Common use of No Waiver; Rights Cumulative Clause in Contracts

No Waiver; Rights Cumulative. No course of dealing on the part of the Agent or the Lenders or their officers or employees, nor any failure or delay by the Agent or the Lenders with respect to exercising any of their rights under any Loan Document shall operate as a waiver thereof. The rights of the Agent and the Lenders under the Loan Documents shall be cumulative and the exercise or partial exercise of any such right shall not preclude the exercise of any other right. Neither the making of any Loan nor the issuance of any Letter of Credit shall constitute a waiver of any of the covenants, warranties, or conditions of the Borrower contained herein. In the event the Borrower is unable to satisfy any such covenant, warranty, or condition, neither the making of any Loan nor the issuance of any Letter of Credit shall have the effect of precluding the Agent or the Lenders from thereafter declaring such inability to be an Event of Default as hereinabove provided.

Appears in 4 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Gastar Exploration LTD), Credit Agreement (Gastar Exploration LTD)

AutoNDA by SimpleDocs

No Waiver; Rights Cumulative. No course of dealing on the part of the Agent, the Collateral Agent or the Lenders or their officers or employees, nor any failure or delay by the Agent, the Collateral Agent or the Lenders with respect to exercising any of their rights under any Loan Document shall operate as a waiver thereof. The rights of the Agent, the Collateral Agent and the Lenders under the Loan Documents shall be cumulative and the exercise or partial exercise of any such right shall not preclude the exercise of any other right. Neither the making of any Loan nor the issuance of any a Letter of Credit shall constitute a waiver of any of the covenants, warranties, or conditions of the Borrower Borrowers contained herein. In the event the any Borrower is unable to satisfy any such covenant, warranty, or condition, neither the making of any Loan nor the issuance of any a Letter of Credit shall have the effect of precluding the Agent or the Lenders from thereafter declaring such inability to be an Event of Default as hereinabove provided.

Appears in 4 contracts

Samples: Credit Agreement (KCS Energy Inc), Stock Pledge Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

No Waiver; Rights Cumulative. No course of dealing on the part of the Agent or the Lenders or Lenders, their officers or employees, nor any failure or delay by the Agent or the Lenders with respect to exercising any of their rights under any Loan Document shall operate as a waiver thereof. The rights of the Agent and the Lenders each Lender under the Loan Documents shall be cumulative and the exercise or partial exercise of any such right shall not preclude the exercise of any other right. Neither the The making of any Loan nor or the issuance issuance, renewal, extension or increase of any Letter of Credit shall not constitute a waiver of any of the covenants, warranties, or conditions of the Borrower Borrowers contained herein. In the event the a Borrower is unable to satisfy any such covenant, warranty, or condition, neither the making of any Loan nor or the issuance issuance, extension, increase or renewal of any a Letter of Credit shall not have the effect of precluding the Agent or the Lenders and each Lender from thereafter declaring such inability to be an Event of Default as hereinabove provided.

Appears in 2 contracts

Samples: Credit Agreement (Edge Petroleum Corp), Credit Agreement (Edge Petroleum Corp)

No Waiver; Rights Cumulative. No course of dealing on the part of the Agent, the Collateral Agent or the Lenders or their officers or employees, nor any failure or delay by the Agent, the Collateral Agent or the Lenders with respect to exercising any of their rights under any Loan Document shall operate as a waiver thereof. The rights of the Agent, the Collateral Agent and the Lenders under the Loan Documents shall be cumulative and the exercise or partial exercise of any such right shall not preclude the exercise of any other right. Neither the making of any Loan nor the issuance of any a Letter of Credit shall constitute a waiver of any of the covenants, warranties, or conditions of the Borrower contained herein. In the event the any Borrower is unable to satisfy any such covenant, warranty, or condition, neither the making of any Loan nor the issuance of any a Letter of Credit shall have the effect of precluding the Agent or the Lenders from thereafter declaring such inability to be an Event of Default as hereinabove provided.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

AutoNDA by SimpleDocs

No Waiver; Rights Cumulative. No course of dealing on the part of the Agent or the Lenders or their officers or employees, nor any failure or delay by the Agent or the Lenders with respect to exercising any of their rights under any Loan Document shall operate as a waiver thereof. The rights of the Agent and the Lenders under the Loan Documents shall be cumulative and the exercise or partial exercise of any such right shall not preclude the exercise of any other right. Neither the making of any Loan nor the issuance of any Letter of Credit shall constitute a waiver of any of the covenants, warranties, warranties or conditions of either of the Borrower Borrowers or any of the Guarantors contained herein. In the event either of the Borrower Borrowers or any of the Guarantors is unable to satisfy any such covenant, warranty, warranty or condition, neither the making of any Loan nor the issuance of any Letter of Credit shall have the effect of precluding the Agent or the Lenders from thereafter declaring such inability to be an Event of Default as hereinabove provided.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

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