Common use of Election of Remedies Clause in Contracts

Election of Remedies. Agent shall have the right in Agent’s sole discretion to determine which rights, security, Liens or remedies Agent may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Agent’s other rights, security, Liens or remedies with respect to any Collateral or any of Agent’s rights or remedies under this Agreement or any other Loan Document.

Appears in 14 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

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Election of Remedies. Agent shall have the right in Agent’s 's sole discretion to determine which rights, security, Liens or remedies Agent may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Agent’s 's other rights, security, Liens or remedies with respect to any Collateral or any of Agent’s 's rights or remedies under this Agreement or any other Loan Document.

Appears in 6 contracts

Samples: Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Horizon Global Corp), Loan and Security Agreement (Aytu Biopharma, Inc)

Election of Remedies. Agent Agent, acting upon the instructions of the Required Lenders, shall have the right in Agent’s sole discretion to determine which rights, security, Liens or and/or remedies Agent may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Agent’s other rights, security, Liens or remedies with respect to any Collateral such Property, or any of Agent’s rights or remedies under this Agreement or any other Loan Document.

Appears in 3 contracts

Samples: Loan and Security Agreement (Olb Group, Inc.), Loan and Security Agreement (Sypris Solutions Inc), Loan and Security Agreement (Excel Corp)

Election of Remedies. Agent shall have the right in Agent’s sole discretion to determine which rights, security, Liens or and/or remedies Agent may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Agent’s other rights, security, Liens or remedies with respect to any Collateral such Property, or any of Agent’s rights or remedies under this Agreement or any other Loan Document.

Appears in 3 contracts

Samples: Super Priority (iMedia Brands, Inc.), Loan and Security Agreement (iMedia Brands, Inc.), Loan and Security Agreement (SkyWater Technology, Inc)

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Election of Remedies. Agent shall have the right in Agent’s 's sole discretion discretion, subject to direction by Required Lenders, to determine which rights, security, Liens or remedies Agent may at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way impairing, modifying or affecting any of Agent’s 's or any Lender's other rights, security, Liens or remedies with respect to any Collateral or any of Agent’s 's or any Lender's rights or remedies under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (NXT-Id, Inc.)

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