Common use of Preservation of Remedies Clause in Contracts

Preservation of Remedies. Except as provided in Section 16 hereof, no ------------------------ right or remedy herein conferred upon or reserved to any party hereto is intended to be exclusive of any other right or remedy, and every right or remedy shall, to the extent permitted by law, be cumulative and in addition to every other right or remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. Without limiting the foregoing, nothing herein shall limit AOLA's or AOLB's recourse to Itau for any amounts due under the Marketing Agreement, and neither AOLA nor AOLB shall be obligated to exercise its rights under this Escrow Agreement prior to taking other actions available to it under the Marketing Agreement or at law or in equity or otherwise with respect to any amounts due under the Marketing Agreement. AOLA and AOLB shall have the right and discretion to proceed with any and all remedies available to them under this Escrow Agreement, the Marketing Agreement or otherwise, in such order, or simultaneously, as they shall determine in their sole discretion.