Common use of Delays and Omissions Clause in Contracts

Delays and Omissions. No delay or omission by the Bank in exercising any right or remedy hereunder or with respect to the Credit Loan shall operate as a waiver thereof or of any other right or remedy, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right or remedy. The Bank may remedy any default by Borrower hereunder or with respect to the Credit Loan in any reasonable manner without waiving the default remedied and without waiving any other prior or subsequent default by Borrower, and shall be reimbursed for its expenses in so remedying such default. All rights and remedies of the Bank hereunder, under the Note and the Other Security Documents, under any other agreement and otherwise are cumulative; if any provision of this Agreement is inconsistent with any provision of any other agreement between the Bank and Borrower, the provisions of this Agreement shall control.

Appears in 4 contracts

Samples: Credit Loan Agreement (Griffin Industrial Realty, Inc.), Credit Loan Agreement (Griffin Land & Nurseries Inc), Credit Loan Agreement (Griffin Land & Nurseries Inc)

AutoNDA by SimpleDocs

Delays and Omissions. No delay or omission by the Bank Lender in exercising any right or remedy hereunder or with respect to the Credit Loan shall operate as a waiver thereof or of any other right or remedy, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right or remedy. The Bank Lender may remedy any default by Borrower hereunder or with respect to the Credit Loan in any reasonable manner without waiving the default remedied and without waiving any other prior or subsequent default by Borrower, and shall be reimbursed for its expenses in so remedying such default. All rights and remedies of the Bank Lender hereunder, under the Note and the Other Security Documents, under any other agreement and otherwise are cumulative; if any provision of this Agreement is inconsistent with any provision of any other agreement between the Bank Lender and Borrower, the provisions of this Agreement shall control.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Teknik Digital Arts Inc.), Revolving Credit Agreement (Renegy Holdings, Inc.), Revolving Credit Agreement (Teknik Digital Arts Inc.)

AutoNDA by SimpleDocs

Delays and Omissions. No course of dealing and no delay or omission by the Bank in exercising any right or remedy hereunder or with respect to the Credit Loan any Indebtedness shall operate as a waiver thereof or of any other right or remedy, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right or remedy. The Bank may remedy any default by Borrower the Applicant hereunder or with respect to the Credit Loan any other person, firm or corporation in any a reasonable manner without waiving the default remedied and without waiving any other prior or subsequent default by Borrower, the Applicant and shall be reimbursed for its expenses in so remedying such default. All rights and remedies of the Bank hereunder, under the Note hereunder are cumulative and the Other Security Documents, under shall be in addition to any other agreement and otherwise are cumulative; if remedy given under this Letter of Credit Reimbursement Agreement, any provision of this Agreement is inconsistent with any provision of any other agreement between the Bank and BorrowerBond Document or Collateral Document, the provisions of this Agreement shall controlor now or hereafter existing at law or in equity or by statute.

Appears in 1 contract

Samples: Reimbursement Agreement (Astronics Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.