Waivers by Debtor. Debtor expressly waives any right to require Secured Party to (a) proceed against any person, (b) marshal assets or proceed against or exhaust Collateral or any part thereof, or (c) pursue any other remedy in Secured Party’s power; and Debtor waives any defense arising by reason of any disability or other defense of any other person or entity, or by reason of the cessation from any cause whatsoever of the liability of Debtor or any other person or entity. Debtor consents and agrees that Secured Party may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness of this Agreement: (i) accept new or additional instruments, documents, or agreements in exchange for or relative to any or all of the Secured Obligations; (ii) accept partial payments on or partial performance of any or all of the Secured Obligations; (iii) receive and hold additional security or guaranties for any or all of the Secured Obligations or any part thereof; (iv) release, reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute, transfer, and enforce any security or guaranties; (v) apply any Collateral or other security and direct the order or manner of sale thereof as Secured Party may determine;(vi) consent to the transfer of any Collateral or other security for any or all of the Secured Obligations; and (vii) bid and purchase at any sale of Collateral.
Appears in 4 contracts
Samples: Security Agreement (Biotime Inc), First Amended and Restated Security Agreement (Biotime Inc), Third Amended and Restated Security Agreement (Biotime Inc)
