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 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 8 contracts

Samples: Loan and Security Agreement (Petroleum Place Inc), Loan and Security Agreement (Intellicell Corp), Loan and Security Agreement (LSB Industries Inc)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein in this Agreement of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Matria Healthcare Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The ---------------------------------------------------- enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the any Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The ---------------------------------------------------- enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Environmental Group International LTD)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 To the extent permitted by law, the Lender may, without limitation, proceed directly against the Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Bridge Loan and Security Agreement (Incomnet Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against any or all of the Borrower Borrowers to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Outlook Group Corp)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Lender's ’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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Film Department Holdings, Inc.)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower to collect correct the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Security Agreement (Strouds Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the Lender's ’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 Lender may have under the UCC Code or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against any or all of the Borrower Pledgors to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Remedytemp Inc)

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of the 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 Lender may have under the UCC or other applicable law. The Lender shall have the right, in 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 Lender may, without limitation, proceed directly against the Borrower Borrowers to collect the Obligations without any prior recourse to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (California Microwave Inc)

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