Common use of Non-Judicial Remedies Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement (Vincera, Inc.), Security Agreement (Vincera, Inc.)

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

Appears in 1 contract

Samples: Security Agreement (Colony Energy, Inc.)

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

Appears in 1 contract

Samples: Security Agreement (UC Hub Group Inc)

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

Appears in 1 contract

Samples: Security Agreement (LIVE VENTURES Inc)

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

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

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

Appears in 1 contract

Samples: Asset Purchase Agreement (Uti Energy Corp)

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