Common use of Defenses of Borrower Waived Clause in Contracts

Defenses of Borrower Waived. To the fullest extent permitted by applicable law, the Guarantor waives any defense based on or arising out of any defense of the Borrower or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower, other than the final payment in full in cash of the Obligations. The Agent or the TPG Lender may, at its election, foreclose on any security held by judicial or nonjudicial sale, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other guarantor or exercise any other right or remedy available to it against the Borrower, or any other guarantor, without affecting or impairing in any way the liability of the Guarantor hereunder except to the extent the Obligations have been fully and finally paid in cash or otherwise satisfied pursuant to the terms of the Credit Agreement. Pursuant to applicable law, the Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or other right or remedy of the Guarantor against the Borrower or any other guarantor, as the case may be, or any security.

Defenses of Borrower Waived. To the fullest extent permitted by applicable law, the each Guarantor waives any defense based on or arising out of any defense of the Borrower or any other Guarantor or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the BorrowerBorrower or any other Guarantor, other than the final and indefeasible payment in full in cash of the ObligationsObligations and inchoate indemnification and reimbursement obligations. The Agent or Administrative Agent, the TPG Lender other Lenders and the Issuing Banks may, at its their election, foreclose on any security held by judicial or nonjudicial sale, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other guarantor or exercise any other right or remedy available to it them against the Borrower, Borrower or any other guarantor, without affecting or impairing in any way the liability of the any Guarantor hereunder except to the extent the Obligations have been fully fully, finally and finally indefeasibly paid in cash or otherwise satisfied pursuant to the terms of the Credit Agreementcash. Pursuant to applicable law, the each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the such Guarantor against the Borrower or any other guarantor, as the case may be, or any securityGuarantor.

Defenses of Borrower Waived. To the fullest extent permitted by applicable law, the each Subsidiary Guarantor waives any defense based on or arising out of any defense of the Borrower or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower, other than the final payment in full in cash of the Obligations. The Collateral Agent or the TPG Lender may, at its election, foreclose on any security held by it by one or more judicial or nonjudicial salesales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other guarantor or exercise any other right or remedy available to it against the Borrower, Borrower or any other guarantor, without affecting or impairing in any way the liability of the any Subsidiary Guarantor hereunder except to the extent the Obligations have been fully and finally paid in cash or otherwise satisfied pursuant to the terms of the Credit Agreementcash. Pursuant to applicable law, the each Subsidiary Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the such Subsidiary Guarantor against the Borrower or any other guarantorSubsidiary Guarantors or guarantors, as the case may be, or any security.

Defenses of Borrower Waived. To the fullest extent permitted by applicable law, each of the Guarantor Guarantors waives any defense based on or arising out of any defense of the Borrower or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower, other than the final and indefeasible payment in full in cash of the Obligations. The Agent or the TPG Lender Bank may, at its election, foreclose on any security held by it by one or more judicial or nonjudicial salesales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other guarantor Guarantor or exercise any other right or remedy available to it against the Borrower, Borrower or any other guarantorGuarantor, without affecting or impairing in any way the liability of the any Guarantor hereunder except to the extent the Obligations have been fully fully, finally and finally indefeasibly paid in cash or otherwise satisfied pursuant to the terms of the Credit Agreementcash. Pursuant to applicable law, each of the Guarantor Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the such Guarantor against the Borrower or any other guarantorGuarantor, as the case may be, or any security.