Remedies Cumulative; Delay or Omission Not a Waiver. To the --------------------------------------------------- extent permitted by law, every remedy given hereunder or in any other Transaction Document to the Lender shall not be exclusive of any other remedy or remedies, and every such remedy shall be cumulative and in addition to every remedy provided by statute, law, equity or otherwise. The Lender may exercise all or any of the powers, rights or remedies given to it hereunder or which may be now or hereafter given by statute, law, equity or otherwise, in its absolute discretion. No course of dealing between the Borrower and the Lender or any delay or omission of the Lender to exercise any power, right or remedy accruing upon any Event of Default shall impair any power, right or remedy or shall be construed to be a waiver of any such Event of Default or acquiescence therein, and every power, right and remedy given by each Transaction Document to the Lender may, to the extent permitted by law, be exercised from time to time and as often as may be deemed expedient by the Lender.
Appears in 3 contracts
Samples: Loan Agreement (Marriott Residence Inn Ii Limited Partnership), Loan Agreement (Fairfield Inn by Marriott LTD Partnership), Loan Agreement (Fairfield Inn by Marriott LTD Partnership)
Remedies Cumulative; Delay or Omission Not a Waiver. To the --------------------------------------------------- extent permitted by lawApplicable Law, every remedy given hereunder or in any other Transaction Document to the Lender Indenture Trustee or to the Secured Parties shall not be exclusive of any other remedy or remedies, and every such remedy shall be cumulative and in addition to every other remedy provided given hereunder or now or hereafter given by statute, law, equity or otherwiseApplicable Law. The Lender Indenture Trustee may exercise all or any of the powers, rights or remedies given to it hereunder or which that may be now or hereafter given by statute, law, equity Applicable Law or otherwise, otherwise in its absolute discretion. No course of dealing or course of performance between the Borrower SPC and the Lender Indenture Trustee or the Secured Parties, or any delay or omission of the Lender Indenture Trustee or any Secured Parties to exercise any right, remedy or power, right or remedy accruing upon any Event of Default shall impair any powerright, right remedy or remedy power or shall be construed to be a waiver of any such Event right, remedy or power of Default the Indenture Trustee or acquiescence the Secured Parties therein, and every powerright, right remedy and remedy power given by each Transaction Document to the Lender Indenture Trustee or to the Secured Parties by Article IX or this Article may, to the extent permitted by lawApplicable Law, be exercised from time to time and as often as may be deemed expedient by the LenderIndenture Trustee and/or the Secured Parties.
Appears in 1 contract
Remedies Cumulative; Delay or Omission Not a Waiver. To the --------------------------------------------------- extent permitted by law, every remedy given hereunder or in any other Transaction Document to the Lender shall not be exclusive of any other remedy or remedies, and every such remedy shall be cumulative and in addition to every remedy provided by statute, law, equity or otherwise. The Lender may exercise all or any of the powers, rights or remedies given to it hereunder or which may be now or hereafter given by statute, law, equity or otherwise, in its absolute discretion. No course of dealing between the Borrower SC and the Lender or any delay or omission of the Lender to exercise any power, right or remedy accruing upon any Event of Default shall impair any power, right or remedy or shall be construed to be a waiver of any such Event of Default or acquiescence therein, and every power, right and remedy given by each Transaction Document to the Lender may, to the extent permitted by law, be exercised from time to time and as often as may be deemed expedient by the Lender.
Appears in 1 contract
Samples: Loan Agreement (Marriott Hotel Properties Ii Limited Partnership)
Remedies Cumulative; Delay or Omission Not a Waiver. To the --------------------------------------------------- extent permitted by law, every remedy given hereunder or in any other Transaction Document to the Lender shall not be exclusive of any other remedy or remedies, and every such remedy shall be cumulative and in addition to every remedy provided by statute, law, equity or otherwise. The Lender may exercise all or any of the powers, rights or remedies given to it hereunder or which may be now or hereafter given by statute, law, equity or otherwise, in its absolute discretion. No course of dealing between the Borrower MHP and the Lender or any delay or omission of the Lender to exercise any power, right or remedy accruing upon any Event of Default shall impair any power, right or remedy or shall be construed to be a waiver of any such Event of Default or acquiescence therein, and every power, right and remedy given by each Transaction Document to the Lender may, to the extent permitted by law, be exercised from time to time and as often as may be deemed expedient by the Lender.
Appears in 1 contract
Samples: Loan Agreement (Marriott Hotel Properties Ii Limited Partnership)