Lender Actions Against Collateral. Each Lender agrees that it will not take any enforcement action, nor institute any actions or proceedings, with respect to the Loans, against Grantor hereunder or against any Collateral (including the exercise of any right of set-off) without the consent of the Agent or all Lenders. All such enforcement actions and proceedings shall be (i) taken in concert and (ii) at the direction of or with the consent of Agent or all Lenders. With respect to any action by Agent to enforce the rights and remedies of Agent and the Lenders under this Security Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.
Appears in 5 contracts
Samples: Security Agreement (Kahn Jonathan Efrem), Security Agreement (Kahn Jonathan Efrem), Security Agreement (Agritech Worldwide, Inc.)
