Waiver of Rights by Borrower. Except as may be otherwise specifically provided herein or in any other agreement between Lender and Borrower which may be applicable, Borrower waives, to the extent permitted by law, any bonds, security or sureties required by any statute, rule or otherwise by law as an incident to any taking of possession by Lender of property subject to Lender’s Lien. Borrower authorizes Lender, upon the occurrence of an Event of Default, to peacefully enter upon any premises owned by or leased to Borrower without obligation to pay rent or for use and occupancy, through self help, without judicial process and without having first given notice to Borrower or obtained an order of any court.
Appears in 4 contracts
Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)
Waiver of Rights by Borrower. Except as may be otherwise specifically provided herein or in any other agreement between Lender and Borrower which may be applicablethis Agreement, Borrower waives, to the extent permitted by law, any all bonds, security or sureties required by any statute, rule Governmental Rule or otherwise by law as an incident to any Lender’s taking of possession by Lender of property subject to Lender’s Lienof, or sale, lease, license or other disposition of, any Collateral. Borrower authorizes Lender, upon the occurrence of an Event of Default, Default to peacefully enter upon any premises owned by or leased to Borrower where the Collateral is kept, without obligation to pay rent or for use and occupancy, through self help, without judicial process and without having first given notice to Borrower or obtained an order of any court, and peacefully retake possession thereof by securing at or removing same from such premises.
Appears in 4 contracts
Samples: Loan and Security Agreement (Blue Star Foods Corp.), Loan and Security Agreement (Castle Brands Inc), Loan and Security Agreement (Castle Brands Inc)
Waiver of Rights by Borrower. Except as may be otherwise specifically provided herein or in any other agreement between Lender and Borrower which may be applicablethis Agreement, Borrower waives, to the extent permitted by law, any all bonds, security or sureties required by any statute, rule Governmental Rule or otherwise by law as an incident to any Lender's taking of possession by Lender of property subject to Lender’s Lienof, or sale, lease, license or other disposition of, any Collateral. Borrower authorizes Lender, upon the occurrence of an Event of Default, Default to peacefully enter upon any premises owned by or leased to Borrower where the Collateral is kept, without obligation to pay rent or for use and occupancy, through self self-help, without judicial process and without having first given notice to Borrower or obtained an order of any court, and peacefully retake possession thereof by securing at or removing same from such premises.
Appears in 1 contract
Waiver of Rights by Borrower. Except as may be otherwise specifically provided herein or in any other agreement between Lender and Borrower which may be applicablethis Agreement, Borrower waives, to the extent permitted by law, any all bonds, security or sureties required by any statute, rule Governmental Rule or otherwise by law as an incident to any Lender’s taking of possession by Lender of property subject to Lender’s Lienof, or sale, lease, license or other disposition of, any Collateral. Borrower authorizes Lender, upon the occurrence of an Event of Default, Default to peacefully enter upon any premises owned by or leased to Borrower where the Collateral is kept, without obligation to pay rent or for use and occupancy, through self self-help, without judicial process and without having first given notice to Borrower or obtained an order of any court, and peacefully retake possession thereof by securing at or removing same from such premises.
Appears in 1 contract
Samples: Loan and Security Agreement (General Employment Enterprises Inc)
Waiver of Rights by Borrower. Except as may be otherwise specifically provided herein or in any other agreement between Lender and Borrower which may be applicable, Borrower waives, to the extent permitted by law, any bonds, security or sureties required by any statute, rule or otherwise by law as an incident to any taking of possession by Lender of property subject to Lender’s 's Lien. Borrower authorizes Lender, upon the occurrence of an Event of Default, to peacefully enter upon any premises owned by or leased to Borrower without obligation to pay rent or for use and occupancy, through self help, without judicial process and without having first given notice to Borrower or obtained an order of any court.
Appears in 1 contract
Samples: Loan and Security Agreement (A Consulting Team Inc)