Common use of Cumulative Remedies; No Waivers by Pledgee Clause in Contracts

Cumulative Remedies; No Waivers by Pledgee. All rights, powers and remedies of the Pledgee (i) under this Pledge Agreement, the Note, and the other Loan Documents, and (ii) under the Code and other applicable law, are cumulative and except as otherwise provided by law or in such agreements may be exercised concurrently or in any order of succession. Pledgee’s failure to exercise or delay in exercising any of such rights, powers and remedies shall not constitute or imply a waiver thereof, nor shall Pledgee’s single or partial exercise of any such right, power or remedy preclude its other or further exercise thereof, or the exercise of any other right, power or remedy. Pledgee’s cure of any Event of Default shall not constitute a waiver thereof, and its waiver of one Event of Default shall not constitute a waiver of any subsequent Event of Default.

Appears in 2 contracts

Samples: Pledge and Security Agreement (First Albany Companies Inc), Pledge and Security Agreement (First Albany Companies Inc)

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Cumulative Remedies; No Waivers by Pledgee. All rights, powers and remedies of the Pledgee (ia) under this Pledge Agreement, the Note, and the other Loan Documents, ; and (iib) under the Code UCC and other applicable law, are cumulative and except as otherwise expressly provided by law or in such agreements may be exercised concurrently or in any order of succession. Pledgee’s failure to exercise or delay in exercising any of such rights, powers and remedies shall not constitute or imply a waiver thereof, nor shall Pledgee’s single or partial exercise of any such right, power or remedy preclude its other or further exercise thereof, or the exercise of any other right, power or remedy. Pledgee’s cure of any Event of Default shall not constitute a waiver thereof, and its waiver of one Event of Default shall not constitute a waiver of any subsequent Event of Default.

Appears in 2 contracts

Samples: Secured Super Priority Credit Agreement (Sco Group Inc), Secured Super Priority Credit Agreement (Sco Group Inc)

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Cumulative Remedies; No Waivers by Pledgee. All rights, powers and remedies of the Pledgee (i) under this Pledge Agreement, the Note, Agreement and the other Loan Documents, and (ii) under the Code and other applicable law, are cumulative and except as otherwise provided by law or in such agreements may be exercised concurrently or in any order of succession. Pledgee’s failure to exercise or delay in exercising any of such rights, powers and remedies shall not constitute or imply a waiver thereof, nor shall Pledgee’s single or partial exercise of any such right, power or remedy preclude its other or further exercise thereof, or the exercise of any other right, power or remedy. Pledgee’s cure of any Event of Default shall not constitute a waiver thereof, and its waiver of one Event of Default shall not constitute a waiver of any subsequent Event of Default.

Appears in 1 contract

Samples: Membership Interest Pledge Agreement (Metrospaces, Inc.)

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