Common use of Continuing Powers Clause in Contracts

Continuing Powers. Until all Indebtedness shall have been paid in full, the power of sale and all other rights, powers and remedies granted to Bank hereunder shall continue to exist and may be exercised by Bank at the time specified hereunder irrespective of the fact that the Indebtedness or any part thereof may have become barred by any statute of limitations, or that the personal liability of Pledgor or any one or more of them may have ceased. Pledgor waives the benefit of any statute of limitations as applied to this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Brocade Communications Systems Inc), Security Agreement (Gen Probe Inc)

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Continuing Powers. Until all Indebtedness shall have been paid in full, the power of sale and full all other rights, powers and remedies granted to Bank hereunder shall continue to exist and may be exercised by Bank at the time specified hereunder irrespective of the fact that the Indebtedness or any part thereof may have become barred by any statute of limitations, or that the personal liability of Pledgor or any one or more of them may have ceased. Pledgor waives the benefit of any statute of limitations as applied to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Schmitt Industries Inc)

Continuing Powers. Until all Indebtedness shall have been paid in full, the power of sale and all other rights, powers and remedies granted to the Bank hereunder shall continue to exist and may be exercised by the Bank at the time specified hereunder irrespective of the fact that the Indebtedness or any part thereof may have become barred by any statute of limitations, or that the personal liability of the Pledgor or any one or more of them the Debtor may have ceased. The Pledgor waives the benefit of any statute of limitations as applied to this Agreement.

Appears in 1 contract

Samples: Note Modification Agreement (Acadia Realty Trust)

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Continuing Powers. Until all Indebtedness shall have been paid in full, the power of sale and all other rights, powers and remedies granted to Bank hereunder shall continue to exist and may be exercised by Bank at the time specified hereunder irrespective of the fact that the Indebtedness or any part thereof may have become barred by any statute of limitations, or that the personal liability of Pledgor Debtor or any one or more of them may have ceased. Pledgor waives the benefit of any statute of limitations as applied to this Security Agreement.

Appears in 1 contract

Samples: Chromavision Medical Systems Inc

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