any right, remedy, power, power or privilege hereunder, hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 3 contracts

Samples: Collateral Agreement (Aquestive Therapeutics, Inc.), Collateral Agreement (Aquestive Therapeutics, Inc.), Collateral Agreement (Vivus Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor or all of the Loan Parties to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hills Stores Co /De/), Loan and Security Agreement (Hills Stores Co /De/)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise exer- cise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Loan and Security Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (United States Leather Inc /Wi/)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral each Agent’s and the Trusteeeach other Secured Party’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent Agents and the Trustee other Secured Parties may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent Agents and the Trustee other Secured Parties shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent Agents and the Trustee other Secured Parties may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral an Agent or the Trusteeany other Secured Party, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 2 contracts

Samples: Loan and Security Agreement (FLAG INTERMEDIATE HOLDINGS Corp), Loan and Security Agreement (Metals Usa Holdings Corp.)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee may have under the UCC, other applicable law or the other Indenture Documents. The Collateral Agent and the Trustee shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trustee, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 2 contracts

Samples: Collateral Agreement (Vickers Vantage Corp. I), Collateral Agreement (Sorrento Therapeutics, Inc.)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, when an Event of Default exists, proceed directly against the Borrower or any Person liable therefor other Loan Party to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Riddell Sports Inc), Guaranty and Security Agreement (Riddell Sports Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s Secured Party's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Secured Party may have under any other Loan Document or under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Secured Party shall have the right, in their its sole discretion, to determine which rights and remedies are to be exercised by the Secured Party and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent Following (i) the occurrence and during the Trustee continuance of an Event of Default and (ii) the acceleration of the debt evidenced by the Note, the Secured Party may, without limitation, proceed directly against any Person liable therefor the Debtor to collect the Obligations without any prior recourse to the Collateral, or any other obligor on the Obligations. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the TrusteeSecured Party, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Security Agreement (Interiors Inc), Security Agreement (Interiors Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral, the Pledged Collateral or the Guarantor Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Loan and Security Agreement (LDM Technologies Inc), Loan and Security Agreement (LDM Technologies Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrowers to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mercury Finance Co), Loan and Security Agreement (Waxman Industries Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor or all of the Borrowers or other Acme Parties to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Pentacon Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral each Agent’s and the Trusteeeach Lender’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent Agents and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent Agents and the Trustee Lenders shall have the right, in their sole reasonable discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent Agents and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral any Agent or the Trusteeany Lender, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (EveryWare Global, Inc.)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against the Borrower or any other Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower or other Loan Parties to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Gt Bicycles Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s Secured Party's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Secured Party may have under any other Loan Document or under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Secured Party shall have the right, in their its sole discretion, to determine which rights and remedies are to be exercised by the Secured Party and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent Following (i) the occurrence and during the Trustee continuance of an Event of Default and (ii) the acceleration of the debt evidenced by the Note, the Secured Party may, without limitation, proceed directly against any Person liable therefor the Grantors to collect the Obligations without any prior recourse to the Collateral, or any other obligor on the Obligations. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the TrusteeSecured Party, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Security Agreement (Interiors Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration ---------------------------------------------------- herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Agribiotech Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral each Agent’s and the Trusteeeach Lender’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent Agents and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent Agents and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent Agents and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral an Agent or the Trusteeany Lender, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals USA Plates & Shapes Southcentral, Inc.)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders 77 may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral, the Pledged Collateral or the Guarantor Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Term Loan and Security Agreement (LDM Technologies Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.. LOAN AND SECURITY AGREEMENT - Page 112 120

Appears in 1 contract

Samples: Loan and Security Agreement (Parker Drilling Co /De/)

Cumulative Remedies; No Prior Recourse to Collateral. The ---------------------------------------------------- enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Each of Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration ---------------------------------------------------- herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Each of Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor Borrower or any other Loan Party to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Southern Energy Homes Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against the Borrower or any other Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.. 140

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor a Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against the Borrower or any other Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.. 133

Appears in 1 contract

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the Trustee’s Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lender may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lender shall have the right, in their its sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lender may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the TrusteeLender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration -------------------------------------------------------- herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor the Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Micro Devices Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s and the TrusteeAgent’s rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Agent may have under the UCC, other applicable law or the Indenture Loan Documents. The Collateral Agent and the Trustee Agent shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Agent and the Trustee Agent may, without limitation, proceed directly against any Person liable therefor to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the TrusteeAgent, any right, remedy, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

Appears in 1 contract

Samples: Collateral Agreement (Egalet Corp)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any othersother, all of which shall be cumulative. The Collateral Agent and the Trustee Lenders may, without limitation, proceed directly against each or any Person liable therefor Borrower to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Collateral Administrative Agent’s 's and the Trustee’s each Lender's rights and remedies is not intended to be exclusive, and such rights and remedies are in addition to and not by way of limitation of any other rights or remedies that the Collateral Administrative Agent and the Trustee Lenders may have under the UCC, UCC or other applicable law or the Indenture Documentslaw. The Collateral Administrative Agent and the Trustee Lenders shall have the right, in their sole discretion, to determine which rights and remedies are to be exercised and in which order. The exercise of one right or remedy shall not preclude the exercise of any others, all of which shall be cumulative. The Collateral Administrative Agent and the Trustee Lenders may, without limitation, proceed directly against any Person liable therefor or all of the Credit Parties to collect the Obligations without any prior recourse to the Collateral. No failure to exercise and no delay in exercising, on the part of the Collateral Administrative Agent or the Trusteeany Lender, any right, remedy, power, power or privilege hereunder, shall operate as a waiver thereof, ; nor shall any single or partial exercise of any right, remedy, power, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, power or privilege.

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

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