Recourse to Security. Borrower specifically understands and agrees that Lender’s recourse against and/or to any security or Collateral shall not be required as a prior condition to Lender’s exercise of any of its rights and remedies hereunder.
Appears in 4 contracts
Sources: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)
Recourse to Security. Borrower Borrowers specifically understands understand and agrees agree that Lender’s 's recourse against and/or to any security or Collateral shall not be required as a prior condition to Lender’s 's exercise of any of its rights and remedies hereunder.
Appears in 1 contract
Sources: Loan and Security Agreement (A Consulting Team Inc)