Common use of No Obligation to Pursue Others Clause in Contracts

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 23 contracts

Samples: Loan Agreement, Commercial Security Agreement (Friedman Industries Inc), Commercial Security Agreement (Friedman Industries Inc)

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No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s 's rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 13 contracts

Samples: Security Agreement (Applied Optoelectronics, Inc.), Security Agreement (Goldfield Corp), Security Agreement (Goldfield Corp)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s 's rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person persons for any of the Obligations.

Appears in 4 contracts

Samples: Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/), Security Agreement (Professional Veterinary Products LTD /Mo/)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person or entity liable for them and Secured Party may release, modify or waive any collateral provided by any other person or entity to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third other person or entity for any of the Obligations.

Appears in 3 contracts

Samples: Personal Property Security Agreement, Personal Property Security Agreement, Personal Property Security Agreement

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person Person liable for them them, and Secured Party may release, modify or waive any collateral provided by any other person Person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person Third Party for any of the Obligations.

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (Dova Pharmaceuticals, Inc.), Security Agreement (Dova Pharmaceuticals, Inc.)

No Obligation to Pursue Others. Secured Party has Parties have no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and the Secured Party Parties may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting the Secured Party’s Parties’ rights against Debtor. Debtor waives any right it may have to require the Secured Party Parties to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Iridex Corp)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided provide by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Integral Vision Inc)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person persons for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Professional Veterinary Products LTD /Ne/)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against any Debtor. Each Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Hallwood Group Inc)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (One Stop Systems, Inc.)

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No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s 's rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.. 1476 FL (0810) Page 3 of 5

Appears in 1 contract

Samples: Security Agreement (Goldfield Corp)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against DebtorGrantor. Debtor Grantor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Air T Inc)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s rights against Debtor. Debtor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Monarch America, Inc.)

No Obligation to Pursue Others. Secured Party has shall have no obligation to attempt to satisfy the Obligations by collecting them from any other person Person liable for them thereon and Secured Party may release, modify or waive any collateral provided by any other person Person to secure any of the Obligations, all without affecting Secured Party’s 's rights against Debtor. Debtor hereby waives any right it may have to require Secured Party to pursue any third person person, including without limitation any Guarantor, for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Bovie Medical Corp)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person to secure any of the Obligations, all without affecting Secured Party’s 's rights against DebtorGrantor. Debtor Grantor waives any right it may have to require Secured Party to pursue any third person for any of the Obligations.. 8.11

Appears in 1 contract

Samples: Security Agreement (Air T Inc)

No Obligation to Pursue Others. Secured Party has no obligation to attempt to satisfy the Obligations Liabilities by collecting them from any other person Person liable for them and Secured Party may release, modify or waive any collateral Collateral provided by any other person Person to secure any of the ObligationsLiabilities, all without affecting Secured Party’s 's rights against each Debtor. Each Debtor waives any right it may have to require Secured Party to pursue any third person Person for any of the ObligationsLiabilities.

Appears in 1 contract

Samples: Security Agreement (Warrantech Corp)

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