Common use of Election of Remedies for Non-Collateral Property Clause in Contracts

Election of Remedies for Non-Collateral Property. Notwithstanding Lender’s security interest in and to the Collateral, to the extent that the Obligations are now or are hereafter secured by any Property other than the Collateral, or by the guaranty, endorsement, assets or Property of any other Person, Lender shall have the right in Lender’s sole discretion to determine which rights, security, liens, security interests and/or remedies Lender may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Lender’s other rights, security, liens, security interests or remedies with respect to such Property, or any of Lender’s rights or remedies under this Agreement or any other Loan Document.

Election of Remedies for Non-Collateral Property. Notwithstanding Lender’s security interest Lien in and to the Collateral, to the extent that the Obligations are now or are hereafter secured by any Property other than the Collateral, or by the guaranty, endorsement, assets or Property of any other Person, Lender shall have the right in Lender’s sole discretion to determine which rights, remedies, powers, privileges, security, liens, security interests and/or remedies or Liens Lender may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Lender’s other rights, remedies, powers, privileges, security, liens, security interests or remedies Liens with respect to such Property, or any of Lender’s rights rights, remedies, powers or remedies privileges under this Agreement or any other Loan Document.

Election of Remedies for Non-Collateral Property. Notwithstanding Lender’s 's security interest in and to the Collateral, to the extent that the Obligations are now or are hereafter secured by any Property other than the Collateral, or by the guaranty, endorsement, assets or Property of any other Person, Lender shall have the right in Lender’s 's sole discretion to determine which rights, security, security interests, liens, security interests charges, encumbrances and/or remedies Lender may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Lender’s 's other rights, security, security interests, liens, security interests or charges, encumbrances and/or remedies with respect to such Property, or any of Lender’s 's rights or remedies under this Agreement or any other Loan Document.

Election of Remedies for Non-Collateral Property. Notwithstanding Lender’s security interest in and to the Collateral, to the extent that the Obligations are now or are hereafter secured by any Property other than the Collateral, or by the guaranty, endorsement, assets or Property of any other Person, Lender shall have the right in Lender’s sole discretion to determine which rights, security, security interests, liens, security interests charges, encumbrances and/or remedies Lender may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Lender’s other rights, security, security interests, liens, security interests or charges, encumbrances and/or remedies with respect to such Property, or any of Lender’s rights or remedies under this Agreement or any other Loan Document.