Common use of Remedies; No Remedy Exclusive Clause in Contracts

Remedies; No Remedy Exclusive. (a) Upon the occurrence of an Event of Servicing Termination, the Insurer may take whatever action at law or in equity as may appear necessary or desirable in its judgment to collect the amounts, if any, then due under this Insurance Agreement, the Assignment and Servicing Agreement or the Indenture or to enforce performance and observance of any obligation, agreement or covenant of IOS Capital, the Seller or the Issuer under this Insurance Agreement, the Assignment and Servicing Agreement or the Indenture.