Common use of No Satisfaction Clause in Contracts

No Satisfaction. Borrowers acknowledge and agree that, except as expressly provided herein, neither this Agreement nor any other agreement entered in connection herewith or pursuant to the terms hereof shall be deemed or construed to be a compromise, satisfaction, reinstatement, accord and satisfaction, novation or release of any of the Existing Loan Documents, or any rights or obligations thereunder, or a waiver by Bank of any of its rights under the Existing Loan Documents or at law or in equity.

Appears in 2 contracts

Sources: Loan and Security Agreement (MRC Group), Loan and Security Agreement (MRC Group)