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

Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of Pledgee'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 Pledgee may have under the Loan Agreement, the Loan Documents, the Code, or other applicable law. Pledgee 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.

Appears in 2 contracts

Samples: Security Agreement Stock Pledge (Prospect Medical Holdings Inc), Security Agreement Stock Pledge (Prospect Medical Holdings Inc)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of Pledgee'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 Pledgee may have under the Loan Agreement, the Loan DocumentsCollateral Agreements, the Code, or other applicable law. Pledgee 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.

Appears in 1 contract

Samples: Security Agreement Stock Pledge (RSL Communications PLC)

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Cumulative Remedies; No Prior Recourse to Collateral. The enumeration herein of Pledgee'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 Pledgee may have under the Loan Agreement, the Loan Documents, the Code, or other applicable law. Pledgee 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.

Appears in 1 contract

Samples: Security Agreement (Prospect Medical Holdings Inc)

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