Common use of No Obligation to Pursue Others Clause in Contracts

No Obligation to Pursue Others. Agent shall have no obligation to attempt to satisfy the Obligations by collecting them from any third Person which may be liable for them or any portion thereof, and Agent may release, modify or waive any collateral provided by any other Person as security for the Obligations or any portion thereof, all without affecting Agent’s rights against Borrower. Borrower waives any right it may have to require Agent to pursue any third Person for any of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Roxio Inc)

AutoNDA by SimpleDocs

No Obligation to Pursue Others. Agent shall have has no obligation to attempt to satisfy the Obligations Indebtedness by collecting them payments or Property from any third other Person which may be liable for them or any portion thereof, and Agent may release, modify or waive any collateral Collateral provided by any other Person as security for to secure any of the Obligations or any portion thereofIndebtedness, all without affecting Agent’s rights against BorrowerGrantor. Borrower Grantor waives any right it they may have to require Agent to pursue any third Person person for any of the ObligationsIndebtedness.

Appears in 1 contract

Samples: Security Agreement (Cmgi Inc)

No Obligation to Pursue Others. Agent shall The Agents have no obligation to attempt to satisfy the Obligations by collecting them from any third Person which may be other person liable for them or any portion thereof, and Agent the Agents may release, modify or waive any collateral Collateral provided by any other Person as security for person to secure any of the Obligations or any portion thereofObligations, all without affecting Agent’s the Agents’ rights against BorrowerDebtor. Borrower Debtor waives any right it may have to require Agent the Agents to pursue any third Person person for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Lipkin Raymond A)

AutoNDA by SimpleDocs

No Obligation to Pursue Others. The Agent shall have has no obligation to attempt to satisfy the Secured Obligations by collecting them from any third Person which may be other person liable for them or any portion thereof, and the Agent may release, modify or waive any collateral Collateral provided by any other Person as security for person to secure any of the Obligations or any portion thereofSecured Obligations, all without affecting the Agent’s rights against the Borrower. The Borrower waives any right it may have to require the Agent to pursue any third Person person for any of the Secured Obligations.

Appears in 1 contract

Samples: Security Agreement (Life Time Fitness Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.