Certain Other Waivers. Each Pledgor waives: (a) any requirement, and any right to require, that any right or power be exercised or any action be taken against the Company, any other Pledgor, any guarantor or any collateral for the Obligations; (b) all defenses to, and all setoffs, counterclaims and claims of recoupment against, the Obligations that may at any time be available to the Company, any other Pledgor, or any guarantor; (c) (i) notice of acceptance of and intention to rely on the Collateral Documents, (ii) notice of the making or renewal of any Loans or other Credit Extension under the Credit Agreement and of the incurrence or renewal of any other Obligations, (iii) notice of any of the matters referred to in Section 5.10 and (iv) all other notices that may be required by applicable Laws or otherwise to preserve any rights against such Pledgor under the Collateral Documents, including any notice of default, demand, dishonor, presentment and protest; (d) diligence; (e) any defense based upon, arising out of or in any way related to (i) any claim that any election of remedies by the Security Agent, including the exercise by the Security Agent of any rights against any collateral, impaired, reduced, released or otherwise extinguished any right that such Pledgor might otherwise have had against the Company, any other Pledgor, or any guarantor or against any collateral, including any right of subrogation, exoneration, reimbursement or contribution or right to obtain a deficiency judgment, (ii) any claim based upon, arising out of or in any way related to any of the matters referred to in Section 5.10 and (iii) any claim that the Collateral Documents should be strictly construed against the Security Agent; and (f) ALL OTHER DEFENSES UNDER APPLICABLE LAWS THAT WOULD, BUT FOR THIS CLAUSE (f), BE AVAILABLE TO SUCH PLEDGOR AS (i) A DEFENSE AGAINST THE ENFORCEMENT OF THE SECURITY INTEREST, (ii) A REDUCTION OR LIMITATION OF THE OBLIGATIONS SECURED THEREBY OR (iii) A DEFENSE AGAINST ITS OBLIGATIONS UNDER THE COLLATERAL DOCUMENTS.
Appears in 4 contracts
Samples: Credit Agreement (Altice USA, Inc.), Credit Agreement (Altice USA, Inc.), Pledge Agreement (Altice USA, Inc.)
Certain Other Waivers. Each Pledgor waives:
(a) any requirement, and any right to require, that any right or power be exercised or any action be taken against the Company, any other Pledgor, any guarantor or any collateral for the Secured Obligations;
(b) all defenses to, and all setoffs, counterclaims and claims of recoupment against, the Secured Obligations that may at any time be available to the Company, any other Pledgor, or any guarantor;
(c) (i) notice of acceptance of and intention to rely on the Collateral Documents, (ii) notice of the making or renewal of any Loans or other Credit Extension under the Credit Agreement and of the incurrence or renewal of any other Secured Obligations, (iii) notice of any of the matters referred to in Section 5.10 and (iv) all other notices that may be required by applicable Laws Law or otherwise to preserve any rights against such Pledgor under the Collateral Documents, including any notice of default, demand, dishonor, presentment and protest;
(d) diligence;
(e) any defense based upon, arising out of or in any way related to (i) any claim that any election of remedies by the Security AgentSecured Party, including the exercise by the Security Agent Secured Party of any rights against any collateral, impaired, reduced, released or otherwise extinguished any right that such Pledgor might otherwise have had against the Company, any other Pledgor, or any guarantor or against any collateral, including any right of subrogation, exoneration, reimbursement or contribution or right to obtain a deficiency judgment, (ii) any claim based upon, arising out of or in any way related to any of the matters referred to in Section 5.10 and (iii) any claim that the Collateral Documents should be strictly construed against the Security AgentSecured Party; and
(f) ALL OTHER DEFENSES UNDER APPLICABLE LAWS LAW THAT WOULD, BUT FOR THIS CLAUSE (f), BE AVAILABLE TO SUCH PLEDGOR AS (i) A DEFENSE AGAINST THE ENFORCEMENT OF THE SECURITY INTEREST, (ii) A REDUCTION OR LIMITATION OF THE SECURED OBLIGATIONS SECURED THEREBY OR (iii) A DEFENSE AGAINST ITS OBLIGATIONS UNDER THE COLLATERAL DOCUMENTS.
Appears in 2 contracts
Samples: Pledge Agreement (Cablevision Systems Corp /Ny), Pledge Agreement (Cablevision Systems Corp /Ny)
Certain Other Waivers. Each Pledgor waives:
(a) any requirement, and any right to require, that any right or power be exercised or any action be taken against the Company, any other Pledgor, any guarantor Guarantor or any collateral for the Secured Obligations;
(b) all defenses to, and all setoffs, counterclaims and claims of recoupment against, the Secured Obligations that may at any time be available to the Company, any other Pledgor, Company or any guarantorGuarantor;
(c) (i) notice of acceptance of and intention to rely on the Collateral Documents, (ii) notice of the making or renewal of any Loans or other Credit Extension extensions of credit under the Credit Note Purchase Agreement and of the incurrence or renewal of any other Secured Obligations, (iii) notice of any of the matters referred to in Section 5.10 6.10 and (iv) all other notices that may be required by applicable Laws Applicable Law or otherwise to preserve any rights against such each Pledgor under the Collateral Documents, including any notice of default, demand, dishonor, presentment and protest;
(d) diligence;
(e) any defense based upon, arising out of or in any way related to (i) any claim that any sale or other disposition of any collateral for the Secured Obligations was not conducted in a commercially reasonable fashion or that a public sale, should the Collateral Agent have elected to so proceed, was, in and of itself, not a commercially reasonable method of sale, (ii) any claim that any election of remedies by the Security AgentSecured Parties, including the exercise by the Security Collateral Agent or any other Secured Party of any rights against any collateral, impaired, reduced, released or otherwise extinguished any right that such Pledgor might otherwise have had against the Company, any other Pledgor, Company or any guarantor Guarantor or against any collateral, including any right of subrogation, exoneration, reimbursement or contribution or right to obtain a deficiency judgment, (iiiii) any claim based upon, arising out of or in any way related to any of the matters referred to in Section 5.10 6.10 and (iiiiv) any claim that the Collateral Documents should be strictly construed against the Security AgentSecured Parties; and
(f) ALL OTHER DEFENSES UNDER APPLICABLE LAWS LAW THAT WOULD, BUT FOR THIS CLAUSE (f), BE AVAILABLE TO SUCH ANY PLEDGOR AS (i) A DEFENSE AGAINST THE ENFORCEMENT OF THE SECURITY INTEREST, (ii) A REDUCTION OR LIMITATION OF THE SECURED OBLIGATIONS SECURED THEREBY OR (iii) A DEFENSE AGAINST ITS OBLIGATIONS UNDER THE COLLATERAL DOCUMENTS.
Appears in 1 contract
Samples: Security Agreement (Orthovita Inc)
Certain Other Waivers. Each Pledgor waives:
(a) any requirement, and any right to require, that any right or power be exercised or any action be taken against the Company, any other PledgorBorrower, any guarantor or any collateral for the Secured Obligations;
(b) all defenses to, and all setoffs, counterclaims and claims of recoupment against, the Secured Obligations that may at any time be available to the Company, any other Pledgor, Borrower or any guarantor;
(c) (i) notice of acceptance of and intention to rely on the Collateral Documents, (ii) notice of the making or renewal of any Loans or other Credit Extension under the Credit Agreement and of the incurrence or renewal of any other Secured Obligations, (iii) notice of any of the matters referred to in Section 5.10 6.10 and (iv) all other notices that may be required by applicable Laws Law or otherwise to preserve any rights against such each Pledgor under the Collateral Documents, including any notice of default, demand, dishonor, presentment and protest;
(d) diligencediligence on the part of the Collateral Agent or any Secured Party in exercising its remedies hereunder;
(e) any defense based upon, arising out of or in any way related to (i) any claim that any sale or other disposition of any collateral for the Secured Obligations was not conducted in a commercially reasonable fashion or that a public sale, should the Collateral Agent have elected to so proceed, was, in and of itself, not a commercially reasonable method of sale, (ii) any claim that any election of remedies by the Security AgentSecured Parties, including the exercise by the Security Collateral Agent or any other Secured Party of any rights against any collateral, impaired, reduced, released or otherwise extinguished any right that such Pledgor might otherwise have had against the Company, any other Pledgor, Borrower or any guarantor or against any collateral, including any right of subrogation, exoneration, reimbursement or contribution or right to obtain a deficiency judgment, (iiiii) any claim based upon, arising out of or in any way related to any of the matters referred to in Section 5.10 6.10 and (iiiiv) any claim that the Collateral Documents should be strictly construed against the Security AgentSecured Parties; and
(f) ALL OTHER DEFENSES UNDER APPLICABLE LAWS LAW THAT WOULD, BUT FOR THIS CLAUSE (f), BE AVAILABLE TO SUCH ANY PLEDGOR AS (i) A DEFENSE AGAINST THE ENFORCEMENT OF THE SECURITY INTEREST, (ii) A REDUCTION OR LIMITATION OF THE SECURED OBLIGATIONS SECURED THEREBY OR (iii) A DEFENSE AGAINST ITS OBLIGATIONS UNDER THE COLLATERAL DOCUMENTS.
Appears in 1 contract
Samples: Pledge and Security Agreement (Molecular Insight Pharmaceuticals, Inc.)