Holder’s Actions Sample Clauses
The "Holder’s Actions" clause defines the rights and responsibilities of the holder of a particular instrument, asset, or contractual right to take certain actions under the agreement. Typically, this clause outlines what steps the holder may take in response to specific events, such as enforcing rights, making claims, or initiating proceedings. For example, it may specify the procedures the holder must follow to exercise remedies or notify other parties. The core function of this clause is to clarify the scope of authority and permissible actions for the holder, thereby reducing ambiguity and ensuring all parties understand the holder’s role and powers within the contract.
Holder’s Actions. Notwithstanding any other waivers by the Guarantor pursuant to this Guaranty and except as prohibited by applicable law, the Guarantor waives any right to require a Holder to: (i) continue lending money or to extend other credit to the Company; (ii) resort for payment or to proceed directly or at once against any person, including the Company or any other guarantor; (iii) commit any act or omission of any kind at any time with respect to any matter whatsoever; or (iv) demand and/or enforce compliance with the terms of any agreement by any other party thereto.
Holder’s Actions. The remedies of the holder of this Note as provided herein shall be cumulative and concurrent, and may be pursued singularly, successively or together, at the sole discretion of the holder, and may be exercised as often as occasion therefor shall arise and in connection therewith:
(a) Failure of the holder, for any period of time or on more than one occasion, to exercise its option to accelerate the Maturity Date of this Note shall not constitute a waiver of the right to exercise the same at any time thereafter or in the event of any subsequent default;
(b) No act or omission or commission of the holder, including specifically any failure to exercise any right, remedy or recourse, shall be deemed to be a waiver of or release of the same and any such waiver or release may be effected only through a written document executed by the holder and then only to the extent specifically recited therein;
(c) A waiver or release with reference to any event shall not be construed as a waiver of release of any subsequent event, similar or dissimilar, or as a bar to any subsequent exercise of the holder's rights or remedies hereunder; and
(d) Except as otherwise specifically required herein, no notice to Borrower or any other person of the exercise of any right or remedy granted to the holder by this Note shall be required.
Holder’s Actions. Guarantor waives any right to require the Holder to resort for payment from, or to proceed directly or at once against, any Person, including the Purchaser and Éclat or any other guarantor.
Holder’s Actions. The authority herein conferred upon the Holders and any action taken by the Holders hereunder under the Notes or any document, agreement or instrument referred to herein will be taken by the Holders for the protection of the Holders only, and the Holders do not assume and shall not be deemed to have assumed any responsibility to the Issuer or to any other persons with respect to any such action authorized or taken by the Holders, except as required by applicable law. No person shall be entitled to rely upon, or claim to have relied upon, any action taken or failed to have been taken by the Holders or their respective current and former consultants, agents, employees, officers, directors, agents or representatives.
Holder’s Actions. Except as otherwise provided herein, all consents and other determinations to be made by the Holders pursuant to this Agreement shall be made by Holders holding a majority-in-interest of the Registrable Securities, determined as if all of the Warrants outstanding have been converted into or exercised for Registrable Securities.
Holder’s Actions. 16 Section 11.12
Holder’s Actions. The Holder may take or release the Collateral or other security, may release any party primarily or secondarily liable for any indebtedness to the Holder, may grant extensions, renewals or indulgences with respect to such indebtedness, and may apply any other security therefor held by it to the satisfaction of such indebtedness, all without prejudice to any of its rights or the Company's obligations hereunder or under the Note.