Common use of Non-Judicial Remedies Clause in Contracts

Non-Judicial Remedies. In granting to Bank the power to enforce its rights hereunder without prior judicial process or judicial hearing, Borrower expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Bank to enforce its rights by judicial process. 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 Bank or Borrower from resorting to judicial process at either party’s option.

Non-Judicial Remedies. In granting to Bank the power to enforce its rights hereunder without prior judicial process or judicial hearing, Borrower expressly waives, renounces and knowingly relinquishes any legal right which might otherwise require Bank to enforce its rights by judicial process. 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 's length. Nothing herein is intended to prevent Bank or Borrower from resorting to judicial process at either party’s 's option.

Non-Judicial Remedies. In granting to To the fullest extent permitted by law, Bank the power to may enforce its rights hereunder without prior judicial process or judicial hearing, and Borrower expressly waives, renounces renounces, and knowingly relinquishes any and all legal right rights which might otherwise require Bank to enforce its rights by judicial process. Borrower recognizes and concedes that In so providing for non-judicial remedies, Borrower recognizes 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 Bank or Borrower from resorting to judicial process at either party’s its option.