Common use of Recourse to Security; Certain Waivers Clause in Contracts

Recourse to Security; Certain Waivers. All Obligations shall be payable by Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 24 contracts

Sources: Loan and Security Agreement (Collectors Universe Inc), Loan and Security Agreement (Praegitzer Industries Inc), Loan and Security Agreement (Medley Credit Acceptance Corp)

Recourse to Security; Certain Waivers. All Obligations shall be ------------------------------------- payable by Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Utilx Corp)

Recourse to Security; Certain Waivers. All Obligations shall be payable by -------------------------------------- Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Avery Communications Inc)

Recourse to Security; Certain Waivers. All Obligations shall be payable by Borrower Borrowers as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Each Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which any Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Digital Solutions Inc)

Recourse to Security; Certain Waivers. All Obligations shall be ------------------------------------- payable by Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall will not be required at any time. Except for notices expressly required by the Loan Documents, Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Ameritruck Distribution Corp)

Recourse to Security; Certain Waivers. All Obligations shall be payable by each Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall will not be required at any time. Each Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which such Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Core Technologies Pennsylvania Inc)

Recourse to Security; Certain Waivers. All Obligations shall be payable by Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Procom Technology Inc)

Recourse to Security; Certain Waivers. All Obligations shall be payable by Borrower B▇▇▇▇▇▇▇ as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Secured Revolving Credit Note (Diamond Multimedia Systems Inc)

Recourse to Security; Certain Waivers. All Obligations shall be payable by ------------------------------------- Borrower as provided for herein and, in full, at the termination of this Agreement; recourse to security shall not be required at any time. Borrower waives presentment and protest of any instrument and notice thereof, notice of default and, to the extent permitted by applicable law, all other notices to which Borrower might otherwise be entitled.

Appears in 1 contract

Sources: Loan and Security Agreement (Cumetrix Data Systems Corp)