Waiver by Pledgor. Secured Party has no obligation and Pledgor waives any obligation to attempt to satisfy the Obligations by collecting the obligations from any third parties and Secured Party may release, modify or waive any collateral provided by any third party to secure any of the Obligations, all without affecting the Secured Party’s rights against Pledgor. Pledgor further waives any obligation on the part of Secured Party to marshal any assets in favor of Pledgor or in payment of the Obligations. Notwithstanding any provisions in this Agreement or any other agreement between Pledgor, the Secured Party, Pledgor does not waive any statutory rights except to the extent that the waiver thereof is permitted by law.
Appears in 6 contracts
Samples: Pre Merger Loan and Funding Agreement (Victory Energy Corp), Pre Merger Loan and Funding Agreement (Lucas Energy, Inc.), Pre Merger Loan and Funding Agreement (Victory Energy Corp)
