Order of Proceedings. Nothing in this Agreement is intended to compel the Bank or the Creditor at any time to declare the Borrower in default or compel the Bank to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank with respect to the Collateral, the Borrower, and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 5 contracts
Samples: Subordination Agreement (Brekford Corp.), Subordination Agreement (Brekford Corp.), Subordination Agreement (Perma Fix Environmental Services Inc)
Order of Proceedings. Nothing in this Agreement is intended to compel the Bank One or the Creditor Class B Lenders at any time to declare the Borrower in default or compel the Bank One to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank One with respect to the Collateral, the Borrower, and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 2 contracts
Samples: Subordination Agreement (North Atlantic Trading Co Inc), Subordination Agreement (North Atlantic Trading Co Inc)
Order of Proceedings. Nothing in this Agreement is intended to compel the Bank or the Creditor Creditors at any time to declare the Borrower Company in default or compel the Bank to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank with respect to the Collateral, the BorrowerCompany, and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 1 contract
Samples: Subordination Agreement (Perma Fix Environmental Services Inc)
Order of Proceedings. Nothing in this Agreement is intended -------------------- to compel the Bank Lender or the Creditor at any time to declare the Borrower in default or compel the Bank Lender to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank Lender with respect to the Collateral, the Borrower, Borrower and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 1 contract
Samples: Loan Agreement (Jameson Inns Inc)
Order of Proceedings. Nothing in this Agreement is intended to compel the Bank Lender or the Creditor at any time to declare the Borrower in default or compel the Bank Lender to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank Lender with respect to the Collateral, the Borrower, and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 1 contract
Order of Proceedings. Nothing in this Agreement is intended --------------------- to compel the Bank Lender or the Creditor at any time to declare the Borrower in default or compel the Bank Lender to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank Lender with respect to the Collateral, the Borrower, Borrower and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 1 contract
Samples: Loan Agreement (Jameson Inns Inc)
Order of Proceedings. Nothing in this Agreement is intended to compel the Bank Bank, the Lenders or the Creditor at any time to declare the Borrower Debtor in default or compel the Bank or Lenders to proceed against or refrain from proceeding against any Collateral in any order or manner. All rights and remedies of the Bank and Lenders with respect to the Collateral, the BorrowerDebtor, and any other obligors concerning the Obligations are cumulative and not alternative.
Appears in 1 contract
