Common use of No Merger of Judgment Clause in Contracts

No Merger of Judgment. Neither the taking of any judgment nor the exercise of any power of seizure and sale will operate to extinguish the obligation of the Borrower to pay its debts and liabilities under this Agreement or operate as a merger of any covenant in this Agreement, and the acceptance of any payment or alternate security will not constitute or create a novation, and the taking of a judgment or judgments under a covenant in this Agreement contained will not operate as a merger of those covenants or affect the Lender's rights to interest at the rate and times provided in this Agreement.

No Merger of Judgment. Neither the taking of any judgment nor the exercise of any power of seizure and or sale will shall operate to extinguish the obligation of the Borrower Company to pay its debts the Indebtedness and liabilities under this Agreement hereunder or operate as a merger of any covenant in this AgreementAgreement or the General Security Agreement executed by the Company, and the acceptance of any payment or alternate security will shall not constitute or create a novation, and the taking of a judgment or judgments under a covenant in this Agreement herein contained will shall not operate as a merger of those covenants or affect the Lender's rights to interest at the rate and times provided in this Agreement.