No Obligation to Enforce. Secured Party shall not be under any obligation to, or liable or accountable for any failure to, enforce payment or performance of the Obligations or to seize, realize, take possession of or dispose of the Collateral and shall not be under any obligation to institute proceedings for any such purpose.
No Obligation to Enforce. 25. The rights given to the District by this agreement are permissive only and nothing in this agreement imposes any legal duty of any kind on the District to any one, or obliges the District to enforce this agreement, to perform any act or to incur any expense in respect of this agreement No Effect On Laws or Powers
No Obligation to Enforce. Subject to clause 9.3, pending the receipt of directions from the Voting Mortgagees as contemplated by clauses 9.3 and 9.4, the Security Trustee shall not be bound to take any action or give any consent or waiver or make any determination under this deed (including, without limiting the generality of the above, to appoint any Receiver, to declare the Charge enforceable or the Secured Moneys immediately due and payable pursuant to clause 8.2 or to take any other proceedings referred to in clause 9.1). Nothing in this clause shall affect the operation of clause 4.4 or the Charge becoming enforceable prior to the Security Trustee receiving directions from the Voting Mortgagees. -------------------------------------------------------------------------------- Page 16 Security Trust Xxxx Xxxxx Xxxxx & Xxxxxxx --------------------------------------------------------------------------------
No Obligation to Enforce. Neither party shall have any obligation to enforce its patent rights against third parties.
No Obligation to Enforce. 10. We can demand payment of the Guaranteed Amounts from you at any time even if we have not tried to get the Customer to pay the Customer Debts. If there are other guarantees of the Customer Debts or we have security that provides collateral for them, we do not have to demand payment from the other guarantors or go against the security before we can demand payment of the Guaranteed Amounts from you. If you have given us another guarantee or other security for the Customer Debts, you agree that this Guarantee is additional security and is not given as a substitute for any other guarantee or security. You agree to pay the Guaranteed Amounts independently of any other promises you or anyone else has given us and you do not have the right to ask us to look to the Customer, any of the Customer’s property or any other person in satisfaction of the Guaranteed Obligations.
No Obligation to Enforce. Nothing contained in this Agreement shall be construed as imposing on Member any obligation to institute any suit or action for infringement of any of its intellectual property rights, or to defend any suit or action brought by a third party which challenges or concerns the validity of any of its intellectual property rights licensed under this Agreement, or to file any patent application or to secure any patent or maintain any patent in force.
No Obligation to Enforce. Before the Guarantor takes steps to enforce any rights conferred on the Guarantor, or exercising any of the rights, powers and remedies conferred upon the Guarantor by this Agreement, the Loan Agreement, the General Agency Agreement or by law, the Guarantor shall not be obliged;
No Obligation to Enforce. Upon the occurrence of an Event of Default, subject to clauses 8.1, 9.2 and 15.3, pending the receipt of directions from the Voting Secured Creditors as contemplated by clauses 8.2, 8.3 and 8.4, the Security Trustee is not bound to take any action under this Deed or give any consent or waiver or make any determination under this Deed (including, without limiting the generality of the foregoing, to appoint any Receiver, to declare the Charge enforceable or the Secured Moneys immediately due and payable or to take any other proceedings). Nothing in this clause affects the operation of clause 4.4 upon the occurrence of an Event of Default or the Charge becoming enforceable prior to the Security Trustee receiving directions from the Voting Secured Creditors.
No Obligation to Enforce. Neither the Lenders nor the Administrative Agent shall be under any obligation to the Borrower or any other Person to enforce any rights or remedies available to the Lenders or the Administrative Agent under any of the Credit Documents from time to time or any part thereof. The Lenders shall not be responsible or liable to the Borrower or any other Person for any loss or damage upon the enforcement of any rights or remedies available to the Lenders under any of the Credit Documents from time to time, the failure to realize or enforce such rights and remedies or for any act or omission on their respective parts or on the part of any director, officer, Administrative Agent, servant or adviser in connection with any of the foregoing, except that a Lender may be responsible or liable for any loss or damage arising from the wilful misconduct or gross negligence of that Lender.
No Obligation to Enforce. Subject to making first demand of the Purchaser, the Sellers shall not be obliged to take any steps to enforce any right or remedy against the Purchaser or any other person before enforcing the provisions of this Clause 12.
