Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 Pledgor from resorting to judicial process at either party's option.
Appears in 17 contracts
Samples: Pledge Agreement (Infinity Investors LTD), Security Agreement (San Juan Partners LLC), Pledge Agreement (Global Technology Value Partners LTD)
Non-Judicial Remedies. In granting to Secured Party Pledgee the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Pledgee to enforce its rights by judicial process. In so providing for non-judicial remedies, Pledgor 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 Pledgee or Pledgor from resorting to judicial process at either party's option.
Appears in 9 contracts
Samples: Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc)
Non-Judicial Remedies. In granting to Secured Party Pledgee the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Pledgee to enforce its rights by judicial process. In so providing for non-judicial remedies, Pledgor 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 Pledgee or Pledgor from resorting to judicial process at either party's ’s option.
Appears in 6 contracts
Samples: Pledge Agreement (Par Petroleum Corp/Co), Pledge Agreement (Par Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc)
Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 Pledgor from resorting to judicial process at either party's ’s option.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Stabilis Energy, Inc.), Pledge and Security Agreement (Stabilis Energy, Inc.), Stock Pledge Agreement (Us Home Systems Inc /Tx)
Non-Judicial Remedies. In granting to Secured Party Lender the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party Lender to enforce its rights by judicial process. Pledgor 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 Lender or Pledgor from resorting to judicial process at either party's ’s option.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Armada Oil, Inc.), Pledge and Security Agreement (Mesa Energy Holdings, Inc.)
Non-Judicial Remedies. In granting to a Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require a Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Pledgor 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 a Secured Party or Pledgor from resorting to judicial process at either party's its option.
Appears in 2 contracts
Samples: Pledge Agreement (Sundance Strategies, Inc.), Pledge Agreement (Sundance Strategies, Inc.)
Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 Pledgor from resorting to judicial process at either party's option.
Appears in 2 contracts
Samples: Pledge Agreement (Homecapital Investment Corp), The Loan Agreement (Homecapital Investment Corp)
Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 arm's-length. Nothing herein is intended to prevent Secured Party or Pledgor from resorting to judicial process at either party's option.
Appears in 1 contract
Non-Judicial Remedies. In granting to Secured Party the power to --------------------- enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 Pledgor from resorting to judicial process at either party's option.
Appears in 1 contract
Samples: Credit Agreement (Data Return 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 Pledgor 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, Pledgor 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 bargaining at arm's ’s length. Nothing herein is intended to prevent Secured Party or Pledgor from resorting to judicial process at either party's ’s option.
Appears in 1 contract
Samples: Security Agreement (Adtran 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 Pledgor expressly waives, renounces and knowingly relinquishes any and all legal right rights which might otherwise otherwise require Secured Party to enforce its rights by judicial process. In so providing for non-judicial remedies, Pledgor 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 length. Nothing herein is intended to prevent Secured Party or Pledgor from resorting to judicial process at either party's option.
Appears in 1 contract
Samples: Pledge Agreement (Reo Plus, Inc.)
Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor 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, Pledgor 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 Pledgor from resorting to judicial process at either party's its option.
Appears in 1 contract
Non-Judicial Remedies. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor 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 Pledgor from resorting to judicial process at either party's option.. 67233.2 [August 9, 2001]
Appears in 1 contract
Samples: Commercial Security Agreement (United Heritage Corp)
Non-Judicial Remedies. In granting to Secured Party the power to --------------------- enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces renounces, and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor recognizes and concedes that non-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 Pledgor from resorting to judicial process at either party's option.
Appears in 1 contract
Non-Judicial Remedies. 6.10. In granting to Secured Party the power to enforce its rights hereunder without prior judicial process or judicial hearing, Pledgor expressly waives, renounces renounces, and knowingly relinquishes any legal right which might otherwise require Secured Party to enforce its rights by judicial process. Pledgor In so providing for non-judicial remedies, Pxxxxxx 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 Pledgor from resorting to judicial process at either party's Secured Party’s option.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Camber Energy, Inc.)