Waivers, Amendment and Remedies. No course of dealing by the Noteholder and no failure by the Noteholder to exercise, or delay by the Noteholder in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right, remedy or power of the Noteholder. No amendment, modification or waiver of any provision of this Guarantee and no consent to any departure by any Subsidiary Guarantor therefrom, shall, in any event, be effective unless contained in a writing signed by the Noteholder against whom such amendment, modification or waiver is sought, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The rights, remedies and powers of the Noteholder, not only hereunder, but also under any instruments and agreements evidencing or securing the Secured Obligations and under applicable law are cumulative, and may be exercised by the Noteholder from time to time in such order as the Noteholder may elect.
Appears in 2 contracts
Sources: Share Purchase Agreement (VIASPACE Inc.), Subsidiary Guarantee (VIASPACE Green Energy Inc.)
Waivers, Amendment and Remedies. No course of dealing by the Noteholder Lender and no failure by the Noteholder Lender to exercise, or delay by the Noteholder Lender in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right, remedy or power of the NoteholderLender. No amendment, modification or waiver of any provision of this Guarantee Guaranty and no consent to any departure by any Subsidiary Guarantor therefrom, shall, in any event, be effective unless contained in a writing signed by the Noteholder party against whom such amendment, modification or waiver is sought, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The rights, remedies and powers of the NoteholderLender, not only hereunder, but also under any instruments and agreements evidencing or securing the Secured Obligations and under applicable law are cumulative, and may be exercised by the Noteholder Lender from time to time in such order as the Noteholder Lender may elect.
Appears in 2 contracts
Sources: Subsidiary Guaranty (Converted Organics Inc.), Guaranty (Converted Organics Inc.)
Waivers, Amendment and Remedies. No course of dealing by the Noteholder Lender and no failure by the Noteholder Lender to exercise, or delay by the Noteholder Lender in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right, remedy or power of the NoteholderLender. No amendment, modification or waiver of any provision of this Guarantee Guaranty and no consent to any departure by any Subsidiary Guarantor therefrom, shall, in any event, be effective unless contained in a writing signed by the Noteholder Lender against whom such amendment, modification or waiver is sought, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The rights, remedies and powers of the NoteholderLender, not only hereunder, but also under any instruments and agreements evidencing or securing the Secured Obligations and under applicable law are cumulative, and may be exercised by the Noteholder Lender from time to time in such order as the Noteholder Lender may elect.
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