Common use of No Waiver of Lien Priorities Clause in Contracts

No Waiver of Lien Priorities. No right of the Agent or any other Secured Party of any Class to enforce any provision of this Agreement or any Credit Document of such Class shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by any act or failure to act by any Agent or any other Secured Party, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement or any Credit Document, regardless of any knowledge thereof that any Agent or any other Secured Party may have or be otherwise charged with.

Appears in 4 contracts

Samples: Term Credit Agreement (Fossil Group, Inc.), Credit Agreement (Mens Wearhouse Inc), Term Credit Agreement (Ascena Retail Group, Inc.)

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