Common use of Obligations Not Waived Clause in Contracts

Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other guarantor of any of the 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 obligations of each Guarantor hereunder shall not be affected by (a) the failure of the Administrative Agent or any other Lender to assert any claim or demand or to exercise or enforce any right or remedy against the Borrower or any other guarantor under the provisions of this Agreement, 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, any guarantee or any other agreement, including with respect to any other Subsidiary Guarantor under this Agreement; (c) the release of any security held by the Administrative Agent or any other Lender for the Obligations; or (d) 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.

Appears in 2 contracts

Samples: Senior Subordinated Loan Agreement (Danbury Pharmacal Puerto Rico Inc), Senior Subordinated Loan Agreement (Schein Pharmaceutical Inc)

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Obligations Not Waived. To the fullest extent permitted by ---------------------- applicable law, each the Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other guarantor of any of the 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 obligations of each the Guarantor hereunder shall not be affected by (a) the failure of the Administrative Collateral Agent or any other Lender Secured Party to assert any claim or demand or to enforce or exercise or enforce any right or remedy against the Borrower or any other guarantor under the provisions of this Agreement, any Loan Support Document or Secured Instrument 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 Support Document, any guarantee Secured Instrument, any Guarantee or any other agreement, including with respect to any other Subsidiary Guarantor under this Agreement; guarantor or (c) the release of any security held by the Administrative Agent or any other Lender for the Obligations; or (d) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative AgentCollateral Agent or any other Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Leap Wireless International Inc), Credit Agreement (Leap Wireless International Inc)

Obligations Not Waived. To the fullest extent permitted by applicable law, each the Guarantor waives presentment or protest to, demand of or payment from and protest to the Borrower or any other guarantor 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 obligations of each the Guarantor hereunder shall not be affected by (ai) the failure of the Administrative Agent or any other Lender to assert any claim or demand or to enforce or exercise or enforce any right or remedy against the Borrower or any other guarantor under the provisions of this the Credit Agreement, any other Loan Document or otherwise; , (bii) 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 Subsidiary Guarantor under this Agreement; (c) the release of any security held by the Administrative Agent or any other Lender for the Obligations; or (diii) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative AgentAgent or any Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (ONEOK Partners LP)

Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other guarantor of any of the 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 obligations of each Guarantor hereunder shall not be affected by (a) the failure of the Administrative Agent or any other Lender Secured Party to assert any claim or demand or to enforce or exercise or enforce any right or remedy against the Borrower or any other guarantor Guarantor under the provisions of this the Credit Agreement, any other Loan Document or otherwise; , (b) any rescission, waiverwaiver (except the effect of any waiver obtained pursuant to Section 12(b)), amendment or modification of, or any release from any of the terms or provisions of this Agreement, any other Loan Document, any guarantee other Guarantee or any other agreementagreement (in each case pursuant to the terms thereof), including with respect to any other Subsidiary Guarantor under this Agreement; , or (c) the release of any security held by the Administrative Agent or any other Lender for the Obligations; or (d) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative AgentAgent or any other Secured Party.

Appears in 1 contract

Samples: Guarantee Agreement (Seagate Technology)

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Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other guarantor of any of the 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 obligations of each Guarantor hereunder shall not be affected by (a) the failure of the Administrative Agent or any other Lender to assert any claim or demand or to enforce or exercise or enforce any right or remedy against the Borrower or any other guarantor under the provisions of this 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 Subsidiary Guarantor under this Agreement; guarantor, or (c) the release of any security held by the Administrative Agent or any other Lender for the Obligations; or (d) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative AgentAgent or any Lender.

Appears in 1 contract

Samples: Guarantee Agreement (Deltic Timber Corp)

Obligations Not Waived. To the fullest extent permitted by applicable law, each Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other guarantor of any of the 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 obligations of each Subsidiary Guarantor hereunder shall not be affected by (a) the failure of the Administrative Collateral Agent or any other Lender Secured Party to assert any claim or demand or to exercise or enforce any right or remedy against the Borrower or any other guarantor under Subsidiary Guarantor pursuant to the provisions of this Agreement, 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, any guarantee or any other agreement, including with respect to any other Subsidiary Guarantor under this Agreement; (c) the release of any security held by the Administrative Collateral Agent or any other Lender Secured Party for the ObligationsObligations or any of them; or (d) the failure to perfect any security interest in, or the release of, any of the security held by Collateral Agent or on behalf any other Secured Party to exercise any right or remedy against any other Subsidiary Guarantor or guarantor of the Administrative AgentObligations.

Appears in 1 contract

Samples: Guarantee Agreement (Foodbrands America Inc)

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