Common use of Cumulative Rights and No Waiver Clause in Contracts

Cumulative Rights and No Waiver. Each and every right granted to Lender under any Loan Document, or allowed it by law or equity shall be cumulative of each other and may be exercised in addition to any and all other rights of Lender, and no delay in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise by Lender of any right preclude any other or future exercise thereof or the exercise of any other right. Borrower expressly waives any presentment, demand, protest, notice of demand, notice of protest, notice of nonpayment, notice of dishonor or other notice of any kind, including but not limited to notice of intent to accelerate and notice of acceleration. No notice to or demand on Borrower in any case shall, of itself, entitle Borrower to any other or future notice or demand in similar or other circumstances.

Appears in 4 contracts

Samples: Securities Purchase Agreement, Loan Agreement, Securities Purchase Agreement (Crossroads Systems Inc)

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Cumulative Rights and No Waiver. Each and every right granted to the Lender under any Loan Document, or allowed it by law or equity equity, shall be cumulative of each other and may be exercised in addition to any and all other rights of the Lender, and no delay in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise by the Lender of any right preclude any other or future exercise thereof or the exercise of any other right. The Borrower expressly waives any presentment, demand, protest, notice of demand, notice of protest, notice of nonpayment, notice of dishonor protest or other notice of any kind, including but not limited to notice of intent to accelerate and notice of acceleration. No notice to or demand on the Borrower in any case shall, of itself, shall entitle the Borrower to any other or future notice or demand in similar or other circumstancescircumstances unless expressly required in this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Virginia Commerce Bancorp Inc)

Cumulative Rights and No Waiver. Each and every right granted to Lender Administrative Agent or the Lenders under any Loan Document, or allowed it by law or equity shall be cumulative of each other and may be exercised in addition to any and all other rights of LenderAdministrative Agent or the Lenders, and no delay in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise by Lender Administrative Agent or the Lenders of any right preclude any other or future exercise thereof or the exercise of any other right. Each Borrower expressly waives any presentment, demand, protest, notice of demand, notice of protest, notice of nonpayment, notice of dishonor protest or other notice of any kind, including but not limited to notice of intent to accelerate and notice of acceleration. No notice to or demand on any Borrower in any case shall, of itself, entitle such Borrower to any other or future notice or demand in similar or other circumstances.

Appears in 1 contract

Samples: Loan Agreement (TransCoastal Corp)

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Cumulative Rights and No Waiver. Each and every right granted to Lender Administrative Agent and/or the Lenders under any Loan Document, or allowed it them by law or equity shall be cumulative of each other and may be exercised in addition to any and all other rights of LenderAdministrative Agent and/or the Lenders, and no delay in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise by Lender Administrative Agent and/or the Lenders of any right preclude any other or future exercise thereof or the exercise of any other right. Borrower expressly waives any presentment, demand, protest, notice of demand, notice of protest, notice of nonpayment, notice of dishonor protest or other notice of any kind, including but not limited to notice of intent to accelerate and notice of acceleration. No notice to or demand on Borrower in any case shall, of itself, entitle Borrower to any other or future notice or demand in similar or other circumstances.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

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