Common use of Acknowledgment of Waivers and Loss of Defenses Clause in Contracts

Acknowledgment of Waivers and Loss of Defenses. 13.1 Guarantor acknowledges that certain provisions of this Guaranty operate as waivers of rights that Guarantor would otherwise have under applicable law. Other provisions permit Lender to take actions that Lender would otherwise not have a right to take, to fail to take actions that Lender would otherwise have an obligation to take, or to take actions that may prejudice Guarantor's rights and obligations under this Guaranty and against the Borrower. In the absence of these provisions Guarantor might have defenses against Guarantor's obligations under this Guaranty. These defenses might permit Guarantor to avoid some or all of Guarantor's obligations under this Guaranty.

Acknowledgment of Waivers and Loss of Defenses. 13.1 12.1 Guarantor acknowledges that certain provisions of this Guaranty operate as waivers of rights that Guarantor would otherwise have under applicable law. Other provisions permit Lender Factor to take actions that Lender Factor would otherwise not have a right to take, to fail to take actions that Lender Factor would otherwise have an obligation to take, or to take actions that may prejudice Guarantor's rights and obligations under this Guaranty and against the BorrowerClient. In the absence of these provisions Guarantor might have defenses against Guarantor's obligations under this Guaranty. These defenses might permit Guarantor to avoid some or all of Guarantor's obligations under this Guaranty.

Acknowledgment of Waivers and Loss of Defenses. 13.1 12.1 Guarantor acknowledges that certain provisions of this Guaranty operate as waivers of rights that Guarantor would otherwise have under applicable lawApplicable Law. Other provisions permit Lender Agent to take actions that Lender Agent would otherwise not have a right to take, to fail to take actions that Lender Agent would otherwise have an obligation to take, or to take actions that may prejudice Guarantor's ’s rights and obligations under this Guaranty and against the BorrowerBorrowers. In the absence of these provisions Guarantor might have defenses against Guarantor's ’s obligations under this Guaranty. These defenses might permit Guarantor to avoid some or all of Guarantor's ’s obligations under this Guaranty.