Common use of No Waiver of Other Rights Clause in Contracts

No Waiver of Other Rights. This Agreement is intended solely for the purpose of defining the relative rights of Lender and Creditor and nothing contained herein is intended to nor shall impair the obligations of Borrower, or any other obligors, to pay Lender or Creditor, as the case may be, the principal and interest on the Lender Indebtedness and the Creditor Indebtedness as and when the same shall become due and payable in accordance with their terms, subject to the rights of Lender created by this Agreement. For the sake of clarity, the agreements and covenants of the Creditor under this Agreement apply only with respect to the Creditor Indebtedness and shall not affect the rights of the Creditor arising under any other agreement.

Appears in 2 contracts

Samples: Subordination Agreement (Clarus Corp), Subordination Agreement (Clarus Corp)

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No Waiver of Other Rights. This Agreement is intended solely for the purpose of defining the relative rights of Lender and Creditor and nothing contained herein is intended to nor shall impair the obligations of BorrowerBorrowers, or any other obligors, to pay Lender or Creditor, as the case may be, the principal and interest on the Lender Indebtedness and the Creditor Indebtedness as and when the same shall become due and payable in accordance with their terms, subject to the rights of Lender created by this Agreement. For the sake of clarity, the agreements and covenants of the Creditor under this Agreement apply only with respect to the Creditor Indebtedness and shall not affect the rights of the Creditor arising under any other agreement.

Appears in 1 contract

Samples: Subordination Agreement (Black Diamond, Inc.)

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No Waiver of Other Rights. This Agreement is intended solely for the purpose of defining the relative rights of Lender and Creditor Creditors and nothing contained herein is intended to nor shall impair the obligations of BorrowerBorrowers, or any other obligors, to pay Lender or CreditorCreditors, as the case may be, the principal and interest on the Lender Indebtedness and the Creditor Indebtedness as and when the same shall become due and payable in accordance with their terms, subject to the rights of Lender created by this Agreement. For the sake of clarity, the agreements and covenants of the Creditor Creditors under this Agreement apply only with respect to the Creditor Indebtedness and shall not affect the rights of the Creditor Creditors arising under any other agreement.

Appears in 1 contract

Samples: Subordination Agreement (Black Diamond, Inc.)

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