Common use of Cumulative Rights and No Waiver Clause in Contracts

Cumulative Rights and No Waiver. Each and every right granted to the Collateral Agent and the Secured Parties, and each of them, hereunder or under any other document delivered under or in connection with the Credit Agreement or the Note Agreement, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of the Collateral Agent or the Secured Parties, or any of them, to exercise, and no delay in exercising any right, shall operate as a waiver thereof, nor shall any single or partial exercise by the Collateral Agent or the Secured Parties, or any of them, of any right preclude any other or future exercise thereof or the exercise of any other right.

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (Trex Co Inc), Security Agreement (Trex Co Inc)

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Cumulative Rights and No Waiver. Each and every right granted to the Collateral Agent and the Secured Parties, and each of them, hereunder or under any other document delivered under or in connection with the Credit Agreement or the Note Agreement, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of the Collateral Agent or the Secured Parties, or any of them, to exercise, and no delay in exercising any right, shall operate as a waiver thereof, nor shall any single or partial exercise by the Collateral Agent or the Secured Parties, or any of them, of any right preclude any other or future exercise thereof or the exercise of any other right.

Appears in 2 contracts

Samples: Security Agreement, Ip Security Agreement (Trex Co Inc)

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Cumulative Rights and No Waiver. Each and every right granted to the Administrative Agent, the Collateral Agent Agents and the Secured Parties, and each of them, hereunder or under any other document delivered under or in connection with the Credit Agreement or the Note Agreement, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of the Administrative Agent, the Collateral Agent Agents or the Secured Parties, or any of them, to exercise, and no delay in exercising any right, shall operate as a waiver thereof, nor shall any single or partial exercise by the Administrative Agent, the Collateral Agent Agents or the Secured Parties, or any of them, of any right preclude any other or future exercise thereof or the exercise of any other right.

Appears in 1 contract

Samples: Ip Security Agreement (Trex Co Inc)

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