Common use of No Waiver; Remedies and Severability Clause in Contracts

No Waiver; Remedies and Severability. No failure on the part of AGIC to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. The parties further agree that the holding by any court of competent jurisdiction that any remedy pursued by AGIC hereunder is unavailable or unenforceable shall not affect in any way the ability of AGIC to pursue any other remedy available to it. In the event any provision of this Insurance Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, the parties hereto agree that such holding shall not invalidate or render unenforceable any other provision hereof.

Appears in 5 contracts

Samples: Insurance and Reimbursement Agreement (MCM Capital Group Inc), Insurance and Reimbursement Agreement (MCM Capital Group Inc), Insurance and Reimbursement Agreement (MCM Capital Group Inc)

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No Waiver; Remedies and Severability. No failure on the ------------------------------------ part of AGIC to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. The parties further agree that the holding by any court of competent jurisdiction that any remedy pursued by AGIC hereunder is unavailable or unenforceable shall not affect in any way the ability of AGIC to pursue any other remedy available to it. In the event any provision of this Insurance Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, the parties hereto agree that such holding shall not invalidate or render unenforceable any other provision hereof.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc), Insurance and Reimbursement Agreement (TFC Enterprises Inc)

No Waiver; Remedies and Severability. No failure on the part of AGIC MBIA to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. The parties further agree that the holding by any court of competent jurisdiction that any remedy pursued by AGIC any party hereunder is unavailable or unenforceable shall not affect in any way the ability of AGIC any party to pursue any other remedy available to it. In the event any provision of this Insurance Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, the parties hereto agree that such holding shall not invalidate or render unenforceable any other provision hereof.

Appears in 1 contract

Samples: Insurance and Reimbursement Agreement (Trustreet Properties Inc)

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No Waiver; Remedies and Severability. No failure on the part of AGIC Radian to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. The parties further agree that the holding by any court of competent jurisdiction that any remedy pursued by AGIC Radian hereunder is unavailable or unenforceable shall not affect in any way the ability of AGIC Radian to pursue any other remedy available to it. In the event any provision of this Insurance Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, the parties hereto agree that such holding shall not invalidate or render unenforceable any other provision hereof.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)

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