Common use of Remedies Cumulative; Delay Not Waiver Clause in Contracts

Remedies Cumulative; Delay Not Waiver. No right, power or remedy ------------------------------------- herein conferred upon or reserved to Collateral Agent, Trustee, the Holders of the Senior Secured Notes or the Permitted Additional Senior Lenders, if any, is intended to be exclusive of any other right, power or remedy, and every such right, power and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right, power and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. No delay or omission of Collateral Agent to exercise any right or power accruing upon the occurrence and during the continuance of any Event of Default as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein. Every power and remedy given by this Agreement may be exercised from time to time, and as often as shall be deemed expedient, by Collateral Agent.

Appears in 6 contracts

Samples: Partnership Interest Pledge Agreement (Coso Power Developers), Partnership Interest Pledge Agreement (Coso Power Developers), Partnership Interest Pledge Agreement (Coso Power Developers)

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