Common use of No Obligation to Pursue Others Clause in Contracts

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

Appears in 7 contracts

Samples: Note Purchase Agreement (Steelcloud Inc), Security Agreement (Rubber Research Elastomerics Inc), Security Agreement (Virtual Radiologic CORP)

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

Appears in 6 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.), Loan and Security Agreement (Complete Genomics Inc)

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

Appears in 5 contracts

Samples: Subordinated Term Loan and Security Agreement (Sonim Technologies Inc), Loan and Security Agreement (Rocky Mountain Chocolate Factory Inc), Loan and Security Agreement (U-Swirl, Inc.)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Enservco Corp), Credit Agreement (Trupanion Inc.)

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

Appears in 1 contract

Samples: Secured Short Term Loan Agreement

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

Appears in 1 contract

Samples: Security Agreement (Dot Hill Systems Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Applied Innovation Inc)

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