Enforcement by the Lender Sample Clauses
The "Enforcement by the Lender" clause defines the lender's right to take action to recover amounts owed or enforce obligations if the borrower defaults under the agreement. Typically, this clause outlines the steps the lender may take, such as demanding immediate repayment, initiating legal proceedings, or exercising security interests like repossessing collateral. Its core practical function is to provide the lender with clear legal mechanisms to protect their interests and ensure repayment, thereby addressing the risk of borrower non-compliance or default.
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Enforcement by the Lender. The Lender shall have the right at all times to enforce the provisions of this Agreement and all other agreements, documents and instruments required hereunder in strict accordance with their terms, notwithstanding any conduct or custom on the part of the Lender in refraining from doing so at any time or times. The failure of the Lender at any time to enforce any rights under such provisions strictly in accordance with the same shall not be construed as having created a custom in any way or manner contrary to the specific provisions of this Agreement or as having in any way or manner modified or waived the
Enforcement by the Lender. If an Event of Default shall have occurred and be continuing, but subject to Section 9.3:
Enforcement by the Lender. The Lender may enforce, or refrain from enforcing, the security created by any of the Senior Security Documents in accordance with their terms:
10.1 in such manner as it sees fit;
10.2 solely having regard to its interests; and
10.3 without any liability or duty to any of the Subordinated Creditor.
Enforcement by the Lender. The Lender shall have the right at all times to enforce the provisions of this Agreement and all other agreements, documents and instruments required hereunder in strict accordance with their terms, notwithstanding any conduct or custom on the part of the Lender in refraining from doing so at any time or times. The failure of the Lender at any time to enforce any rights under such provisions strictly in accordance with the same shall not be construed as having created a custom in any way or manner contrary to the specific provisions of this Agreement or as having in any way or manner modified or waived the same. All rights and remedies of the Lender are cumulative and the exercise of any one right or remedy shall not be deemed to waive or release any other right or remedy.