Right of Bank to commence simultaneous proceedings Sample Clauses

Right of Bank to commence simultaneous proceedings. The Customer agrees that the obligations to pay the Bank under this Agreement and the Security Documents are separate and independent obligations which give the Bank separate and independent rights and causes of action regardless of any waiver or indulgence which may have been granted by the Bank in respect of any one or more of those obligations and shall remain in full force and effect regardless of any judgment, order, claim or proof for a liquidated amount in respect of any other obligation and thus, can be relied upon and enforced by the Bank independently, or together with any other action under such obligations or under the Security Documents. Accordingly, the Bank shall have the right to exercise simultaneously and concurrently all or any of the remedies available to the Bank against the Customer and/or the Security Parties and/or any other person as the Bank deems fit, whether by this Agreement or such other Security Documents or by statute or otherwise including without limitation by the sale or possession of any land pursuant to the Land Code and by civil suit, to recover the Indebtedness due and payable to the Bank by the Customer and/or the Security Parties without having first resorted to any other remedy or having first sold or disposed of any Security.
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Related to Right of Bank to commence simultaneous proceedings

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