Common use of Effect of Additional Security Clause in Contracts

Effect of Additional Security. If the performance of all or any portion of the Obligation shall at any time be secured by any other collateral, the exercise by Secured Party, in the event of a default in the performance of any such obligation, of any right or remedy under any agreement or other record granting a Lien on or security interest in such collateral shall not be construed as or deemed to be a waiver of, or limitation upon, the right of Secured Party to exercise, at any time and from time to time thereafter, any right or remedy under this Agreement or under any other such agreement or record.

Appears in 3 contracts

Samples: Security Agreement (Signal Bay, Inc.), Security Agreement (Signal Bay, Inc.), Security Agreement (Signal Bay, Inc.)

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Effect of Additional Security. If the performance of all or any portion of the Obligation shall at any time be secured by any other collateral, the exercise by the Secured PartyParties, in the event of a default in the performance of any such obligation, of any right or remedy under any agreement or other record granting a Lien lien on or security interest in such collateral shall not be construed as or deemed to be a waiver of, or limitation upon, the right of the Secured Party Parties to exercise, at any time and from time to time thereafter, any right or remedy under this Agreement or under any other such agreement or record.

Appears in 2 contracts

Samples: Security Agreement (Desert Hawk Gold Corp.), Security Agreement (Desert Hawk Gold Corp.)

Effect of Additional Security. If the performance of all or any portion of the Obligation shall at any time be secured by any other collateral, the exercise by the Secured Party, in the event of a default in the performance of any such obligation, of any right or remedy under any agreement or other record granting a Lien lien on or security interest in such collateral shall not be construed as or deemed to be a waiver of, or limitation upon, the right of the Secured Party to exercise, at any time and from time to time thereafter, any right or remedy under this Agreement or under any other such agreement or record.

Appears in 2 contracts

Samples: Security Agreement (IIOT-OXYS, Inc.), Security Agreement (IIOT-OXYS, Inc.)

Effect of Additional Security. If the performance of all or any portion of the Obligation shall at any time be secured by any other collateral, the exercise by Secured Party, in the event of a default in the performance of any such obligation, of any right or remedy under any agreement or other record granting a Lien lien on or security interest in such collateral shall not be construed as or deemed to be a waiver of, or limitation upon, the right of Secured Party to exercise, at any time and from time to time thereafter, any right or remedy under this Agreement or under any other such agreement or record.

Appears in 2 contracts

Samples: Security Agreement (Cyberdefender Corp), Security Agreement (Cyberdefender Corp)

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Effect of Additional Security. If the performance of all or any portion of the Obligation Obligations shall at any time be secured by any other collateral, the exercise by Secured Party, in the event of a default in the performance of any such obligation, of any right or remedy under any agreement or other record granting a Lien lien on or security interest in such collateral shall not be construed as or deemed to be a waiver of, or limitation upon, the right of Secured Party to exercise, at any time and from time to time thereafter, any right or remedy under this Agreement or under any other such agreement or record.

Appears in 1 contract

Samples: Security Agreement (Cyberdefender Corp)

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