This excerpt taken from the OPTC 10-Q filed Aug 13, 2008.
Section 8.3 Cumulative Remedies.
The rights, powers and remedies provided in this Agreement and in the other Financing Documents are cumulative, may be exercised concurrently or separately, may be exercised from time to time and in such order as the Lender shall determine, subject to the provisions of this Agreement, and are in addition to, and not exclusive of, rights, powers and remedies provided by existing or future applicable Laws. In order to entitle the Lender to exercise any remedy reserved to it in this Agreement, it shall not be necessary to give any notice, other than such notice as may be expressly required in this Agreement. Without limiting the generality of the foregoing and subject to the terms of this Agreement, the Lender may, subject to the limitations set forth in Section 2.9 (Limitations on Joint and Several Liability for Obligations):
(a) proceed against any one or more of the Obligors with or without proceeding against any other Person (including, without limitation, any guarantor) who may be liable (by endorsement, guaranty, indemnity or otherwise) for all or any part of the Obligations;
(b) proceed against any one or more of the Obligors with or without proceeding under any of the other Financing Documents or against any Collateral or other collateral and security for all or any part of the Obligations;
(c) without reducing or impairing the obligation of the Obligors and without notice, release or compromise with any guarantor or other Person liable (by endorsement, guaranty, indemnity or otherwise) for all or any part of the Obligations under the Financing Documents or otherwise;
(d) without reducing or impairing the obligations of the Obligors and without notice thereof: (i) fail to perfect the Lien in any or all Collateral or to release any or all the Collateral or to accept substitute Collateral, (ii) approve the making of U.S. Revolving Loan Advances and/or the Dutch Revolving Loan Advances under this Agreement, (iii) waive any provision of this Agreement or the other Financing Documents, (iv) exercise or fail to exercise rights of set-off or other rights, or (v) accept partial payments or extend from time to time the maturity of all or any part of the Obligations.