Common use of Free Exercise of Rights Clause in Contracts

Free Exercise of Rights. Except as specifically provided herein and in the other Note Documents, (a) each Holder may exercise its rights and remedies under this Agreement and the other Note Documents to which it is party and all related documents, instruments and agreements for its sole benefit and (b) no Holder shall have any obligation or duty to exercise any such rights or duties for the benefit of any other Holder.

Appears in 6 contracts

Samples: Third Lien Subordinated Exchange Note Exchange Agreement (Navation, Inc.), Second Lien Subordinated Note Purchase Agreement (NextWave Wireless Inc.), Third Lien Subordinated Exchange Note Exchange Agreement (Manchester Financial Group, LP)

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Free Exercise of Rights. Except as specifically provided herein and in the other Note DocumentsSecurity Agreement, (a) each Holder may exercise its rights and remedies under this Agreement and Agreement, the other Note Documents to which it is party Security Agreement, its Senior Note(s) and all related documents, instruments and agreements for its sole benefit and (b) no Holder shall have any obligation or duty to exercise any such rights or duties for the benefit of any other Holder.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Insite Vision Inc)

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Free Exercise of Rights. Except as specifically provided herein and in the other Purchase Agreement and the Note Documents, (a) each Holder may exercise its rights and remedies under this Agreement and Agreement, the other Purchase Agreement, its Note Documents to which it is party and all related documents, instruments and agreements for its sole benefit and (b) no Holder shall have any obligation or duty to exercise any such rights or duties for the benefit of any other Holder.

Appears in 1 contract

Samples: Purchase Agreement (NextWave Wireless LLC)

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