Rights and Remedies of Lender. Upon the occurrence of an Event of Default, Lender may, at its option, and without demand or notice: (i) declare the Obligations to be immediately due and payable, whereupon all of the Obligations in the Loan Documents shall be immediately due and payable, and (ii) exercise any or all other rights and remedies concurrently or consecutively in such order as Lender elects. Such rights and remedies shall be cumulative and mm-exclusive. Delay, discontinuance, or failure to exercise any remedy shall not be a waiver of such remedy or of any other right or remedy of Lender, or of the TIME IS OF THE ESSENCE provision. Exercise of any right or remedy of Lender shall not are or waive any Event of Default or invalidate any act of Lender taken in response to such Event of Default.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Mammoth Energy Partners LP), Master Loan and Security Agreement (Mammoth Energy Partners LP)
Rights and Remedies of Lender. Upon the occurrence of an Event of Default, Lender may, at its option, and without demand or notice: (i) declare the Obligations to be immediately due and payable, whereupon all of the Obligations in the Loan Documents shall be immediately due and payable, and (ii) exercise any or all other rights and arid remedies concurrently or consecutively in such order as Lender elects. Such rights and remedies shall be cumulative and mmnon-exclusive. Delay, discontinuance, or failure to exercise any remedy shall not be a waiver of such remedy or of any other right or remedy of Lender, or of the TIME IS OF THE ESSENCE provision. Exercise of any right or remedy of Lender shall not are cure or waive any Event of Default or invalidate any act of Lender taken in response to such Event of Default.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Ameriquest, Inc.), Master Loan and Security Agreement (Ameriquest, Inc.)
