Common use of Recovery Not Limited Clause in Contracts

Recovery Not Limited. To the fullest extent permitted by applicable law, NAI waives any right to require that Agent, BNPLC or the Participants proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI waives any and all notice of acceptance of this Agreement. NAI further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI waives the right to enforce any remedy which Agent, BNPLC or any Participant has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC or any Participant. NAI authorizes Agent, BNPLC and the Participants, without notice or demand and without any reservation of rights against NAI and without affecting NAI's liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after any Event of Default, apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 10 contracts

Samples: Pledge Agreement (Network Appliance Inc), Pledge Agreement (Network Appliance Inc), Pledge Agreement (Network Appliance Inc)

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Recovery Not Limited. To the fullest extent permitted by applicable lawApplicable Law, NAI LRC waives any right to require that Agent, BNPLC or the Participants BTMUCLF proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI LRC in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI LRC waives any and all notice of acceptance of this Agreement. NAI LRC further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI LRC shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI LRC waives the right to enforce any remedy which Agent, BNPLC or any Participant BTMUCLF has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC or any Participanton behalf of BTMUCLF. NAI LRC authorizes Agent, BNPLC and the ParticipantsBTMUCLF, without notice or demand and without any reservation of rights against NAI LRC and without affecting NAI's LRC’s liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after and during the continuance of any Event of DefaultDefault (as defined herein or in the Lease), apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 6 contracts

Samples: Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp)

Recovery Not Limited. To the fullest extent permitted by applicable law, NAI LRC waives any right to require that Agent, BNPLC or the Participants BNPPLC proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI LRC in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI LRC waives any and all notice of acceptance of this Agreement. NAI LRC further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI LRC shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI LRC waives the right to enforce any remedy which Agent, BNPLC or any Participant BNPPLC has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC or any Participanton behalf of BNPPLC. NAI LRC authorizes Agent, BNPLC and the ParticipantsBNPPLC, without notice or demand and without any reservation of rights against NAI LRC and without affecting NAI's LRC’s liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after and during the continuance of any Event of Default, apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 5 contracts

Samples: Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp), Pledge Agreement (Lam Research Corp)

Recovery Not Limited. To the fullest extent permitted by -------------------- applicable law, NAI Extreme waives any right to require that Agent, BNPLC or the Participants proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI Extreme in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI Extreme waives any and all notice of acceptance of this Agreement. NAI Extreme further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI Extreme shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI Extreme waives the right to enforce any remedy which Agent, BNPLC or any Participant has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC or any Participant. NAI Extreme authorizes Agent, BNPLC and the Participants, without notice or demand and without any reservation of rights against NAI Extreme and without affecting NAIExtreme's liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after any Event of Default, apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 2 contracts

Samples: Pledge Agreement (Extreme Networks Inc), Pledge Agreement (Extreme Networks Inc)

Recovery Not Limited. To the fullest extent permitted by applicable law, NAI LRC waives any right to require that Agent, BNPLC or the Participants BNPPLC proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined Pledge Agreement (Livermore/ Parcel 7) — Page 23 with NAI LRC in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI LRC waives any and all notice of acceptance of this Agreement. NAI LRC further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI LRC shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI LRC waives the right to enforce any remedy which Agent, BNPLC or any Participant BNPPLC has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC or any Participanton behalf of BNPPLC. NAI LRC authorizes Agent, BNPLC and the ParticipantsBNPPLC, without notice or demand and without any reservation of rights against NAI LRC and without affecting NAI's LRC’s liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after and during the continuance of any Event of Default, apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 1 contract

Samples: Pledge Agreement (Lam Research Corp)

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Recovery Not Limited. To the fullest extent permitted by applicable law, NAI Pledgor waives any right to require that Agent, BNPLC or the Participants Collateral Agent proceed against any other Person, exhaust any Pledged Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI Pledgor in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI Pledgor waives any and all notice of acceptance of this Agreement. NAI Pledgor further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI Pledgor shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI Pledgor waives the right to enforce any remedy which Agent, BNPLC or any Participant Collateral Agent has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC Collateral Agent or any Participant. NAI Pledgor authorizes Collateral Agent, BNPLC and the Participants, without notice or demand and without any reservation of rights against NAI Pledgor and without affecting NAIPledgor's liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after any Event of Default, apply or require the application of the Pledged Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Symantec Corp)

Recovery Not Limited. To the fullest extent permitted by applicable law, NAI Specialty Laboratories waives any right to require that Agent, BNPLC BNPPLC or the Participants proceed against any other Person, exhaust any Collateral or other security for the Secured Obligations, or to have any Other Liable Party joined with NAI Specialty Laboratories in any suit arising out of the Secured Obligations or this Agreement, or pursue any other remedy in their power. NAI Specialty Laboratories waives any and all notice of acceptance of this Agreement. NAI Specialty Laboratories further waives notice of the creation, modification, rearrangement, renewal or extension for any period of any of the Secured Obligations of any Other Liable Party from time to time and any defense arising by reason of any disability or other defense of any Other Liable Party or by reason of the cessation from any cause whatsoever of the liability of any Other Liable Party. Until all of the Secured Obligations shall have been paid in full, NAI Specialty Laboratories shall have no right to subrogation, reimbursement, contribution or indemnity against any Other Liable Party and NAI Specialty Laboratories waives the right to enforce any remedy which Agent, BNPLC BNPPLC or any Participant has or may hereafter have against any Other Liable Party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Agent, BNPLC BNPPLC or any Participant. NAI Specialty Laboratories authorizes Agent, BNPLC BNPPLC and the Participants, without notice or demand and without any reservation of rights against NAI Specialty Laboratories and without affecting NAI's Specialty Laboratories' liability hereunder or on the Secured Obligations, from time to time to (a) take or hold any other property of any type from any other Person as security for the Secured Obligations, and exchange, enforce, waive and release any or all of such other property, (b) after any Event of Default, apply or require the application of the Collateral (in accordance with this Agreement) or such other property in any order they may determine and to direct the order or manner of sale thereof as they may determine, (c) renew, extend for any period, accelerate, modify, compromise, settle or release any of the obligations of any Other Liable Party with respect to any or all of the Secured Obligations or other security for the Secured Obligations, and (d) release or substitute any Other Liable Party.

Appears in 1 contract

Samples: Pledge Agreement (Specialty Laboratories)

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