Right to Settle, Release. (a) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of rights, if any, which Bank may now or hereafter have against any other Person, including another Borrower, or property with respect to any of the Obligations.
Appears in 5 contracts
Sources: Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX Holdings LTD)
Right to Settle, Release. (a) The liability of Borrowers Borrower hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of or rights, if any, which Bank Borrower may now or hereafter have against any other Person, including another Borrower, or property with respect to any of the Obligations.
Appears in 2 contracts
Sources: Loan and Security Agreement (Intersearch Group Inc), Loan and Security Agreement (Intersearch Group Inc)
Right to Settle, Release. (a) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of rights, if any, which Bank a Lender may now or hereafter have against any other Person, including another Borrower, or property with respect to any of the Obligations.
Appears in 1 contract
Sources: Loan and Security Agreement (Integrated Packaging Assembly Corp)
Right to Settle, Release. (a) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of rights, if any, which Bank may now or hereafter have against any other Person, including another Borrower, or property with respect to any of the Obligations.
Appears in 1 contract
Sources: Loan and Security Agreement (Concur Technologies Inc)
Right to Settle, Release. (a) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of or rights, if any, which Bank Borrower may now or hereafter have against any other Person, including another Borrower, or property with respect to any of the Obligations.
Appears in 1 contract
Sources: Loan Agreement (Emulex Corp /De/)
Right to Settle, Release. (a) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations is or was to be guaranteed by another Person entity or secured by other property, or (ii) any release or unenforceability, whether partial or total, of or rights, if any, which Bank Borrower may now or hereafter have against any other Personentity, including another Borrower, or property with respect to any of the Obligations.
Appears in 1 contract