California Waivers. (a) Guarantor understands and agrees that the waivers contained in this Section 6.04 are waivers of substantive rights and defenses to which Guarantor might otherwise be entitled under state and federal law. The rights and defenses waived include, without limitation, those provided by California laws of suretyship and guaranty, antideficiency laws, and the Uniform Commercial Code. Guarantor acknowledges that Guarantor has provided these waivers of rights and defenses with the intention that they be fully relied upon by the Banks and/or Agents.
Appears in 3 contracts
Samples: Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp), Management Agreement (American General Hospitality Corp)
California Waivers. (a) Guarantor understands and agrees that the waivers contained in this Section 6.04 are waivers of substantive rights and defenses to which Guarantor might otherwise be entitled under state and federal law. The rights and defenses waived include, without limitation, those provided by California laws of suretyship and guaranty, antideficiency laws, and the Uniform Commercial Code. Guarantor acknowledges that Guarantor has provided these waivers of rights and defenses with the intention that they be fully relied upon by the Banks Administrative Agent and/or Agentsthe Lenders.
Appears in 1 contract
Samples: Guaranty and Contribution Agreement (Interstate Hotels & Resorts Inc)
California Waivers. (a) Guarantor understands and agrees that the waivers contained in this Section 6.04 are waivers of substantive rights and defenses to which Guarantor might otherwise be entitled under state and federal law. The rights and defenses waived include, without limitation, those provided by California laws of suretyship and guaranty, antideficiency laws, and the Uniform Commercial Code. Guarantor acknowledges that Guarantor has provided these waivers of rights and defenses with the intention that they be fully relied upon by the Banks and/or AgentsLender.
Appears in 1 contract
Samples: Revolving Credit Agreement (Interstate Hotels & Resorts Inc)