Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP waives presentment to, demand of payment from and protest to the other Loan Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP hereunder shall not be affected by (i) the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of this Agreement, any other Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee Agreement, or (iii) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent or any Lender.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Kaneb Pipe Line Partners L P), Bridge Loan Agreement (Kaneb Services LLC), Bridge Loan Agreement (Kaneb Services LLC)
Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP each Guarantor waives presentment to, demand of payment from and protest to the other Loan Parties Sponsor of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP each Guarantor hereunder shall not be affected by (ia) the failure of the Administrative Agent Servicer or any Lender Participant to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower Sponsor or any other Guarantor under the provisions of this the Loan Facility Agreement, any other Operative Document, any Loan Document or otherwise, (iib) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Operative Document, any Loan Document Document, any Guaranty or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee this Agreement, or (iiic) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent Servicer or any LenderParticipant.
Appears in 3 contracts
Samples: Loan Facility Agreement (Ruby Tuesday Inc), Loan Facility Agreement (Ruby Tuesday Inc), Loan Facility Agreement (Ruby Tuesday Inc)
Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP each Guarantor waives presentment to, demand of payment from and protest to the other Loan Parties Borrower of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP each Guarantor hereunder shall not be affected by (ia) the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of this the Credit Agreement, any other Loan Document or otherwise, (iib) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document Document, any Guaranty or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee this Agreement, or (iiic) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent or any Lender.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Ruby Tuesday Inc), Revolving Credit Agreement (Ruby Tuesday Inc), Revolving Credit and Term Loan Agreement (Ruby Tuesday Inc)
Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP each Guarantor waives presentment to, demand of payment from and protest to the other Loan Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP each Guarantor hereunder shall not be affected by (ia) the failure of the Administrative Agent Agents or any Lender other Secured Party to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor Loan Parties under the provisions of this the Credit Agreement, any other Loan Document or otherwise, (iib) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document Document, any Guarantee or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee this Agreement, or (iiic) the failure to perfect any security interest inin or lien on, or the release of, any of the security held by or on behalf of the Administrative Agent Agents or any Lenderother Secured Party.
Appears in 2 contracts
Samples: Guarantee Agreement (Polymer Group Inc), Guarantee Agreement (Polymer Group Inc)
Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP each Guarantor waives presentment to, demand of payment from and protest to the other Loan Credit Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP each Guarantor hereunder shall not be affected by (ia) the failure of the Administrative Agent or any Lender other Secured Creditor to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor Credit Parties under the provisions of this the Credit Agreement, any other Loan Document or otherwise, (iib) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document Document, any Guarantee Agreement or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee this Agreement, or (iiic) the failure to perfect any security interest inin or lien on, or the release of, any of the security held by or on behalf of the Administrative Agent or any Lenderother Secured Creditor.
Appears in 1 contract
Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, KPP each Guarantor waives presentment to, demand of payment from and protest to the other Loan Parties Borrower of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of KPP each Guarantor hereunder shall not be affected by (ia) the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of this the Credit Agreement, any other Loan Document or otherwise, (iib) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document Document, any Guarantee or any other agreement, including with respect to any other Guarantor under the Subsidiary Guarantee this Agreement, or (iiic) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent or any Lender.
Appears in 1 contract