Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Note, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Note until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.
Appears in 3 contracts
Sources: Loan Agreement (Fleming Companies Inc /Ok/), Loan Agreement (Chesapeake Energy Corp), Loan Agreement (Chesapeake Energy Corp)
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one or more of the instruments securing payment of the indebtedness evidenced by the NoteIndebtedness, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Note Indebtedness until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.Lender;
Appears in 3 contracts
Sources: Guaranty Agreement (Excalibur Industries Inc), Loan Agreement (Excalibur Industries Inc), Guaranty Agreement (Shumate Industries Inc)
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's ’s rights under any one or more of the instruments securing payment of the indebtedness evidenced by the Amended and Restated Note, such action will not be deemed a waiver or discharge of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Amended and Restated Note until such time as the Lender has been paid in full all sums advanced by the Lender plus all accrued interest thereon.Lender;
Appears in 1 contract
Selective Enforcement. In the event the Lender elects to selectively and successively enforce the Lender's rights under any one the Loan Documents or more of the instruments securing payment of the indebtedness evidenced by the Note, such action will not be deemed a to be waiver or discharge of any other lien or encumbrance securing payment of any of the indebtedness evidenced by the Note Note, until such time as the Lender has been paid in full all sums advanced by the Lender plus under the Note, together with all accrued interest thereoninterest, fees and other expenses including, but not limited to, a reasonable attorneys' fee.
Appears in 1 contract
Sources: Loan Agreement (Palweb Corp)