Common use of No Marshalling Clause in Contracts

No Marshalling. Bank shall be under no obligation to marshal any assets in favor of Borrower, or against or in payment of the Obligations or any other obligation owned to Bank by Borrower or any other Person.

Appears in 4 contracts

Sources: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\), Ex Im Credit Agreement (Landec Corp \Ca\)

No Marshalling. Bank The Lender shall be under no obligation to marshal any assets in favor of the Borrower, or against or in payment of the Obligations or any other obligation owned to Bank the Lender by the Borrower or any other Person.

Appears in 4 contracts

Sources: Credit and Security Agreement (Corsair Components, Inc.), Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc)

No Marshalling. Bank Lender shall be under no obligation to marshal any assets in favor of Borrower, or against or in payment of the Obligations or any other obligation owned to Bank Lender by Borrower or any other Person.

Appears in 2 contracts

Sources: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

No Marshalling. Bank The Lender shall be under no obligation to marshal any assets in favor of Borrowerthe Borrowers, or against or in payment of the Obligations or any other obligation owned to Bank the Lender by Borrower the Borrowers or any other Person.

Appears in 1 contract

Sources: Credit and Security Agreement (Netlist Inc)

No Marshalling. Bank The Lender shall be under no obligation to marshal any assets in favor of Borrower, or against or in payment of the Obligations or Collateral for the benefit of any other obligation owned to Bank by Borrower or any other Person, and each Borrower expressly waives all rights, if any, to require the Lender to marshal any Collateral.

Appears in 1 contract

Sources: Loan and Security Agreement (Insmed Inc)