Common use of Existence of Default Clause in Contracts

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree that the Obligor on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors expressly agree that Secured Party shall not be liable to Debtors for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's exercise of any rights, powers or remedies under any Loan Paper except for its own fraud, gross negligence, willful misconduct or violation of any Law.

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree Debtor agrees that the Obligor Obligors or account debtors on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors exists and Debtor expressly agree agrees that Secured Party shall not be liable to Debtors Debtor for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's ’s exercise of any rights, powers or remedies under any Loan Paper Document except for its own fraud, gross negligence, or willful misconduct or violation of any Lawmisconduct.

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree Debtor agrees that the Obligor obligors on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors Debtor expressly agree agrees that Secured Party shall not be liable to Debtors Debtor for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's exercise of any rights, powers or remedies under any Loan Paper the Note or this Agreement except for its own fraud, gross negligence, willful misconduct or violation of any Lawlaw.

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree Debtor agrees that the Obligor Obligors or account debtors on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors exists and Debtor expressly agree agrees that Secured Party shall not be liable to Debtors Debtor for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's ’s exercise of any rights, powers or remedies under any Loan Paper Document, except for its own fraud, gross negligence, or willful misconduct or violation of any Lawmisconduct.

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree Debtor agrees that the Obligor Obligors or Account Debtors on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors exists and Debtor expressly agree agrees that Secured Party shall not be liable to Debtors Debtor for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's ’s exercise of any rights, powers or remedies under any Loan Paper Document except for its own fraud, gross negligence, or willful misconduct or violation intentional breach by Secured Party of any Lawthis Agreement or the Loan Agreement.

Existence of Default. Regarding the existence of any Default for purposes of this Agreement, Debtors agree Debtor agrees that the Obligor Obligors or Account Debtors on any Collateral may rely upon written certification from Secured Party that such a Default exists. Subject to the terms of the Credit Agreement, Debtors exists and Debtor expressly agree agrees that Secured Party shall not be liable to Debtors Debtor for any claims, damages, costs, expenses or causes of action of any nature whatsoever in connection with, arising out of, or related to Secured Party's ’s exercise of any rights, powers or remedies under any Loan Paper Document except for its own fraud, gross negligence, or willful misconduct or violation of any Lawmisconduct.