Rights with respect to Collateral. (i) Each Purchaser agrees with all other Purchasers (A) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Collateral Agent or any of the other Purchasers in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (B) that such Purchaser has no other rights with respect to the Collateral other than as set forth in this Agreement and the Security Documents.
Appears in 10 contracts
Samples: Security Agreement (Security Devices International Inc.), Security Agreement, Security Agreement (Nestor Inc)
Rights with respect to Collateral. (i) Each Purchaser agrees with all other Purchasers and the Agent (Ai) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Collateral Agent or any of the other Purchasers in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (Bii) that such Purchaser has no other rights with respect to the Collateral other than as set forth in this Agreement and the Security other Related Documents.
Appears in 1 contract
Samples: Convertible Note and Warrant Purchase Agreement (LOCAL Corp)
