Common use of REMEDIES CUMULATIVE — NONWAIVER Clause in Contracts

REMEDIES CUMULATIVE — NONWAIVER. All remedies of Bank provided for in the Loan Documents are cumulative and shall be in addition to any and all rights and remedies provided for or available under any Loan Documents or at law or in equity. The exercise of any right or remedy by Bank hereunder shall not in any way constitute a cure or waiver of a default condition or an event of default hereunder or under any of the Loan Documents or validate any act done pursuant to any notice of the occurrence of default condition or an event of default or prejudice the Bank in the exercise of any of its rights under any of the Loan Documents unless, in the exercise of said rights, Bank realizes all amounts owed to Bank under the Loan Documents.

Appears in 3 contracts

Samples: Loan and Security Agreement (Martin Color-Fi Inc), Loan and Security Agreement (Martin Color-Fi Inc), Loan and Security Agreement (Martin Color-Fi Inc)

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REMEDIES CUMULATIVE — NONWAIVER. All remedies of Bank provided for herein or in the other Loan Documents are cumulative and shall be in addition to any and all other rights and remedies provided for or available under any the other Loan Documents or Documents, at law or in equity. The exercise of any right or remedy by Bank hereunder shall not in any way constitute a cure or waiver of a default condition or an event of default hereunder or under any of the applicable Loan Documents Documents, or validate invalidate any act done pursuant to any notice of the occurrence of default condition or an event of default default, or prejudice the Bank in the exercise of any of its rights hereunder or under any of the Loan Documents unless, in the exercise of said rights, Bank realizes realized all amounts owed to Bank it under the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Embrex Inc /Nc/), Promissory Note and Security Agreement (Action Products International Inc)

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REMEDIES CUMULATIVE — NONWAIVER. All remedies of Bank provided for herein or in the other Loan Documents are cumulative and shall be in addition to any and all other rights and remedies provided for or available under any the other Loan Documents or Documents, at law or in equity. The exercise of any right or remedy by Bank hereunder shall not in any way constitute a cure or waiver of a default condition or an event of default Default hereunder or under any of the Loan Documents Documents, or validate invalidate any act done pursuant to any notice of the occurrence of default condition or an event of default a Default, or prejudice the Bank in the exercise of any of its rights hereunder or under any of the other Loan Documents Documents, unless, in the exercise of said rights, Bank realizes all amounts owed to Bank it under the Loan Documents.

Appears in 2 contracts

Samples: Master Loan Agreement (Orleans Homebuilders Inc), Loan Agreement (Prime Group Realty Trust)

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