Common use of Exercise of Agent’s and Lenders’ Rights Clause in Contracts

Exercise of Agent’s and Lenders’ Rights. Each Borrower hereby authorizes and empowers Agent and Lenders in their sole discretion, without any notice or demand to such Borrower whatsoever and without affecting the liability of such Borrower hereunder, to exercise any right or remedy which Agent or any Lender may have available to them against the other Borrowers.

Appears in 8 contracts

Samples: Loan and Security Agreement (Pcm, Inc.), Loan and Security Agreement (Pc Mall Inc), Loan and Security Agreement (Pc Mall Inc)

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Exercise of Agent’s and Lenders’ Rights. Each Borrower and Guarantor hereby authorizes and empowers Agent and Lenders in their sole discretion, without any notice or demand to such Borrower or Guarantor whatsoever and without affecting the liability of such Borrower or Guarantor hereunder, to exercise any right or remedy which Agent or any Lender may have available to them against the other BorrowersBorrowers and Guarantors.

Appears in 4 contracts

Samples: Loan and Security Agreement (RTW Retailwinds, Inc.), Loan and Security Agreement (New York & Company, Inc.), Loan and Security Agreement (New York & Company, Inc.)

Exercise of Agent’s and Lenders’ Rights. Each Borrower and Guarantor hereby authorizes and empowers Agent and Lenders in their sole discretion, without any notice or demand to such Borrower or Guarantor whatsoever and without affecting the liability of such 152 Borrower or Guarantor hereunder, to exercise any right or remedy which Agent or any Lender may have available to them against the other BorrowersBorrowers and Guarantors.

Appears in 1 contract

Samples: Loan and Security Agreement (New York & Company, Inc.)

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Exercise of Agent’s and Lenders’ Rights. Each Borrower hereby authorizes and empowers Agent and Lenders in their sole discretion, without any notice or demand to such Borrower whatsoever and without affecting the liability of such Borrower hereunder, to exercise any right or remedy which Agent or any Lender Lenders may have available to them against the other Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Bell Microproducts Inc)

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