Common use of Defenses Waived Clause in Contracts

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of TCAC’s Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than the final and indefeasible payment in full in cash of TCAC’s Obligations) of TCAC or any other Person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of TCAC’s Obligations, make any other accommodation with TCAC or any other Guarantor or exercise any other right or remedy available to them against TCAC or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent TCAC’s Obligations have been fully, finally and indefeasibly paid in cash. 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 each Guarantor against TCAC or any other Guarantor or any security.

Defenses Waived. To the fullest extent permitted by applicable law, each Subsidiary Guarantor waives any defense based on or arising out of the unenforceability of TCAC’s the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than the final and indefeasible payment in full in cash of TCAC’s the Obligations) of TCAC the Borrowers or any other Person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of TCAC’s the Obligations, make any other accommodation with TCAC the Borrowers or any other Guarantor or exercise any other right or remedy available to them against TCAC the Borrowers or any other Guarantor, without affecting or impairing in any way the liability of each Subsidiary Guarantor hereunder except to the extent TCAC’s the Obligations have been fully, finally and indefeasibly paid in cash. 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 each Subsidiary Guarantor against TCAC the Borrowers or any other Guarantor or any security.

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of TCAC’s the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than the final and indefeasible payment in full in cash of TCAC’s the Secured Obligations) of TCAC Borrower or any other Personperson. Subject to the terms of the other Loan Documents, the Administrative Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of TCAC’s the Secured Obligations, make any other accommodation with TCAC Borrower or any other Guarantor or exercise any other right or remedy available to them against TCAC Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent TCAC’s the Secured Obligations have been fully, ,finally and indefeasibly paid in cash. Each Pursuant to and to the fullest extent permitted by applicable law, 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 each Guarantor against TCAC Borrower or any other Guarantor or any security.

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any Loan Party or the unenforceability of TCAC’s the Guaranteed Obligations or any part thereof from any cause causes, or the cessation from any cause of the liability (of any Loan Party, other than the final and indefeasible payment in full in cash of TCAC’s the Guaranteed Obligations) of TCAC or . The Administrative Agent, any other Person. Subject to the terms of the other Loan DocumentsIssuer, the Administrative Agent any Trustee and the other Secured Parties may, any Lender may at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of TCAC’s the Guaranteed Obligations, make any other accommodation with TCAC any other Loan Party or any other Guarantor or exercise any other right or remedy available to them against TCAC or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Guarantor hereunder except to the extent TCAC’s the Guaranteed Obligations have been fully, finally and indefeasibly paid in cash. Each Pursuant to applicable law, 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 each such Guarantor against TCAC IMTT-Fxxxx or any other Guarantor or guarantor, as the case may be, or any security.