Common use of LENDER'S ELECTION NOT TO ENFORCE Clause in Contracts

LENDER'S ELECTION NOT TO ENFORCE. Notwithstanding any term or condition of this Agreement to the contrary, Lender, in its sole and absolute discretion, at any time and from time to time, may suspend or refrain from enforcing any or all of the restrictions imposed in this Section 2, but no such suspension or failure to enforce shall impair any right or power of Lender under this Agreement, including, without limitation, any right of Lender to refrain from making a Loan if all conditions precedent to Lender's obligation to making such Loan have not been satisfied.

Appears in 4 contracts

Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)

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LENDER'S ELECTION NOT TO ENFORCE. Notwithstanding any term or condition of this Agreement to the contrary, Lender, in its sole and absolute discretion, at any time and from time to time, may suspend or refrain from enforcing any or all of the restrictions imposed in this Section 2, but no such suspension or failure to enforce shall impair any right or power of Lender under this Agreement, including, without limitation, any right of Lender to refrain from making a Loan or issuing a Letter of Credit if all conditions precedent to Lender's obligation to making such Loan or issuing such Letter of Credit have not been satisfied.

Appears in 2 contracts

Samples: Loan and Security Agreement (CMC Industries Inc), Loan and Security Agreement (Elxsi Corp /De//)

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LENDER'S ELECTION NOT TO ENFORCE. Notwithstanding any term or condition of this Agreement to the contrary, the Lender, in its sole and absolute discretion, at any time and from time to time, time may suspend or refrain from enforcing any or all of the restrictions imposed in this Section 2, 2 but no such suspension or failure to enforce shall impair any the Lender's right or and power of Lender under this Agreement, including, without limitation, any right of Lender Agreement to refrain from making a Loan or issuing, or causing to be issued, a Letter of Credit requested by the Borrower if all conditions precedent to the Lender's obligation to making such Loan have not been satisfied.'s

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

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