Common use of No Obligation to Pursue Others Clause in Contracts

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

Appears in 4 contracts

Samples: Loan and Security Agreement (Kala Pharmaceuticals, Inc.), Loan and Security Agreement (Kala Pharmaceuticals, Inc.), Loan and Security Agreement (Kala Pharmaceuticals, Inc.)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Asante Solutions, Inc.), Loan and Security Agreement (Asante Solutions, Inc.)

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

Appears in 2 contracts

Samples: Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)

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

Appears in 1 contract

Samples: Execution Version Loan and Security Agreement (DraftKings Inc.)

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No Obligation to Pursue Others. Neither Agent and the Lenders have no nor any Lender has any obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them, them and Agent may release, modify or waive any collateral Collateral provided by any other Person to secure any of the Obligations, all without affecting Agent’s and the or Lenders’ rights against Borrower. Borrower waives any right it may have to require Agent or any Lender to pursue any other Person for any of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (iLearningEngines, Inc.)

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