Common use of No Impairment of Remedies Clause in Contracts

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Collateral Agent shall forfeit any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law pertaining to “election of remedies” or otherwise, the Pledgor hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable Law, impair the Pledgor’s obligations hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (First United Ethanol LLC), Pledge and Security Agreement (First United Ethanol LLC)

AutoNDA by SimpleDocs

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreementhereunder, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor any Borrower or any other Person, whether because of any applicable Law pertaining to "election of remedies" or otherwise, the Pledgor each Borrower hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor which such Borrower might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable LawLaws, impair the Pledgor’s any Borrower's obligations hereunder.

Appears in 2 contracts

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.), Possession Credit Agreement (Pacific Ethanol, Inc.)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Collateral Administrative Agent shall forfeit any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law Legal Requirements pertaining to "election of remedies" or otherwise, the Pledgor hereby consents to such action by the Collateral Administrative Agent and, to the extent permitted by applicable LawLegal Requirements, waives any claim based upon such action, even if such action by the Collateral Administrative Agent shall result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the which Pledgor might otherwise have had but for such action by the Collateral Administrative Agent or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Collateral Administrative Agent to seek a deficiency judgment against any of the parties to any of the Financing Credit Documents shall not, to the extent permitted by applicable LawLegal Requirements, impair the Pledgor’s obligations 's obligation hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Ormat Technologies, Inc.)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreementhereunder, the Collateral Administrative Agent shall forfeit any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor Grantor or any other Person, whether because of any applicable Law Legal Requirements pertaining to "election of remedies" or otherwise, the Pledgor Grantor hereby consents to such action by the Collateral Administrative Agent and, to the extent permitted by applicable LawLegal Requirements, waives any claim based upon such action, even if such action by the Collateral Administrative Agent shall result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor which Grantor might otherwise have had but for such action by the Collateral Administrative Agent or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Collateral Administrative Agent to seek a deficiency judgment against any of the parties to any of the Financing Credit Documents shall not, to the extent permitted by applicable LawLegal Requirements, impair the Pledgor’s obligations Grantor's obligation hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Ormat Technologies, Inc.)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law pertaining to "election of remedies" or otherwise, the Pledgor hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable Law, impair the Pledgor’s 's obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreementhereunder, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor Grantor or any other Person, whether because of any applicable Law pertaining to "election of remedies" or otherwise, the Pledgor Grantor hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor Grantor might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable Law, impair the Pledgor’s Grantor's obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

No Impairment of Remedies. If, in the exercise of any of its such rights and remedies under this Agreement, the Collateral Agent Lender shall forfeit any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law Legal Requirements pertaining to “election of remedies” or otherwise, the Pledgor hereby consents to such action by the Collateral Agent Lender and, to the extent permitted by applicable LawLegal Requirements, waives any claim based upon such action, even if such action by the Collateral Agent Lender shall result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the which Pledgor might otherwise have had but for such action by the Collateral Agent Lender or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Collateral Agent Lender to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable LawLegal Requirements, impair the Pledgor’s obligations obligation hereunder.

Appears in 1 contract

Samples: Financing Agreement (Us Geothermal Inc)

AutoNDA by SimpleDocs

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Offshore Collateral Agent shall forfeit any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Applicable Law pertaining to “election of remedies” or otherwise, the Pledgor each Assignor hereby consents to such action by the Offshore Collateral Agent and, to the extent permitted by applicable Applicable Law, waives any claim based upon such action, even if such action by 10 SHAREHOLDER SECURITY AGREEMENT #0000-0000-0000 the Offshore Collateral Agent shall result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor which such Assignor might otherwise have had but for such action by the Offshore Collateral Agent or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Offshore Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents Assignor shall not, to the extent permitted by applicable Applicable Law, impair the Pledgorsuch Assignor’s obligations hereunder.

Appears in 1 contract

Samples: Equity Contribution Agreement

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law pertaining to “election of remedies” or otherwise, the Pledgor hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable Law, impair the Pledgor’s obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Pacific Ethanol, Inc.)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreement, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor or any other Person, whether because of any applicable Law law pertaining to "election of remedies" or otherwise, the Pledgor hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Lawlaw, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that the Pledgor might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Loan Documents shall not, to the extent permitted by applicable Lawlaw, impair the Pledgor’s 's obligations hereunder.

Appears in 1 contract

Samples: Equity Pledge Agreement (Us Geothermal Inc)

No Impairment of Remedies. If, in the exercise of any of its rights and remedies under this Agreementhereunder, the Collateral Agent shall forfeit forfeits any of its rights or remedies, including any right to enter a deficiency judgment against the Pledgor Borrower or any other Person, whether because of any applicable Law pertaining to “election of remedies” or otherwise, the Pledgor Borrower hereby consents to such action by the Collateral Agent and, to the extent permitted by applicable Law, waives any claim based upon such action, even if such action by the Collateral Agent shall would result in a full or partial loss of any rights of subrogation, indemnification or reimbursement that which the Pledgor Borrower might otherwise have had but for such action by the Collateral Agent or the terms herein. Any election of remedies that which results in the denial or impairment of the right of the Collateral Agent to seek a deficiency judgment against any of the parties to any of the Financing Documents shall not, to the extent permitted by applicable LawLaws, impair the PledgorBorrower’s obligations hereunder.

Appears in 1 contract

Samples: Possession Credit Agreement (First United Ethanol LLC)

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