Supplemental. 40.01 The rights and remedies which the Finance Documents give to the Lender are: (a) cumulative; (b) may be exercised as often as appears expedient; and (c) shall not, unless a Finance Document explicitly and specifically states so, be taken to exclude or limit any right or remedy conferred by any law. 40.02 If any provision of a Finance Document is or subsequently becomes void, unenforceable or illegal, that shall not affect the validity, enforceability or legality of the other provisions of that Finance Document or of the provisions of any other Finance Document. 40.03 A Finance Document may be executed in any number of counterparts. 40.04 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Ac▇ ▇▇▇▇ ▇o enforce or to enjoy the benefit of any term of this Agreement. 40.05 This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between the Lender and the Borrower or their representatives prior to the date of this Agreement, including without limitation, the Commitment Letter.
Appears in 2 contracts
Sources: Financial Agreement (EuroDry Ltd.), Financial Agreement (Euroseas Ltd.)
Supplemental. 40.01 37.1 The rights and remedies which the Finance Documents give to the Lender are:
(a) cumulative;
(b) may be exercised as often as appears expedient; and
(c) shall not, unless a Finance Document explicitly and specifically states so, be taken to exclude or limit any right or remedy conferred by any law.
40.02 37.2 If any provision of a Finance Document is or subsequently becomes void, unenforceable or illegal, that shall not affect the validity, enforceability or legality of the other provisions of that Finance Document or of the provisions of any other Finance Document.
40.03 37.3 A Finance Document may be executed in any number of counterparts.
40.04 37.4 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Ac▇▇▇ ▇▇▇▇ ▇o to enforce or to enjoy the benefit of any term of this Agreement.
40.05 37.5 This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between the Lender and the Borrower Borrowers or their representatives prior to the date of this AgreementAgreement including, including without limitation, the Commitment Letter.
Appears in 1 contract
Supplemental. 40.01 The rights and remedies which the Finance Documents give to the Lender are:
(a) cumulative;
(b) may be exercised as often as appears expedient; and
(c) shall not, unless a Finance Document explicitly and specifically states so, be taken to exclude or limit any right or remedy conferred by any law.
40.02 If any provision of a Finance Document is or subsequently becomes void, unenforceable or illegal, that shall not affect the validity, enforceability or legality of the other provisions of that Finance Document or of the provisions of any other Finance Document.
40.03 A Finance Document may be executed in any number of counterparts.
40.04 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) AcA▇▇ ▇▇▇▇ ▇o to enforce or to enjoy the benefit of any term of this Agreement.
40.05 This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between the Lender and the Borrower Borrowers or their representatives prior to the date of this Agreement, including without limitation, the Commitment Letter.
Appears in 1 contract
Sources: Financial Agreement (EuroDry Ltd.)
Supplemental. 40.01 37.1 The rights and remedies which the Finance Documents give to the Lender are:
(a) cumulative;
(b) may be exercised as often as appears expedient; and
(c) shall not, unless a Finance Document explicitly and specifically states so, be taken to exclude or limit any right or remedy conferred by any law.
40.02 37.2 If any provision of a Finance Document is or subsequently becomes void, unenforceable or illegal, that shall not affect the validity, enforceability or legality of the other provisions of that Finance Document or of the provisions of any other Finance Document.
40.03 37.3 A Finance Document may be executed in any number of counterparts.
40.04 37.4 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Ac▇ ▇▇▇▇ ▇o enforce or to enjoy the benefit of any term of this Agreement.
40.05 37.5 This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between the Lender and the Borrower Borrowers or their representatives prior to the date of this AgreementAgreement including, including without limitation, the Commitment Letter.
Appears in 1 contract
Supplemental. 40.01 36.1 The rights and remedies which the Finance Documents give to the Lender Lenders and/or the Agent are:
(a) cumulative;
(b) may be exercised as often as appears expedient; and
(c) shall not, unless a Finance Document explicitly and specifically states so, be taken to exclude or limit any right or remedy conferred by any law.
40.02 36.2 If any provision of a Finance Document is or subsequently becomes void, unenforceable or illegal, that shall not affect the validity, enforceability or legality of the other provisions of that Finance Document or of the provisions of any other Finance Document.
40.03 36.3 A Finance Document may be executed in any number of counterparts.
40.04 36.4 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Ac▇▇▇ ▇▇▇▇ ▇o to enforce or to enjoy the benefit of any term of this Agreement.
40.05 36.5 This Agreement supersedes the terms and conditions contained in any correspondence relating to the subject matter of this Agreement exchanged between the Lender Lenders and/or the Agent and the Borrower or their representatives prior to the date of this AgreementAgreement including, including without limitation, the Commitment Letter.
Appears in 1 contract