Common use of Notice of Acceptance and Other Waivers Clause in Contracts

Notice of Acceptance and Other Waivers. To the fullest extent permitted by applicable law, each Second Lien Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under the First Lien Notes, or the creation or existence of any First Lien Obligations; (iii) notice of the amount of the First Lien Obligations; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase such Second Lien Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to the First Lien Notes; and (vi) all other notices (except if such notice is specifically required to be given to such Second Lien Creditor under this Agreement or any Note Document) and demands to which such Second Lien Creditor might otherwise be entitled.

Appears in 2 contracts

Samples: Intercreditor Agreement (RS Properties I LLC), Intercreditor Agreement (Sands Brothers Venture Capital Ii LLLC)

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Notice of Acceptance and Other Waivers. To the fullest extent permitted by applicable law, each Second Lien Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under the Note issued to First Lien NotesCreditors, or the creation or existence of any First Lien Obligations; (iii) notice of the amount of the First Lien Obligations; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase such Second Lien Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to the Note issued to First Lien NotesCreditors; and (vi) all other notices (except if such notice is specifically required to be given to such Second Lien Creditor under this Agreement or any Note Document) and demands to which such Second Lien Creditor might otherwise be entitled.

Appears in 2 contracts

Samples: Intercreditor Agreement (Perlman Richard E), Intercreditor Agreement (RS Properties I LLC)

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