Common use of No Waivers of Rights hereunder; Rights Cumulative Clause in Contracts

No Waivers of Rights hereunder; Rights Cumulative. (a) No delay by BNY in exercising any right hereunder, or under any of the other Obligations, shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude other or further exercises thereof or the exercise of any other right. No waiver of any of the other Obligations shall be enforceable against BNY unless in writing and signed by an officer of BNY, and unless it expressly refers to the provision affected; any such waiver shall be limited solely to the specific event waived. (b) All rights granted BNY hereunder shall be cumulative and shall be supplementary of and in addition to those granted or available to BNY with respect to the other Obligations or under applicable law and nothing herein shall be construed as limiting any such other right.

Appears in 3 contracts

Samples: General Security Agreement (Tii Industries Inc), General Security Agreement (Tii Industries Inc), General Security Agreement (Tii Industries Inc)

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No Waivers of Rights hereunder; Rights Cumulative. (a) No delay by BNY the Creditors in exercising any right hereunder, or under in enforcing any of the other Obligations, shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude other or further exercises thereof or the exercise of any other right. No waiver of any of the other Obligations shall be enforceable against BNY any Creditor unless in writing and signed by an officer of BNYsuch Creditor, and unless it expressly refers to the provision affected; any such waiver shall be limited solely to the specific event waived. (b) All rights granted BNY to the Creditors hereunder shall be cumulative and shall be supplementary of and in addition to those granted or available to BNY the Creditors under any other agreement with respect to the other Obligations or under applicable law and nothing herein shall be construed as limiting any such other right.

Appears in 1 contract

Samples: Security Agreement (Nile Therapeutics, Inc.)

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