No Marshalling. The Junior Lender, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights, if any, to require a marshalling of the Borrower’s assets by the Senior Lender or to require that the Senior Lender first resort to some or any portion of any collateral for the Senior Debt before foreclosing upon, selling or otherwise realizing on any other portion thereof.
Appears in 3 contracts
Sources: Subordination of Debt Agreement (Venus Concept Inc.), Subordination of Debt Agreement (Venus Concept Inc.), Subordination of Debt Agreement (Venus Concept Inc.)
No Marshalling. The Junior Lender, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights, if any, to require a marshalling of the Borrower’s 's assets by the Senior Lender or to require that the Senior Lender first resort to some or any portion of any collateral for the Senior Debt before foreclosing upon, selling or otherwise realizing on any other portion thereof.
Appears in 2 contracts
Sources: Subordination Agreement (Cti Industries Corp), Subordination Agreement (Cti Industries Corp)
No Marshalling. The Junior Lender, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights, if any, to require a marshalling of the Borrower’s Debtor's assets by the Senior Lender or to require that the Senior Lender first resort to some or any portion of any collateral for the Senior Debt before foreclosing upon, selling or otherwise realizing on any other portion thereof.
Appears in 1 contract
Sources: Subordination of Debt Agreement (Venus Concept Inc.)
No Marshalling. The Junior Lender, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights, if any, to require a marshalling of the Borrower’s Obligors’ assets by the Senior Lender or to require that the Senior Lender first resort to some or any portion of any collateral for the Senior Debt before foreclosing upon, selling or otherwise realizing on any other portion thereof.
Appears in 1 contract
Sources: Subordination of Debt Agreement (Venus Concept Inc.)
No Marshalling. The Junior Lender, on its own behalf and on behalf of its successors and assigns hereby expressly waives all rights, if any, to require a marshalling of the BorrowerCraftmade’s or any Pledgor’s assets by the Senior Lender or to require that the Senior Lender first resort to some or any portion of any collateral for the Senior Debt before foreclosing upon, selling or otherwise realizing on any other portion thereof.
Appears in 1 contract
Sources: Subordination Agreement (Craftmade International Inc)