Common use of Alternative Remedies Clause in Contracts

Alternative Remedies. Bank may exercise its rights and remedies hereunder either alternatively or concurrently with its rights under any and all other agreements between Bank and Borrower and shall have the full right to realize upon all available Collateral, collecting on the same or instituting proceedings in connection therewith, until Bank receives payment in full of all amounts owing to Bank under any of its agreements with Borrower, including principal, interest, costs and expenses, and costs of enforcement or attempted enforcement of this or any other agreement among or between Bank and Borrower or any Other Obligors. Bank shall be under no obligation to pursue Bank’s rights against any Other Obligor or any of the collateral of any Other Obligor securing any of the Obligations before pursuing Bank’s rights against Borrower, or the Collateral.

Appears in 4 contracts

Samples: Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp)

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Alternative Remedies. Bank may exercise its rights and remedies hereunder either alternatively or concurrently with its rights under any and all other agreements among or between Bank and Borrower or any Other Obligor and shall have the full right to realize upon all any available Collateralcollateral security for any of the Obligations, collecting on the same or instituting proceedings in connection therewith, until Bank receives payment in full of all amounts owing to Bank under any of its agreements with Borrower, including principal, interest, costs and expenses, and costs of enforcement or attempted enforcement of this or any other agreement among or between Bank and Borrower or any Other Obligors. Bank shall be under no obligation to pursue Bank’s rights against any Other Obligor or any of the collateral of any Other Obligor securing any of the Obligations before pursuing Bank’s rights against Borrower, or the CollateralObligor.

Appears in 1 contract

Samples: Pharmakinetics Laboratories Inc

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Alternative Remedies. Bank may exercise its rights and remedies hereunder either alternatively or concurrently with its rights under any and all other agreements between Bank and Borrower and shall have the full right to realize upon all available Collateral, collecting on the same or instituting proceedings in connection therewith, until Bank receives payment in full of all amounts owing to Bank under any of its agreements with Borrower, including principal, interest, costs and expenses, and costs of enforcement or attempted enforcement of this or any other agreement among or between Bank and Borrower or any Other Obligors. Bank shall be under no obligation to pursue Bank’s 's rights against any Other Obligor or any of the collateral of any Other Obligor securing any of the Obligations before pursuing Bank’s 's rights against Borrower, or the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

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