Common use of Guaranteed Obligations Not Waived Clause in Contracts

Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the 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 each Guar- antor hereunder shall not be affected by (a) the failure of the Agents or any other Secured Party to assert any claim or demand or to enforce or exercise any right or remedy against the Loan Parties under the provisions of the Credit Agreement, any other Loan Document or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document, any Guarantee or any other agreement, including with respect to any other Guarantor under this Agreement, or (c) the failure to perfect any security interest in or lien on, or the release of, any of the security held by or on behalf of the Agents or any other Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

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Guaranteed Obligations Not Waived. To the fullest extent --------------------------------- permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the 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 each Guar- antor Guarantor hereunder shall not be affected by (a) the failure of the Agents Agent or any other Secured Party to assert any claim or demand or to enforce or exercise any right or remedy against the Loan Parties Borrower or any other Guarantor under the provisions of the Credit Agreement, any other Loan Document or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, of this Agreement, any other Loan Document, any Guarantee or any other agreement, including with respect to any other Guarantor under this Agreement, Agreement or (c) the failure to perfect any security interest in or lien onin, or the release of, any of the security held by or on behalf of the Agents Agent or any other Secured Party.

Appears in 1 contract

Samples: Guarantee Agreement (Qhe Partnership)

Guaranteed Obligations Not Waived. To the fullest --------------------------------- extent permitted by applicable law, each Guarantor the Borrower waives presentment to, demand of payment from and protest to the Loan Parties any Designated 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 obligation of each Guar- antor the Borrower hereunder shall not be affected by (a) the failure of the Agents Administrative Agent or any other Secured Party Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Loan Parties any Designated Borrower or any other guarantor under the provisions of the Credit Agreement, any other Loan Document or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document, any Guarantee or any other agreement, including with respect to any other Guarantor guarantor under this Agreement, or (c) the failure to perfect any security interest in or lien onin, or the release of, any of the security held by or on behalf of the Agents Administrative Agent or any other Secured PartyLender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Certegy Inc)

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Guaranteed Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor the Borrower waives presentment to, demand of payment from and protest to the Loan Parties any Designated 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 obligation of each Guar- antor the Borrower hereunder shall not be affected by (a) the failure of the Agents Administrative Agent or any other Secured Party Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Loan Parties any Designated Borrower or any other guarantor under the provisions of the Credit Agreement, any other Loan Document or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document, any Guarantee or any other agreement, including with respect to any other Guarantor guarantor under this Agreement, or (c) the failure to perfect any security interest in or lien onin, or the release of, any of the security held by or on behalf of the Agents Administrative Agent or any other Secured PartyLender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Certegy Inc)

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