Common use of Lender Rights Clause in Contracts

Lender Rights. Each Lender shall have the absolute right to exercise or to refrain from exercising any right such Lender has under this Agreement and the Collateral Documents, including the right to consent to an amendment, waiver or modification of any of such documents, and such Lender shall not incur any liability to any other Lender with respect to exercising or refraining from exercising any such right.

Appears in 3 contracts

Samples: Secured Convertible Note Purchase Agreement (Austin Ventures Vi L P), Convertible Note Purchase Agreement (724 Solutions Inc), Secured Convertible Note Purchase Agreement (Austin Ventures Vi L P)

AutoNDA by SimpleDocs

Lender Rights. Each The Lender shall will have the absolute right to exercise or to refrain from exercising any right such the Lender has under this Agreement and the Collateral DocumentsAgreement, including the right to consent to an amendment, waiver or modification of any of such documents, and such Lender shall not incur any liability to any other Lender with respect to exercising or refraining from exercising any such right.

Appears in 1 contract

Samples: Bridge Loan and Debt Restructuring Agreement (Golden Phoenix Minerals Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.