Common use of Waivers and remedies cumulative Clause in Contracts

Waivers and remedies cumulative. (a) The rights and remedies of the Collateral Agent under this Agreement: (i) may be exercised as often as necessary; (ii) are cumulative and not exclusive of its rights under applicable law; and (iii) may be waived only in writing and specifically. (b) Delay in exercising, or non-exercise, of any right or remedy under this Agreement is not a waiver of that right or remedy.

Appears in 27 contracts

Samples: Pledge and Security Agreement (Borse Dubai LTD), Pledge Agreement (Vector Group LTD), Security Agreement (Vector Group LTD)

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Waivers and remedies cumulative. (a) The rights and remedies of the Collateral Agent under this Agreement: : (i) may be exercised as often as necessary; ; (ii) are cumulative and not exclusive of its rights under applicable law; and and (iii) may be waived only in writing and specifically. (b) Delay in exercising, or non-exercise, of any right or remedy under this Agreement is not a waiver of that right or remedy.

Appears in 1 contract

Samples: Pledge Agreement (Vector Group LTD)

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