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 person of any of the Obligations, and also waives notice of acceptance of its guarantee, notice of protest for nonpayment, and all other formalities. To the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be affected by (a) the failure of any Obligor to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of the Credit Agreement, any other Credit Document or otherwise, (b) any extension, renewal or increase of or in any of the Obligations, (c) any rescission, waiver, amendment or modification of, or any release from, any of the terms or provisions of this Agreement, any other Credit Document, any guarantee or any other agreement or instrument, including with respect to any other Guarantor under this Agreement, (d) the release of (or the failure to perfect a security interest in) any of the security held by or on behalf of the Collateral Agent or any other Obligee or (e) the failure or delay of any Obligee to exercise any right or remedy against any other guarantor of the Obligations.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Cross Country Inc)

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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 any of the Borrower or any other person Borrowers of any of the Obligations, and also waives notice of acceptance of its guarantee, guarantee and notice of protest for nonpayment, and all other formalities. 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 Obligor other Lender to assert any claim or demand or to enforce or exercise any right or remedy against the any Borrower or any other Guarantor under the provisions of the Credit Agreement, any other Credit Document or otherwise, (b) any extension, renewal or increase of or in any of the Obligations, (c) any rescission, waiver, amendment or modification of, or any release from, any of the terms or provisions of this Agreement, any other Credit Document, any guarantee Guarantee or any other agreement or instrument, including with respect to any other Guarantor under this Agreement, (d) the release of (failure or the failure delay to perfect a any security interest in) , or the release of, any of the security held by or on behalf of the Collateral Administrative Agent or any other Obligee Lender or (e) the failure or delay of the Administrative Agent or any Obligee other Lender to exercise any right or remedy against any other guarantor of the Obligations.

Appears in 1 contract

Samples: Day Credit Agreement (American Standard Companies Inc)

Obligations Not Waived. To the fullest extent permitted by applicable lawLaw, each Foreign Subsidiary Guarantor waives presentment to, demand of payment from and protest to the Borrower Borrowers or any other person Person of any of the Obligations, and also waives notice of acceptance of its guarantee, notice of protest for nonpayment, nonpayment and all other formalities. To the fullest extent permitted by applicable lawLaw, the obligations guarantee of each Foreign Subsidiary Guarantor hereunder shall not be affected by (a) the failure of any Obligor Person to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower Borrowers or any other Guarantor guarantor under the provisions of the Credit Agreement, any other Credit Loan Document or otherwise, ; (b) any extension, renewal or increase of or in any of the Obligations, ; (c) any rescission, waiver, amendment or modification of, or any release from, any of the terms or provisions of this Guaranty, the Credit Agreement, any other Credit Loan Document, any guarantee or any other agreement or instrument, including with respect to any other Guarantor guarantor under this Agreement, the Loan Documents; (d) the release fact that any obligor of (or the failure to perfect a security interest in) any of the security held by or on behalf of Obligations was not such an obligor at the Collateral Agent or any other Obligee time such Foreign Subsidiary Guarantor became party to this Guaranty; or (e) the failure or delay of any Obligee Guaranteed Party to exercise any right or remedy against any Loan Party or any other guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (WEX Inc.)

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 to any other person Guarantor of any of the Obligations, and also waives notice of acceptance of its guarantee, guarantee and notice of protest for nonpayment, and all other formalities. 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, the Collateral Agent, the Issuing Bank or any Obligor Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of the Credit Agreement, any other Credit Loan Document or otherwise, (b) any extension, renewal or increase of or in any of the Obligations, (c) any rescission, waiver, amendment or modification of, or any release from, from any of the terms or provisions of of, this Agreement, any other Credit Loan Document, any guarantee other Guarantee or any other agreement or instrumentagreement, including with respect to any other Guarantor under this Agreement, (d) the release of (or the failure to perfect a security interest in) any of the security held by or on behalf of the Collateral Agent or any other Obligee or (ec) the failure of Holdings or delay of any Obligee Subsidiary to exercise any right or remedy against any other guarantor comply with Section 5.12 of the ObligationsCredit Agreement and Section 19.

Appears in 1 contract

Samples: Pledge Agreement (Kansas City Southern Industries Inc)

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 to any other person Guarantor of any of the Obligations, and also waives notice of acceptance of its guarantee, guarantee and notice of protest for nonpayment, and all other formalities. 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, the Collateral Agent, the Issuing Bank or any Obligor Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of the Credit Agreement, any other Credit Loan Document or otherwise, (b) any extension, renewal or increase of or in any of the Obligations, (c) any rescission, waiver, amendment or modification of, or any release from, from any of the terms or provisions of of, this Agreement, any other Credit Loan Document, any guarantee other Guarantee or any other agreement or instrumentagreement, including with respect to any other Guarantor under this Agreement, (d) the release of (or the failure to perfect a security interest in) any of the security held by or on behalf of the Collateral Agent or any other Obligee or (ec) the failure of Holdings or delay of any Obligee Subsidiary to exercise any right or remedy against any other guarantor comply with Section 5.12 of the ObligationsCredit Agreement and Section 19.

Appears in 1 contract

Samples: Guarantee Agreement (Kansas City Southern Industries Inc)

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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 Borrowers or any other person Guarantor of any of the Obligations, and also waives notice of acceptance of its guarantee, the Guarantee and notice of protest for nonpayment, and all other formalities. 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, any Obligor Lender or any Issuing Bank to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower Borrowers or any other Guarantor under the provisions of the Credit Agreement, any other Credit Loan Document or otherwise, (b) any extension, extension or renewal or increase of or in any of the Obligations, Obligations or (c) any rescission, waiver, amendment or modification of, or any release from, from any of the terms or provisions of of, the Credit Agreement, this Agreement, any other Credit Loan Document, any guarantee Guarantee or any other agreement or instrumentagreement, including with respect to any other Guarantor under this Agreement, (d) the release of (or the failure to perfect a security interest in) any of the security held by or on behalf of the Collateral Agent or any other Obligee or (e) the failure or delay of any Obligee to exercise any right or remedy against any other guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Convergys 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 person of any of the Obligations, and also waives notice of acceptance of its guarantee, notice of protest for nonpayment, and all other formalities. To the fullest extent permitted by applicable law, the obligations of each Subsidiary Guarantor hereunder shall not be affected by (a) the failure of any Obligor Loan Party to assert any claim or demand or to enforce or exercise any right or remedy against the Company, the Borrower or any other Subsidiary Guarantor under the provisions of the Credit Agreement, any other Credit Loan Document or otherwise, (b) any extension, renewal or increase of or in any of the Obligations, (c) any rescission, waiver, amendment or modification of, or any release from, any of the terms or provisions of this Agreement, the Credit Agreement, any other Credit Loan Document, any guarantee or any other agreement or instrument, including with respect to any other Subsidiary Guarantor under this Agreement and with respect to the Company under Article IX of the Credit Agreement, (d) the release of (or the failure to perfect a security interest in) any of the security held by or on behalf of the Collateral Agent or any other Obligee Secured Party or (e) the failure or delay of any Obligee Secured Party to exercise any right or remedy against any other guarantor of the Obligations.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Playboy Enterprises Inc)

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