Guarantor hereby waives Sample Clauses
The "Guarantor hereby waives" clause serves to formally state that the guarantor voluntarily gives up certain legal rights or defenses that might otherwise be available under law. In practice, this often means the guarantor cannot claim protections such as requiring the lender to first pursue the primary borrower or to notify the guarantor of defaults before seeking payment. By including this clause, the agreement ensures that the lender can enforce the guarantee more efficiently and without procedural delays, thereby reducing the risk of non-recovery due to procedural defenses.
Guarantor hereby waives. 6.1.1 notice of acceptance of this Guaranty and of creation of the Guaranteed Obligations;
6.1.2 presentment, notice of non-payment, and demand for payment of the Guaranteed Obligations;
6.1.3 protest, notice of protest, and notice of dishonor or default to Guarantor or to any other party with respect to any of the Guaranteed Obligations;
6.1.4 the right to receive demand for payment under this Guaranty;
6.1.5 any defense or circumstance (including, without limitation, disability, insolvency, lack of authority or power, insanity, minority, death or dissolution), other than payment of the Guaranteed Obligations, which might otherwise constitute a legal or equitable discharge of Guarantor's liability hereunder;
6.1.6 any defense of Tenant to the Guaranteed Obligations;
6.1.7 any rights to extension, composition or otherwise under the Bankruptcy Code or any amendments thereof, or under any state or other federal statute;
6.1.8 the right to trial by jury in any litigation arising out of, relating to, or connected with this Guaranty;
6.1.9 all rights or defenses that Guarantor may have as set forth in Division Three, Part 4, Title 13, currently Sections 2787 through 2914, of the California Civil Code, which address generally suretyship;
6.1.10 Guarantor waives any and all demands, actions, defenses, defaults, claims, breaches, causes of action, obligations, damages, and/or liabilities of any nature whatsoever existing as of the date hereof which Guarantor has or may have against City arising from or out of the Permit.
Guarantor hereby waives. Notice of acceptance of this Guaranty and of creation of the Obligations;
Guarantor hereby waives notice of acceptance hereof; notice of any Loans or other extensions of credit from time to time made by Lender to Borrowers and the creation or existence of any Guaranteed Obligations; notice of the amount of Guaranteed Obligations from time to time, subject to Limited Guarantor’s right to make inquiry of Lender to ascertain the amount of Guaranteed Obligations at any reasonable time; notice of any adverse change in Borrowers’ financial condition or of any other fact which might increase Limited Guarantor’s risk; notice of presentment for payment, demand, protest and notice thereof as to any note or other Instrument; notice of any Default, Event of Default or acceleration and all other notices and demands to which Limited Guarantor might otherwise be entitled under applicable law; any defense that Borrowers may at any time assert based upon the statute of limitations, the statute of frauds, failure of consideration, fraud, bankruptcy, lack of legal capacity, usury, or accord and satisfaction; any defense that other indemnity, guaranty or security was to be obtained; any defense or claim that any person purporting to bind Borrowers to the payment or collection of Guaranteed Obligations did not have actual or apparent authority to do so; any right to contest the commercial reasonableness of the disposition of any or all Collateral; and any defense or claim that any act or failure to act by the Guaranteed Party had the effect of increasing Limited Guarantor’s risk of payment. Limited Guarantor further waives any right Limited Guarantor may have under applicable law to any right to appraisement, valuation, stay of execution, or notice of election to declare due the amount of any Guaranteed Obligations or with regard to Lender’s enforcement of any Lien or other interest the Guaranteed Party may hold in any property of Borrowers, or any of them.
Guarantor hereby waives. 7.1.1. notice of acceptance of this Guaranty and of creation of the Obligations;
7.1.2. presentment and notice of non-payment;
7.1.3. protest, notice of protest, and notice of dishonor to Guarantor or to
Guarantor hereby waives. (a) notice of acceptance of this Guaranty; (b) demand of payment, notice of nonperformance, notice of dishonor, presentation,