Common use of Rights Exclusive of Default Clause in Contracts

Rights Exclusive of Default. 1. This Security Agreement, Secured Party's rights hereunder or the Obligations hereby secured may be assigned from time to time, and in any such case Secured Party's assignee shall be entitled to all of the rights, privileges and remedies granted in this Security Agreement to Secured Party, and Debtor will assert no claim or defenses it may have against Secured Party against Secured Party's assignee, except those arising out of this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (Torque Engineering Corp), Security Agreement (Trans Energy Inc)

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Rights Exclusive of Default. 1. This Security Agreement, the Secured Party's ’s rights hereunder or the Obligations Indebtedness hereby secured may be assigned from time to time, and in any such case Secured Party's assignee the Assignee shall be entitled to all of the rights, privileges and remedies granted in this Security Agreement to the Secured Party, and the Debtor will assert no claim claims or defenses it may have against the Secured Party against Secured Party's assigneethe Assignee, except those arising out of granted in this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (Schlotzskys Inc), Security Agreement (Schlotzskys Inc)

Rights Exclusive of Default. (1. ) This Security Agreement, Secured Party's rights hereunder or the Obligations indebtedness hereby secured may be assigned from time to time, and in any such case Secured Party's assignee the Assignee shall be entitled to all of the rights, privileges and remedies granted in this Security Agreement to Secured Party, and Debtor will assert no claim claims or defenses it may have against Secured Party against Secured Party's assignee, the Assignee except those arising out of granted in this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (Sonic Automotive Inc), Security Agreement (Sonic Automotive Inc)

Rights Exclusive of Default. 1. (i) This Security Agreement, the Secured Party's rights hereunder or the Obligations Indebtedness hereby secured may be assigned by the Secured Party (or any subsequent assignee) from time to time, and in any such case Secured Party's the assignee shall be entitled to all of the rights, privileges and remedies granted in this Security Agreement to the Secured Party, ; and in such event Debtor will assert no claim claims or defenses defenses, other than a defense that it has performed its obligations under the Note and this Security Agreement, it may have against the Secured Party against Secured Party's the assignee, except those arising out of granted in this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Msi Holdings Inc/)

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Rights Exclusive of Default. (1. ) This Security Agreement, Secured Party's rights hereunder or the Obligations indebtedness hereby secured may be assigned from time to time, and in any such case Secured Party's assignee the Assignee shall be entitled to all of the rights, privileges and remedies granted in this Security Agreement to Secured Party, and Debtor will assert no claim claims or defenses it he may have against Secured Party against Secured Party's assignee, the Assignee except those arising out of granted in this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Sonic Automotive Inc)

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