Common use of Selective Enforcement Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Agreement (Chesapeake Energy Corp), Loan Agreement (Fleming Companies Inc /Ok/), Loan Agreement (Chesapeake Energy Corp)

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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 NoteIndebtedness, 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 Indebtedness until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.Lender;

Appears in 3 contracts

Samples: Loan Agreement (Excalibur Industries Inc), Guaranty Agreement (Excalibur Industries Inc), Guaranty Agreement (Shumate Industries Inc)

Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's its rights under this Agreement or any one or more of the instruments securing payment other Loan Documents, or against any portion of the indebtedness evidenced by the NoteCollateral, such action will shall not be deemed a waiver or discharge of any other right, lien or encumbrance securing payment of any of the indebtedness evidenced by the Note until such time as the Lender has shall have been paid in full all sums advanced by Indebtedness of the Lender plus all accrued interest thereonBorrower to the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Addvantage Technologies Group Inc), Loan Agreement (Addvantage Technologies Group Inc)

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Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's ’s rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Amended and Restated 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 Amended and Restated Note until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.Lender;

Appears in 1 contract

Samples: Loan Agreement (Future Now Group Inc.)

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