Borrower's Waiver Sample Clauses
The Borrower's Waiver clause serves to formally relinquish certain rights or claims that the borrower might otherwise have under the agreement or applicable law. In practice, this clause may require the borrower to forgo defenses such as the right to contest enforcement actions, object to specific lender remedies, or claim damages for certain lender actions. By including this clause, the agreement ensures that the lender can enforce its rights more efficiently and with fewer obstacles, thereby reducing the risk of protracted disputes or delays in case of default.
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Borrower's Waiver. Borrower expressly waives any rights of subrogation against the Lender, which it may have on account of, or in connection with, the Lender providing assistance to the Borrower under this Omnibus Agreement.
Borrower's Waiver. The Borrower waives presentment for payment, notice of non-payment, off-set, protest and notice of protest and agrees to remain fully bound until this Note is paid in full.
Borrower's Waiver. Except as otherwise provided for in this Agreement, the Borrower waives (a) presentment, demand and protest and notice of presentment, protest, default, non-payment, maturity, release, compromise, settlement, one or more extensions or renewals of any or all commercial paper, accounts, documents, instruments, chattel paper and guaranties at any time held by the Lender on which the Borrower may in any way be liable and hereby ratifies and confirms whatever the Lender may do in this regard; (b) all rights to notice and a hearing prior to the Lender's taking possession or control of, or the Lender's relevy, attachment or levy on or of, the Collateral or any bond or security which might be required by any court prior to allowing the Lender to exercise any of the Lender's remedies; and (c) the benefit of all valuation, appraisement and exemption laws. The Borrower acknowledges that it has been advised by counsel of its choice with respect to this Agreement and the transactions evidenced by this Agreement.
Borrower's Waiver. Borrower hereby waives all of its rights under California Civil Code Section 2822, which provides as follows: “
(a) The acceptance, by a creditor, of anything in partial satisfaction of an obligation, reduces the obligation of a surety thereof, in the same measure as that of the principal, but does not otherwise affect it. However, if the surety is liable upon only a portion of an obligation and the principal provides partial satisfaction of the obligation, the principal may designate the portion of the obligation that is to be satisfied; and (b) For purposes of this section and Section 2819, an agreement by a creditor to accept from the principal debtor a sum less than the balance owed on the original obligation, without the prior consent of the surety and without any other change to the underlying agreement between the creditor and principal debtor, shall not exonerate the surety for the lesser sum agreed upon by the creditor and principal debtor.”
Borrower's Waiver. The Borrower hereby waives all objections, denials and challenges to the validity and binding force of this Agreement.
Borrower's Waiver. Subject to the terms of the Loan Agreement, the Borrower hereby waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this Note.
Borrower's Waiver. Except as otherwise provided for in this Agreement, to the extent permitted by applicable law, Borrower waives (a) presentment, demand and protest and notice of presentment, protest, default, non-payment, maturity, release, compromise, settlement, one or more extensions or renewals of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent or any Lender on which Borrower may in any way be liable and hereby ratifies and confirms whatever Agent or any Lender may do in this regard; and (b) all rights to notice and a hearing prior to Agent's or any Lender's taking possession or control of, or Agent's or any Lender's replevy, attachment or levy on or of, the Collateral or any bond or security which might be required by any court prior to allowing Agent or any Lender to exercise any of Agent's or any Lender's remedies.
Borrower's Waiver. Borrower hereby waives (a) notice of acceptance of this Agreement by Administrative Agent and (b) all diligence in the collection or protection of or realization upon the Bank Loan Obligations or the collateral therefor.
Borrower's Waiver. Borrower hereby waives presentment for payment, demand, notice of non-payment (except such notice and opportunity to cure, if any, as is required hereunder), notice of protest and protest of this Note, diligence in collection, or bringing suit.
Borrower's Waiver. The Borrower hereby waives (a) notice of acceptance of this Agreement by Senior Lender, Junior Lender and Subordinate Lender, (b) notice of the existence or creation or nonpayment of all or any of the Senior Loan Obligations, Junior Loan Obligations and the Subordinate Loan Obligations, and (c) all diligence in the collection or protection of or realization upon the Senior Loan Obligations or the collateral therefor, the Junior Loan Obligations or the collateral therefor or the Subordinate Loan Obligations or the collateral therefor.