Common use of Cumulative and Other Rights Clause in Contracts

Cumulative and Other Rights. The rights, powers and remedies of the Collateral Agent hereunder are in addition to all rights, powers and remedies given by law or in equity. The exercise by the Collateral Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without limitation, any other rights of set-off. If any of the Obligations are given in renewal, extension for any period or rearrangement, or applied toward the payment of debt secured by any lien, the Collateral Agent shall be, and is hereby, subrogated to all the rights, titles, interests and liens securing the debt so renewed, extended, rearranged or paid. The Collateral Agent shall also be entitled to all of the rights, remedies and protections set forth in the Collateral Agency Agreement, as if expressly set forth herein.

Appears in 2 contracts

Samples: Security Agreement (Panda Interfunding Corp), Security Agreement (Panda Interfunding Corp)

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Cumulative and Other Rights. The rights, powers and remedies of the Collateral Agent for the benefit of the Secured Parties hereunder are in addition to all rights, powers and remedies given by law or in equity. The exercise by the Collateral Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without limitation, any other rights of set-offsetoff. If any of the Obligations are given in renewal, extension for any period or rearrangement, or applied toward the payment of debt secured by any lien, the Collateral Agent shall be, and is hereby, subrogated to all the rights, titles, interests and liens securing the debt so renewed, extended, rearranged or paid. The Collateral Agent shall also be entitled to all of the rights, remedies and protections set forth in the Collateral Agency Agreement, as if expressly set forth herein.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

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Cumulative and Other Rights. The rights, powers and remedies of the Collateral Agent for the benefit of the Secured Parties hereunder are in addition to all rights, powers and remedies given by law or in equity. The exercise by the Collateral Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without limitation, any other rights of set-off. If any of the Obligations are given in renewal, extension for any period or rearrangement, or applied toward the payment of debt secured by any lien, the Collateral Agent shall be, and is hereby, subrogated to all the rights, titles, interests and liens securing the debt so renewed, extended, rearranged or paid. The Collateral Agent shall also be entitled to all of the rights, remedies and protections set forth in the Collateral Agency Agreement, as if expressly set forth herein.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

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