Preservation of Liability. Neither this Security Agreement nor the exercise by Secured Party of (or the failure to so exercise) any right, power or remedy conferred herein or by law shall be construed as relieving any Person liable on the Secured Obligations from liability on the Secured Obligations and for any deficiency thereon.
Preservation of Liability. Neither this Agreement nor the exercise by any Party of (or the failure to so exercise) any right, power or remedy conferred herein or by law shall be construed as relieving any Party from liability hereunder.
Preservation of Liability. 5.1 Rights given to us under this clause and your liabilities under it are not affected by any act or omission by us or anything else that might otherwise affect them under law or otherwise, including:
Preservation of Liability. Neither this Security Agreement nor the exercise by the Agent of (or the failure to so exercise) any right, power, or remedy conferred herein or by law shall be construed as relieving the Pledgor or any Other Liable Party from full liability thereon and for any deficiency thereon.
Preservation of Liability. 18 Section 6.03 Notices..................................18 Section 6.04 Construction.............................18 Section 6.05
Preservation of Liability. Neither this Security Agreement nor, to the extent permitted by law, the exercise by the Agent or the Lenders of (or the failure to so exercise) any right, power, or remedy conferred herein or by law shall be construed as relieving the Pledgor or any Other Liable Party from full liability in respect of the Obligations pursuant to the Loan Agreement or any guaranty thereof until such time as the commitment of the Lenders to make Advances under the Loan Agreement has terminated and the Obligations that have become due and payable have been paid in full.
Preservation of Liability. Neither this Agreement, nor the exercise by the Secured Party of (or the failure to so exercise) any right, power or remedy conferred herein, or by law, shall be construed as relieving any person liable under this Agreement or on the Obligations from full liability under such instruments or on the Obligations and for any deficiency thereon.
Preservation of Liability. Guarantors jointly and severally agree ------------------------- that should Bank repay (either by reason of court order or judgment or in settlement of a controversy) to Borrower or the estate or trustee of Borrower or to Borrower as debtor-in-possession, any sum previously received by Bank in respect of any Bank Liabilities, as a result of a claim of a voidable preference or fraudulent transfer or otherwise, then Guarantors shall immediately reimburse Bank for the sum so repaid, with interest on such sum from the date Bank makes such payment until paid in full at the Default Rate specified in Exhibit 2.02, attached hereto, and, if and to the ------------ extent not prohibited by applicable law, any and all expenses (including but not limited to reasonable attorneys' fees and expenses) incurred by Bank in enforcing such reimbursement and in resisting such repayment.
Preservation of Liability. 10 6.9 Notices and Other Communications.................................................................. 10 6.10 Parties in Interest............................................................................... 10 6.11
Preservation of Liability. No failure on the part of the Secured Party to exercise, and no delay in exercising, any right hereunder or under the Term Note, the Loan Agreement or the other Loan Documents 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.
