Common use of No Obligation to Pursue Others Clause in Contracts

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

Appears in 1 contract

Samples: Security Agreement (Life Time Fitness Inc)

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

Appears in 1 contract

Samples: Security Agreement (Cmgi Inc)

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

Appears in 1 contract

Samples: Security Agreement (Lipkin Raymond A)

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No Obligation to Pursue Others. The Agent has shall have no obligation to attempt to satisfy the Secured Obligations by collecting them from any other person third Person which may be liable for them or any portion thereof, and the Agent may release, modify or waive any Collateral collateral provided by any other person to secure Person as security for the Obligations or any of the Secured Obligationsportion thereof, all without affecting the Agent’s rights against the Borrower. The Borrower waives any right it may have to require the Agent to pursue any third person Person for any of the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Roxio Inc)

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