Common use of Remedies Cumulative; Waivers Clause in Contracts

Remedies Cumulative; Waivers. All remedies of the Lender provided for herein and/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 the other Loan Documents, at law and/or in equity. The exercise of any right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or Event of Default hereunder or under any other Loan Document, or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver of any subsequent failure to observe or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar act.

Appears in 4 contracts

Samples: Loan Agreement (RFS Hotel Investors Inc), Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Innkeepers Usa Trust/Fl)

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Remedies Cumulative; Waivers. All Lender may, in Lender’s sole and absolute discretion, accept or reject any proposed cure of an Event of Default. In no event shall any provision of this Agreement or any other Loan Document which provides that Lender shall have certain rights and/or remedies only during the continuance of an Event of Default be construed so as to require Lender to accept a cure of any such Event of Default. Any amounts recovered from the Property or any other collateral for the Loan after an Event of Default may be applied by Lender toward the payment of any interest and/or principal of the Loan and/or any other amounts due under the Loan Documents in such order, priority and proportions as Lender in its sole discretion shall determine. The rights, powers and remedies of the Lender provided for herein and/or in the other Loan Documents are under this Agreement shall be cumulative and shall be in addition not exclusive of any other right, power or remedy which Lender may have against Borrower pursuant to any and all other rights and remedies provided for this Agreement or available under the other Loan Documents, or existing at law and/or or in equityequity or otherwise. The Lender’s rights, powers and remedies may be pursued singularly, concurrently or otherwise, at such time and in such order as Lender may determine in Lender’s sole discretion. No delay or omission to exercise of any remedy, right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or power accruing upon an Event of Default hereunder shall impair any such remedy, right or under any other Loan Document, power or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient. A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent failure Default or Event of Default by Borrower or to observe impair any remedy, right or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar actpower consequent thereon.

Appears in 2 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Remedies Cumulative; Waivers. All Lender may, in Lender’s sole and absolute discretion, accept or reject any proposed cure of an Event of Default. In no event shall any provision of this Agreement or any other Loan Document which provides that Lender shall have certain rights and/or remedies only during the continuance of an Event of Default be construed so as to require Lender to accept a cure of any such Event of Default. Any amounts recovered from the Properties or any other collateral for the Loan after an Event of Default may be applied by Lender toward the payment of any interest and/or principal of the Loan and/or any other amounts due under the Loan Documents in such order, priority and proportions as Lender in its sole discretion shall determine. The rights, powers and remedies of the Lender provided for herein and/or in the other Loan Documents are under this Agreement shall be cumulative and shall be in addition not exclusive of any other right, power or remedy which Lender may have against Borrower pursuant to any and all other rights and remedies provided for this Agreement or available under the other Loan Documents, or existing at law and/or or in equityequity or otherwise. The Lender’s rights, powers and remedies may be pursued singularly, concurrently or otherwise, at such time and in such order as Lender may determine in Lender’s sole discretion. No delay or omission to exercise of any remedy, right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or power accruing upon an Event of Default hereunder shall impair any such remedy, right or under any other Loan Document, power or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient. A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent failure Default or Event of Default by Borrower or to observe impair any remedy, right or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar actpower consequent thereon.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Remedies Cumulative; Waivers. All remedies of the Lender provided for herein and/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 the other Loan Documents, at law and/or in equity. The exercise of any right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or Event of Default hereunder or under any other Loan Document, or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein extenttherein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver of any subsequent failure to observe or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar act.

Appears in 1 contract

Samples: Loan Agreement (Cedar Shopping Centers Inc)

Remedies Cumulative; Waivers. All remedies of the Lender provided for herein and/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 the other Loan Documents, at law and/or in equity. The exercise of any right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or Event of Default hereunder or under any other Loan Document, or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default Default. hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver of any subsequent failure to observe or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar act.

Appears in 1 contract

Samples: Loan Agreement (Brassie Golf Corp)

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Remedies Cumulative; Waivers. All The rights, powers and remedies of the Lender provided for herein and/or in the other Loan Documents are and Agent under this Agreement shall be cumulative and shall be in addition not exclusive of any other right, power or remedy which Lender or Agent may have against Borrower pursuant to any and all other rights and remedies provided for this Agreement, the Security Instrument, the Pledge Agreement, the Note or available under the other Loan Documents, or existing at law and/or or in equityequity or otherwise. The Xxxxxx’s and Agent’s rights, powers and remedies may be pursued singularly, concurrently or otherwise, at such time and in such order as Lender or Agent may determine in Xxxxxx’s or Agent’s sole discretion. No delay or omission to exercise of any remedy, right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or power accruing upon an Event of Default hereunder shall impair any such remedy, right or under any other Loan Document, power or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient. A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent failure Default or Event of Default by Borrower or to observe impair any remedy, right or comply with power consequent thereon. Section 15.2 Modification, Waiver in Writing. No modification, amendment, extension, discharge, termination or waiver of any provision of this Agreement, the Security Instrument, the Pledge Agreement, the Note and the other Loan Documents, nor consent to any departure by Borrower therefrom, shall in any event be effective unless the same covenant, term or condition. The consent or approval shall be in a writing signed by the Lender parties thereto, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which given. Except as otherwise expressly provided herein, no notice to, or demand on Borrower, shall entitle Borrower to any other or of any act by future notice or demand in the Borrower requiring further consent same, similar or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar act.other circumstances. Section 15.3

Appears in 1 contract

Samples: Loan Agreement (CaliberCos Inc.)

Remedies Cumulative; Waivers. All The rights, powers and remedies of the Lender provided for herein and/or in the other Loan Documents are under this Agreement shall be cumulative and shall be in addition not exclusive of any other right, power or remedy which Lender may have against Borrower pursuant to any and all other rights and remedies provided for this Agreement, the Security Instrument, the Note or available under the other Loan Documents, or existing at law and/or or in equityequity or otherwise. The Xxxxxx’s rights, powers and remedies may be pursued singularly, concurrently or otherwise, at such time and in such order as Lender may determine in Xxxxxx’s sole discretion. No delay or omission to exercise of any remedy, right or remedy by the Lender hereunder shall not in any way constitute a cure or waiver of any Default Condition or power accruing upon an Event of Default hereunder shall impair any such remedy, right or under any other Loan Document, power or invalidate any act done pursuant to any notice of the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise of any of its rights hereunder or under or any other Loan Document, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient. A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent failure Default or Event of Default by Borrower or to observe impair any remedy, right or comply with power consequent thereon. Section 14.2 Modification, Waiver in Writing. Except as otherwise expressly provided herein, no modification, amendment, extension, discharge, termination or waiver of any provision of this Agreement, the Security Instrument, the Note and the other Loan Documents, nor consent to any departure by Borrower therefrom, shall in any event be effective unless the same covenant, term or condition. The consent or approval shall be in a writing signed by the Lender party against whom enforcement is sought, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which given. Except as otherwise expressly provided herein, no notice to, or demand on Borrower, shall entitle Borrower to any other or of any act by future notice or demand in the Borrower requiring further consent same, similar or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent or similar act.other circumstances. Section 14.3

Appears in 1 contract

Samples: Loan Agreement (Silver Star Properties Reit, Inc)

Remedies Cumulative; Waivers. All The specific remedies to which the Landlord may resort under the terms of the Lender provided for herein and/or in the other Loan Documents this Lease are cumulative and shall are not intended to be exclusive of any other remedies or means of redress to which the Landlord may be lawfully entitled in addition to any and all other rights and remedies provided for provision of this Lease or available under the other Loan Documents, at law and/or in equityotherwise. The exercise failure of any right the Landlord or remedy by the Lender hereunder shall not Tenant to insist in any way constitute a cure one or waiver of any Default Condition or Event of Default hereunder or under any other Loan Document, or invalidate any act done pursuant to any notice of more cases upon the occurrence of any Default Condition or Event of Default, or prejudice the Lender in the exercise strict performance of any of its rights hereunder the covenants of this Lease, or under or to exercise any other Loan Documentoption herein contained, unless, in the exercise of said rights, the Lender realizes all amounts owed to it under the Loan Documents. No waiver of any Default Condition or Event of Default hereunder shall be implied from any delay or omission by the Lender to take action on account of such Default Condition or Event of Default, and no express waiver shall affect any Default Condition or Event of Default other than the Default Condition or Event of Default specified in the waiver and it shall be operative only for the time and to the extent therein stated. Waivers of any covenants, terms or conditions contained herein must be in writing and shall not be construed as a waiver or relinquishment for the future of such covenant or option. A receipt by the Landlord, or payment by the Tenant, of Basic Rent or Additional Rent with knowledge of the breach of any subsequent failure to observe or comply with the same covenant, term or condition. The consent or approval by the Lender to or of any act by the Borrower requiring further consent or approval covenant hereof shall not be deemed to waive a waiver of such breach, and no waiver, change, modification or render unnecessary discharge by the consent or approval to or Landlord of any subsequent provision in this Lease shall be deemed to have been made or shall be effective unless expressed in writing and signed by an authorized representative of the Landlord or the Tenant as appropriate. Nor shall any endorsement or statement on any check or in any letter accompanying any check or payment be deemed an accord and satisfaction; and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such installment or pursue any other right or remedy. The delivery of keys (or any similar act) to Landlord shall not operate as a termination of the Term or an acceptance or surrender of the Premises. The acceptance by Landlord of any rent following the giving of any default and/or termination notice shall not be deemed a waiver of such notice.

Appears in 1 contract

Samples: Lease (Rapid Micro Biosystems, Inc.)

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