Common use of No Marshalling Clause in Contracts

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx the Collateral; (ii) preserve or protect the rights of any Credit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 6 contracts

Samples: Term Loan and Security Agreement (Stockeryale Inc), Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Exactech Inc)

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No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx mxxxxxxx the Collateral; (ii) preserve or protect the rights of any Credit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 4 contracts

Samples: Security Agreement (Continucare Corp), Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Health Fitness Corp /Mn/)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx the Collateral; (ii) preserve or protect the rights of any Credit Party or any other Person claiming an interest in the Collateral; (iiiill) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 2 contracts

Samples: Loan Agreement (Yp Corp), Loan Agreement (Yp Corp)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights of any Credit xxx Xxxxit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 2 contracts

Samples: Loan and Security Agreement (Productivity Technologies Corp /), Term Loan and Security Agreement (Productivity Technologies Corp /)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights txx xxxxxs of any Credit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Merrill Lynch Term Loan and Security Agreement (Orbit International Corp)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshal! the Collateral; (ii) preserve or protect the rights of any Credit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Loan and Security Agreement (Thanksgiving Coffee Co Inc)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx mxxxxxxx the Collateral; (ii) preserve or protect the rights of any Credit Party or any other Person claiming an interest in the Collateral; (iiiill) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Loan and Security Agreement (Yp Net Inc)

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No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights of any Credit Party Cxxxxx Xxrty or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; , or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Loan and Security Agreement (Collegiate Pacific Inc)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights of any Credit xxx Xxxdit Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Productivity Technologies Corp /)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights of any Credit anx Xxxxxx Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Loan and Security Agreement (Sel-Leb Marketing Inc)

No Marshalling. MLBFS shall be under no duty or obligation to (i) preserve, protect or xxxxxxxx marshall the Collateral; (ii) preserve or protect the rights of any Credit Xxxxxx Party or any other Person claiming an interest in the Collateral; (iii) realize upon the Collateral in any particular order or manner, (iv) seek repayment of any Obligations from any particular source; (v) proceed or not proceed against any Credit Party pursuant to any guaranty or security agreement or against any Credit Party under the Loan Documents, with or without also realizing on the Collateral; (vi) permit any substitution or exchange of all or any part of the Collateral; or (vii) release any part of the Collateral from the Loan Agreement or any of the other Loan Documents, whether or not such substitution or release would leave MLBFS adequately secured.

Appears in 1 contract

Samples: Loan and Security Agreement (Orbit International Corp)

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