Common use of Guaranteed Obligations Not Waived Clause in Contracts

Guaranteed Obligations Not Waived. To the fullest --------------------------------- extent permitted by applicable law, the Borrower waives presentment to, demand of payment from and protest to 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 obligation of the Borrower hereunder shall not be affected by (a) 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 any Designated Borrower or any other guarantor under the provisions of any 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, 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 the release of, any of the security held by or on behalf of the Administrative Agent or any Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Certegy Inc)

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Guaranteed Obligations Not Waived. To the fullest extent --------------------------------- extent permitted by applicable law, the Borrower each Guarantor waives presentment to, demand of payment from and protest to any Designated the 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 obligation obligations of the Borrower each Guarantor hereunder shall not be affected by (a) the failure of the Administrative Agent or any Lender other Secured Party to assert any claim or demand or to enforce or exercise any right or remedy against any Designated the Borrower or any other guarantor 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 Guarantor under this Agreement, Agreement or (c) 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 Lenderother Secured Party.

Appears in 1 contract

Samples: Guarantee Agreement (Qhe Partnership)

Guaranteed Obligations Not Waived. To the fullest --------------------------------- extent permitted by applicable law, the Borrower waives presentment to, demand of payment from and protest to 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 obligation of the Borrower hereunder shall not be affected by (a) 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 any Designated Borrower or any other guarantor under the provisions of any 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, 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 the release of, any of the security held by or on behalf of the Administrative Agent or any Lender.

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, the Borrower each Guarantor waives presentment to, demand of payment from and protest to any Designated Borrower 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 obligation obligations of the Borrower each Guar- antor hereunder shall not be affected by (a) 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 any Designated Borrower or any other guarantor 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 Guarantor under this Agreement, or (c) 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 1 contract

Samples: Credit Agreement (Polymer Group Inc)

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