Common use of No Marshalling Clause in Contracts

No Marshalling. Each Borrower, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hightimes Holding Corp.), Loan and Security Agreement (Origo Acquisition Corp), Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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No Marshalling. Each BorrowerBorrowers, on its their own behalf and on behalf of its their respective successors and assigns hereby expressly waives waive all rights rights, if any, to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Transcat Inc), Loan and Security Agreement (Transcat Inc)

No Marshalling. Each Borrower, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Centrum Industries Inc)

No Marshalling. Each Borrower, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (I/Omagic Corp)

No Marshalling. Each BorrowerBorrower and each Guarantor, on its own behalf and on behalf of its successors and assigns assigns, hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender the Bank or to require that Lender the Bank first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (XPO Logistics, Inc.)

No Marshalling. Each BorrowerThe Borrowers, on its their own behalf and on behalf of its successors and assigns hereby expressly waives all rights rights, if any, to require a marshalling of assets by the Lender or to require that the Lender first resort to some or any portion of any collateral securing the Collateral Borrowers' obligations before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Vita Food Products Inc)

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No Marshalling. Each Borrower, on its own behalf and on behalf of its successors and assigns assigns, hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (American BioCare, Inc.)

No Marshalling. Each Borrower, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender or to require that Lender first resort to some or any portion of the Collateral any collateral securing Borrower's obligations before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Secured Credit Agreement (Professional Dental Technologies Inc)

No Marshalling. Each Borrowerof Borrower and the Guarantor, on its own behalf and on behalf of its successors and assigns assigns, hereby expressly waives all rights rights, if any, to require a marshalling of assets by Lender the Bank or to require that Lender the Bank first resort to some or any portion of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

Appears in 1 contract

Samples: Revolving Loan Agreement (Segmentz Inc)

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