Common use of Non-Judicial Remedies Clause in Contracts

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 21 contracts

Samples: Security Agreement (Ascendant Solutions Inc), Credit and Security Agreement (Isecuretrac Corp), Security Agreement (Global Casinos Inc)

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Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's ’s option.

Appears in 13 contracts

Samples: Security Agreement (Edible Garden AG Inc), Pledge and Security Agreement, Pledge Agreement (American Electric Technologies Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 8 contracts

Samples: Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 7 contracts

Samples: Security Agreement (Specialty Laboratories), Subsidiary Security Agreement (Leslie Resources Inc), Subsidiary Security Agreement (Leslie Resources Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either any party's option.

Appears in 7 contracts

Samples: Security Agreement, Security Agreement (MAGELLAN GOLD Corp), Security Agreement (Global Healthcare Reit, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either any party's ’s option.

Appears in 4 contracts

Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Kentucky USA Energy, Inc.), Security Agreement (Rancher Energy Corp.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 4 contracts

Samples: Subsidiary Pledge Agreement (Western Gas Resources Inc), Stock Pledge Agreement (Western Gas Resources Inc), Foreign Subsidiary Stock Pledge Agreement (Western Gas Resources Inc)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's ’s option.

Appears in 3 contracts

Samples: Security Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Security Agreement (Reef Oil & Gas Income & Development Fund III LP), Security Agreement (Lucas Energy, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 3 contracts

Samples: Security Agreement (Allied Corp.), Security Agreement (Allied Corp.), Security Agreement (Allied Corp.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, to the extent permitted by applicable Law, Debtor expressly waives, renounces and knowingly relinquishes any legal right which that might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes process and concedes confirms that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting may, however, in its discretion, resort to judicial process at either party's optionprocess.

Appears in 3 contracts

Samples: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Leslie Resources Inc), Pledge Agreement (United States Exploration Inc), Security Agreement (Future Petroleum Corp/Ut/)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 3 contracts

Samples: Security Agreement (Mad Catz Interactive Inc), Security Agreement (Mad Catz Interactive Inc), Credit Agreement (Cimarex Energy Co)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its their rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its their rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either any party's option.

Appears in 2 contracts

Samples: Security Agreement (B2 Health, Inc.), Security Agreement (Golden West Brewing Company, Inc.)

Non-Judicial Remedies. In granting to Secured Party Parties the power to enforce its their rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Parties to enforce its their rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent any Secured Party or Debtor from resorting to judicial process at either any party's option.

Appears in 2 contracts

Samples: Security Agreement (Golden West Brewing Company, Inc.), Security Agreement (Golden West Brewing Company, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 2 contracts

Samples: Custodial Agreement (Cypress Semiconductor Corp /De/), Security Agreement (Foreland Corp)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor Debtors expressly waiveswaive, renounces renounce and knowingly relinquishes relinquish any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that In so providing for non-judicial remedies, Debtors recognize and concede that such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 2 contracts

Samples: Security Agreement (Tipperary Corp), Security Agreement (Tipperary Corp)

Non-Judicial Remedies. In granting to Secured Party the --------------------- power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 2 contracts

Samples: LLC Pledge Agreement (St Mary Land & Exploration Co), Stock Pledge Agreement (St Mary Land & Exploration Co)

Non-Judicial Remedies. In granting to Secured Party Parties the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Parties to enforce its their rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor Parties from resorting to judicial process at either party's their option.

Appears in 2 contracts

Samples: Security Agreement (Hispanic Television Network Inc), Security Agreement (Hispanic Television Network Inc)

Non-Judicial Remedies. In granting to To the fullest extent permitted by law, Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Debtor expressly waives, renounces renounces, and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that In so providing for non-judicial remedies, Debtor recognizes that such remedies are consistent with the usage of the trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Security Agreement (Peregrine Systems Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, each Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, each Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Pledge and Security Agreement (Wilhelmina International, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Security Agreement (High Plains Gas, Inc.)

Non-Judicial Remedies. In granting to Secured Party the --------------------- power to enforce its rights hereunder without prior judicial process or judicial hearing, each Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that In so providing for non-judicial remedies, Debtors recognize and concede that such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Security Agreement (St Mary Land & Exploration Co)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Moody National REIT I, Inc.

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor Debtors expressly waiveswaive, renounces renounce and knowingly relinquishes relinquish any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Stock Pledge Agreement (Tipperary Corp)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.such

Appears in 1 contract

Samples: Custodial Agreement (Cypress Semiconductor Corp /De/)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, Debtor expressly waives, renounces waives any and knowingly relinquishes any all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that such non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Security Agreement (Unimark Group Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, to the extent permitted by applicable Law, Debtor expressly waives, renounces and knowingly relinquishes any legal right which that might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes process and concedes confirms that non-judicial such remedies are consistent with Energy Equity Second Lien Pledge and Security Agreement the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting may, however, in its discretion, resort to judicial process at either party's optionprocess.

Appears in 1 contract

Samples: Second Lien Senior Pledge and Security Agreement (PostRock Energy Corp)

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Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, each Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.Secured

Appears in 1 contract

Samples: Canadian Security Agreement (Mad Catz Interactive Inc)

Non-Judicial Remedies. In granting to Secured Party the power to --------------------- enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes relinquishes, any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc /Tx)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-judicial non‑judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's ’s option.

Appears in 1 contract

Samples: Security Agreement (Lm Funding America, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that non-non judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Loan Agreement (Citizens Inc)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's his or its option.

Appears in 1 contract

Samples: Stock Pledge Agreement (Leslie Resources Inc)

Non-Judicial Remedies. In granting to Secured Party the power to may (but shall not be obligated to) enforce its rights hereunder without prior judicial process or judicial hearing, and each Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, each Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

Non-Judicial Remedies. In granting to Secured Party the power --------------------- to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its their rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Pledge Agreement (Aviva Petroleum Inc /Tx/)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Credit Agreement (E-Dentist Com Inc)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, Debtor and Debtors expressly waiveswaive, renounces renounce and knowingly relinquishes relinquish any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes and concedes that In so providing for non-judicial remedies, Debtors recognize and concede that such remedies are consistent with the usage of the trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor Debtors from resorting to judicial process at either any party's ’s option.

Appears in 1 contract

Samples: Security Agreement (EnerJex Resources, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, each Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, each Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or any Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Security Agreement (Future Petroleum Corp/Ut/)

Non-Judicial Remedies. In granting to Secured Party Parties the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Parties to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's length. Nothing herein is intended intended, however, to prevent Secured Party or Debtor Parties from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Stock Pledge Agreement (Hispanic Television Network Inc)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and each Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, each Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or any Debtor from resorting to judicial process at either any party's ’s option.

Appears in 1 contract

Samples: Security Agreement (Stratum Holdings, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either any party's ’s option.

Appears in 1 contract

Samples: Security Agreement (Brain Scientific Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, to the extent permitted by applicable Law, Debtor expressly waives, renounces and knowingly relinquishes any legal right which that might otherwise require Secured Party to enforce its rights by judicial process. Debtor recognizes process and concedes confirms that non-judicial such remedies are consistent with Energy Equity First Lien Pledge and Security Agreement the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting may, however, in its discretion, resort to judicial process at either party's optionprocess.

Appears in 1 contract

Samples: First Lien Senior Pledge and Security Agreement (PostRock Energy Corp)

Non-Judicial Remedies. In granting to Secured Party the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and each Debtor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, each Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of the trade, are responsive to commercial necessity and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's its option.

Appears in 1 contract

Samples: Security Agreement (Viking Energy Group, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor expressly waives, renounces renounces, and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Debtor recognizes and concedes that non-judicial such remedies are consistent with the usage of trade, are responsive to commercial necessity necessity, and are the result of a bargain at arm's ’s length. Nothing herein is intended to prevent Secured Party or Debtor from resorting to judicial process at either party's ’s option.

Appears in 1 contract

Samples: Security Agreement (Vaughan Foods, Inc.)

Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Debtor Borrower expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Debtor Borrower recognizes and concedes that non-judicial remedies are consistent with the usage of trade, are responsive to commercial necessity and are the result of a bargain at arm's length. Nothing herein is intended to prevent Secured Party or Debtor Borrower from resorting to judicial process at either party's option.

Appears in 1 contract

Samples: Security Agreement (Canmax Inc /Wy/)

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