Common use of Other Parties and Other Collateral Clause in Contracts

Other Parties and Other Collateral. No renewal or extension of or any other indulgence with respect to the Obligation or any part thereof, no release of any security, no release of any person (including any maker, indorser, guarantor or surety) liable on the Obligation, no delay in enforcement of payment, and no delay or omission or lack of diligence or care in exercising any right or power with respect to the Obligation or any security therefor or guaranty thereof or under this Agreement shall in any manner impair or affect the rights of Secured Party under the law, hereunder, or under any other agreement pertaining to the Collateral. Secured Party need not file suit or assert a claim for personal judgment against any person for any part of the Obligation or seek to realize upon any other security for the Obligation, before foreclosing or otherwise realizing upon the Collateral. Debtor waives any right to the benefit of or to require or control application of any other security or proceeds thereof, and agrees that Secured Party shall have no duty or obligation to Debtor to apply to the Obligation any such other security or proceeds thereof.

Appears in 1 contract

Samples: Security Agreement (Axis Technologies Group Inc)

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Other Parties and Other Collateral. No renewal or extension of or any other indulgence with respect to the Obligation Obligations or any part thereof, no release of any security, no release of any person (including any maker, indorserendorser, guarantor or surety) liable on the ObligationObligations, no delay in enforcement of payment, and no delay or omission or lack of diligence or care in exercising any right or power with respect to the Obligation Obligations or any security therefor or guaranty thereof or under this Agreement shall in any manner impair or of affect the rights of Secured Party under the law, hereunder, or under any other agreement pertaining to the Collateral. Secured Party need not file suit or assert a claim for personal judgment against any person for any part of the Obligation Obligations or seek to realize upon any other security for the ObligationObligations, before foreclosing or otherwise realizing upon the CollateralCollateral for the purpose of paying the Obligations. Debtor waives any right to the benefit of or to require or control application applicable of any other security or proceeds thereof, and agrees that Secured Party shall have no duty or obligation to Debtor to apply to the Obligation Obligations any such other security or proceeds thereof.

Appears in 1 contract

Samples: Security Agreement (El Conquistador Partnership Lp)

Other Parties and Other Collateral. No renewal or extension of or any other indulgence with respect to the Obligation Obligations or any part thereof, no release of any security, no release of any person (including any maker, indorserendorser, guarantor guarantor, or surety) liable on the ObligationObligations, no delay in enforcement of payment, and no delay or omission or lack of diligence or care in exercising any right or power with respect to the Obligation Obligations or any security therefor or guaranty thereof or under this Agreement shall in any manner impair or affect the rights of Secured Party under the law, hereunder, or under any other agreement pertaining to the Collateral. Secured Party need not file suit or assert a claim for personal judgment against any person for any part of the Obligation Obligations or seek to realize upon any other security for the ObligationObligations, before foreclosing or otherwise realizing upon the Collateral. Debtor waives any right to the benefit of or to require or control application of any other security or proceeds thereof, and agrees that Secured Party shall have no duty or obligation to Debtor to apply to the Obligation any such other security or proceeds thereof.

Appears in 1 contract

Samples: Security Agreement (Apollo Resources International Inc)

Other Parties and Other Collateral. No renewal or extension extensions of or any other indulgence with respect to the Obligation Obligations or any part thereof, no modification of document(s) evidencing the Obligations, no release of any security, no release of any person (including any maker, indorserendorser, guarantor or surety) liable on the ObligationObligations, no delay in enforcement of payment, payment and no delay or omission or lack of diligence or care in exercising any right or power with respect to the Obligation Obligations or any security therefor or guaranty thereof or under this Agreement shall in any manner impair or affect the rights of Secured Party under the any law, hereunder, or under any other agreement pertaining to the Collateral. , Secured Party need not file suit or assert a claim for personal judgment against any person for any part of the Obligation Obligations or seek to realize upon any other security for the ObligationObligations, before foreclosing or otherwise realizing upon the Collateral. , Debtor waives waive any right that can be waived to the benefit of or to require or control application of any other security or proceeds thereof, and agrees that Secured Party shall have no duty or obligation to Debtor to apply to the Obligation Obligations any such other security or proceeds thereof.

Appears in 1 contract

Samples: Security Agreement (NutriBand Inc.)

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Other Parties and Other Collateral. No renewal or extension of or any other indulgence with respect to the Obligation Obligations or any part thereof, no release of any security, no release of any other person (including any maker, indorser, guarantor or surety) liable on any of the ObligationObligations, no delay in enforcement of payment, and no delay or omission or lack of diligence or care in exercising any right or power with respect to the Obligation Obligations or any security therefor or guaranty thereof or under this Agreement shall in any manner impair or affect the rights of Secured Party under the law, hereunder, or under any other agreement pertaining to the Collateral. Secured Party need not file suit or assert a claim for personal judgment against any person for any part of the Obligation Obligations or seek to realize upon any other security for the ObligationObligations, before foreclosing or otherwise realizing upon the Collateral. Debtor waives any right to the benefit of or to require or control application of any other security or proceeds thereof, and agrees that Secured Party shall have no duty or obligation to Debtor to apply to the Obligation Obligations any such other security or proceeds thereof.

Appears in 1 contract

Samples: Security Agreement (Fountain Powerboat Industries Inc)

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