Selective Enforcement. In the event the Lender shall elect to selectively and successively enforce its rights under any of the Loan Documents, such action shall not be deemed a waiver or discharge of any other lien, encumbrance or security instrument securing payment of the Note until such time as the Lender shall have been paid in full all sums advanced under the Note. The foreclosure of any lien provided pursuant to this Agreement without the simultaneous foreclosure of all such liens shall not merge the liens granted which are not foreclosed with any interest which the Lender might obtain as a result of such elective and successive foreclosure.
Selective Enforcement. In the event the Bank elects to selectively and successively enforce its rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Loan Documents, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of such indebtedness until such time as the Bank has been paid in full all sums owing to Bank.
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Note, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Note until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.
Selective Enforcement. The PARTIES agree that the failure of any party to enforce or exercise any right, condition, term, or provision of this AGREEMENT shall not be construed as or deemed a relinquishment or waiver thereof, and the same shall continue in full force and effect.
Selective Enforcement. In the event Lender shall elect to selectively and successively enforce its rights, such action shall not be deemed a waiver or discharge of any other lien, encumbrance or security instrument securing payment of the Note until such time as Lender shall have been paid in full all sums outstanding under the Note.
Selective Enforcement. In the event Secured Party shall elect to selectively and successively enforce its rights and remedies in respect of any of the Collateral, pursuant to any applicable agreements or otherwise, such action shall not be deemed a waiver or discharge of any other right, remedy, lien or encumbrance until such time as Secured Party shall have been paid in full the Indebtedness.
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of this Agreement or the Related Agreements, such action will not be deemed a waiver or discharge of any other right or remedy until such time as all of the Corporation's obligations thereunder have been satisfied.
Selective Enforcement. In the event either party elects selectively and successively to enforce its rights under any one or more of the instruments securing payment of the Advancing Notes, or the Loan Documents, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of the Advancing Notes until such time as the Bank shall have been paid in full all sums advanced by the Bank.
Selective Enforcement. The Lender is not required to proceed against the Collateral to satisfy the obligations of the Borrower hereunder which are general obligations of the Borrower. The Lender may elect to proceed against the Collateral in any order or priority, however, the Borrower will be liable for any deficiency. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Note, such action will not be deemed a waiver or discharge of any remaining indebtedness hereunder or of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Note Initial Approval FINAL DOCUMENT --------- --------- ---------
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of the Loan Documents, such action will not be deemed a waiver or discharge of any other right, lien or encumbrance securing payment of the Consolidated Note. Lender may proceed against the Borrowers or any guarantor selectively and without any requirement to proceed against all of them or against any of them in any particular order.
