Common use of Rights with respect to Collateral Clause in Contracts

Rights with respect to Collateral. Each Creditor agrees with all other Creditors and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to the Agreement), or take or institute any action against the Agent or any of the other Creditors in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Creditor has no other rights with respect to the Collateral other than as set forth in this Agreement.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Nauticus Robotics, Inc.), Security Agreement (Creatd, Inc.), Security Agreement (Anpath Group, Inc.)

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Rights with respect to Collateral. Each Creditor Lender agrees with all other Creditors Lenders and the Agent (ia) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to the this Agreement), or take or institute any action against the Agent or any of the other Creditors Lenders in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (iib) that such Creditor Lender has no other rights with respect to the Collateral other than as set forth in this AgreementAgreement and the other Facility Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Ruthigen, Inc.)

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