Common use of Marshaling Clause in Contracts

Marshaling. Neither the Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or against, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security, other assets or other assurances of payment in any particular order, and all of the rights and remedies of the Secured Parties hereunder and of the Secured Parties in respect of such collateral security, other assets and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor hereby irrevocably waives the benefits of all such laws.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Capital Park Holdings Corp.), Guaranty and Security Agreement

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Marshaling. Neither the Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Obligations or the Guaranteed Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Agent or any other Secured Parties Party hereunder and of the Agent or any other Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or the Guaranteed Obligations or under which any of the Obligations or the Guaranteed Obligations is outstanding or by which any of the Obligations or the Guaranteed Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Grantor hereby irrevocably waives the benefits of all such laws.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Talbots Inc), Guaranty and Security Agreement (Talbots Inc)

Marshaling. Neither the Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Obligations or the Guaranteed Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Collateral Agent or any other Secured Parties Party hereunder and of the Collateral Agent or any other Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Loan Party hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of any of the Collateral Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or the Guaranteed Obligations or under which any of the Obligations or the Guaranteed Obligations is outstanding or by which any of the Obligations or the Guaranteed Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Loan Party hereby irrevocably waives the benefits of all such laws.

Appears in 2 contracts

Samples: Cinema and Administrative Agreement (Cinedigm Digital Cinema Corp.), Guaranty and Security Agreement (Cinedigm Digital Cinema Corp.)

Marshaling. Neither the Collateral Administrative Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Secured Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Administrative Agent or any other Secured Parties Party hereunder and of the Secured Parties Administrative Agent or any Lender in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Administrative Agent’s 's rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Secured Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Grantor hereby irrevocably waives the benefits of all such laws.

Appears in 2 contracts

Samples: Security Agreement (Books a Million Inc), Security Agreement (Radioshack Corp)

Marshaling. Neither the Collateral Agent nor any other Senior Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Senior Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Collateral Agent or any other Senior Secured Parties Party hereunder and of the Collateral Agent or any other Senior Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in in, or impede the enforcement of of, the Collateral Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Senior Obligations or under which any of the Senior Obligations is outstanding or by which any of the Senior Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Grantor hereby irrevocably waives the benefits of all such laws.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Kaman Corp), Security Agreement (Kaman Corp)

Marshaling. Neither the Collateral Agent nor any other Secured Party Bank nor any Noteholder shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Secured Parties Collateral Agent or any Bank or Noteholder hereunder and of the Secured Parties Collateral Agent or any Bank or Noteholder in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Obligor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Agent’s 's rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Obligor hereby irrevocably waives the benefits of all such laws.

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Marshaling. Neither the Collateral Agent Lender nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Secured Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Lender or any other Secured Parties Party hereunder and of the Lender or any other Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor the Company hereby agrees that it will not invoke any law Law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral AgentLender’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Secured Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor the Company hereby irrevocably waives the benefits of all such lawsLaws.

Appears in 1 contract

Samples: Cash Collateral Agreement (Spark Therapeutics, Inc.)

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Marshaling. Neither the Collateral Administrative Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Secured Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Administrative Agent or any other Secured Parties Party hereunder and of the Administrative Agent or any other Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in in, or impede the enforcement of of, the Collateral Administrative Agent’s 's rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Secured Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Grantor hereby irrevocably waives the benefits of all such laws.

Appears in 1 contract

Samples: Security Agreement (Kaman Corp)

Marshaling. Neither the Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or against, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security, other assets or other assurances of payment in any particular order, and all of the rights and remedies of the Secured Parties hereunder and of the Secured Parties in respect of such collateral security, other assets and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor hereby irrevocably waives the benefits of all such laws.. [signatures begin on next page]

Appears in 1 contract

Samples: Loan Agreement (Phi Inc)

Marshaling. Neither the Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) or other assets for or againstfor, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security, other assets security or other assurances of payment in any particular order, and all of the rights and remedies of the Collateral Agent or any Secured Parties Party hereunder and of the Collateral Agent or any Secured Parties Party in respect of such collateral security, other assets security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Guarantor Grantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Collateral Agent’s rights and remedies under this Security Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Guarantor Grantor hereby irrevocably waives the benefits of all such laws.

Appears in 1 contract

Samples: Security Agreement (Clean Harbors Inc)

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