Common use of Existing rights unaffected Clause in Contracts

Existing rights unaffected. A Lender shall not be obliged to exercise any of its rights under Clause 12.2; and those rights shall be without prejudice and in addition to any right of set-off, combination of accounts, charge, lien or other right or remedy to which such L▇▇▇▇▇ is entitled (whether under the general law or any document).

Appears in 2 contracts

Sources: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Existing rights unaffected. A The Lender shall not be obliged to exercise any of its rights under Clause 12.213.1; and those rights shall be without prejudice and in addition to any right of set-off, combination of accounts, charge, lien or other right or remedy to which such L▇▇▇▇▇ a Lender is entitled (whether under the general law or any document).

Appears in 1 contract

Sources: Guarantee (EuroDry Ltd.)

Existing rights unaffected. A The Lender shall not be obliged to exercise any of its rights under Clause 12.214.1; and those rights shall be without prejudice and in addition to any right of set-off, combination of accounts, charge, lien or other right or remedy to which such L▇▇▇▇▇ the Lender is entitled (whether under the general law or any document).

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

Existing rights unaffected. A Lender shall not be obliged to exercise any of its rights under Clause 12.213.2; and those rights shall be without prejudice and in addition to any right of set-off, combination of accounts, charge, lien or other right or remedy to which such L▇▇▇▇▇ Lender is entitled (whether under the general law or any document).

Appears in 1 contract

Sources: Loan Agreement (Oceanfreight Inc.)