Common use of Notice to Lender Upon Perceived Breach Clause in Contracts

Notice to Lender Upon Perceived Breach. GUARANTOR AGREES TO GIVE LENDER WRITTEN NOTICE OF ANY ACTION OR INACTION BY LENDER IN CONNECTION WITH TILE OBLIGATIONS THAT GUARANTOR BELIEVES MAY BE ACTIONABLE AGAINST LENDER OR A DEFENSE TO PAYMENT FOR ANY REASON, INCLUDING, 13UT NOT LIMITED TO, COMMISSION OF A TORT OR VIOLATION OF ANY CONTRACTUAL DUTY OR DUTY IMPLIED BY LAW. GUARANTOR AGREES THAT UNLESS SUCH NOTICE IS DULY GIVEN AS PROMPTLY AS POSSIBLE (AND IN ANY EVENT WITHIN TEN (10) DAYS AFTER GUARANTOR LEARNS OF ANY SUCH ACTION OR INACTION), GUARANTOR SHALL NOT ASSERT AGAINST LENDER, AND GUARANTOR SHALL BE DEEMED TO HAVE WAIVED, ANY CLAIM OR DEFENSE ARISING THEREFROM.

Appears in 1 contract

Samples: Loan Agreement (Obsidian Enterprises Inc)

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Notice to Lender Upon Perceived Breach. GUARANTOR AGREES TO GIVE LENDER WRITTEN NOTICE OF ANY ACTION OR INACTION BY LENDER IN CONNECTION WITH TILE THE OBLIGATIONS THAT GUARANTOR BELIEVES MAY BE ACTIONABLE AGAINST LENDER OR A DEFENSE DEJ~ENSE TO PAYMENT FOR ANY REASON, INCLUDING, 13UT BUT NOT LIMITED TO, COMMISSION OF A TORT OR VIOLATION OF ANY CONTRACTUAL DUTY OR DUTY IMPLIED BY LAW. GUARANTOR AGREES THAT UNLESS SUCH NOTICE IS DULY GIVEN AS PROMPTLY AS POSSIBLE (AND IN ANY EVENT WITHIN TEN (10) DAYS AFTER GUARANTOR LEARNS OF ANY SUCH ACTION OR INACTION), GUARANTOR SHALL NOT ASSERT AGAINST LENDER, AND GUARANTOR SHALL BE DEEMED TO HAVE WAIVED, ANY CLAIM OR DEFENSE ARISING THEREFROMTHEREEROM.

Appears in 1 contract

Samples: Loan Agreement (Obsidian Enterprises Inc)

Notice to Lender Upon Perceived Breach. GUARANTOR AGREES TO GIVE LENDER WRITTEN NOTICE OF ANY ACTION OR INACTION BY LENDER IN CONNECTION WITH TILE THE OBLIGATIONS THAT GUARANTOR BELIEVES MAY BE ACTIONABLE AGAINST LENDER OR A DEFENSE TO PAYMENT FOR ANY REASON, INCLUDING, 13UT BUT NOT LIMITED TO, COMMISSION OF A TORT OR VIOLATION OF ANY CONTRACTUAL DUTY OR DUTY IMPLIED BY LAW. GUARANTOR AGREES THAT UNLESS SUCH NOTICE IS DULY GIVEN AS PROMPTLY AS POSSIBLE (AND IN ANY EVENT WITHIN TEN (10) DAYS DAYS) AFTER GUARANTOR LEARNS OF ANY SUCH ACTION OR INACTION), GUARANTOR SHALL NOT ASSERT AGAINST LENDER, AND GUARANTOR SHALL BE DEEMED TO HAVE WAIVED, ANY CLAIM OR DEFENSE ARISING THEREFROM.

Appears in 1 contract

Samples: Unconditional Guaranty (HLM Design Inc)

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Notice to Lender Upon Perceived Breach. GUARANTOR AGREES TO GIVE LENDER WRITTEN NOTICE OF ANY ACTION OR INACTION BY LENDER IN CONNECTION WITH TILE THE OBLIGATIONS THAT GUARANTOR BELIEVES MAY BE ACTIONABLE AGAINST LENDER OR A DEFENSE TO PAYMENT FOR ANY REASON, INCLUDING, 13UT BUT NOT LIMITED TO, COMMISSION OF A TORT OR VIOLATION OF ANY CONTRACTUAL DUTY OR DUTY IMPLIED BY LAW. GUARANTOR AGREES THAT UNLESS SUCH NOTICE IS DULY GIVEN AS PROMPTLY AS POSSIBLE (AND IN ANY EVENT WITHIN TEN (10) DAYS AFTER GUARANTOR LEARNS OF ANY SUCH ACTION OR INACTION), GUARANTOR SHALL NOT ASSERT AGAINST LENDER, AND GUARANTOR SHALL BE DEEMED TO HAVE WAIVED, ANY CLAIM OR DEFENSE ARISING THEREFROM.

Appears in 1 contract

Samples: Loan Agreement (Obsidian Enterprises Inc)

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