Common use of Other Waivers Clause in Contracts

Other Waivers. Each Subsidiary Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of the Guaranteed Parties, any right to which it may be entitled: (A) that the assets of any Obligor first be used, depleted and/or applied in satisfaction of the Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (B) to require that any Obligor be sued and all claims against such Obligor be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (C) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 3 contracts

Samples: Amendment Agreement (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp), Amendment No. 1 (Sprint Nextel Corp)

AutoNDA by SimpleDocs

Other Waivers. Each Subsidiary Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of the Guaranteed Parties, any right to which it may be entitled: (Ai) that the assets of the Borrower or any Obligor Subsidiary Guarantor first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that the Borrower or any Obligor Subsidiary Guarantor be sued and all claims against such Obligor the Borrower or any Subsidiary Guarantor be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Credit Agreement (Herbst Gaming, LLC)

Other Waivers. Each Subsidiary Guarantor expressly waives, to To the fullest extent permitted by law, each Subsidiary Guarantor expressly waives for the benefit of each of the Guaranteed PartiesSecured Creditors, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrower be sued and all claims against such Obligor the Borrower be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; andand 4841-1063-1838V11 (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Revlon Inc /De/)

Other Waivers. Each Subsidiary Guarantor expressly waives, to To the fullest extent permitted by law, each Subsidiary Guarantor expressly waives for the benefit of each of the Guaranteed Second Lien Secured Parties, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrower be sued and all claims against such Obligor the Borrower be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Second Lien Guarantee and Security Agreement (Revlon Inc /De/)

Other Waivers. Each Subsidiary Guarantor expressly waives, to To the fullest extent permitted by law, each Subsidiary Guarantor expressly waives for the benefit of each of the Guaranteed Third Lien Secured Parties, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrower be sued and all claims against such Obligor the Borrower be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Third Lien Guarantee and Security Agreement (Revlon Inc /De/)

AutoNDA by SimpleDocs

Other Waivers. Each Subsidiary Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of the Guaranteed Secured Parties, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrower be sued and all claims against such Obligor the Borrower be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Credit Agreement (CBRE Acquisition Holdings, Inc.)

Other Waivers. Each Subsidiary Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of the Guaranteed PartiesHolders, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrowers first be used, depleted and/or applied in satisfaction of the Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrowers be sued and all claims against such Obligor the Borrowers be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: Credit Agreement (Carlyle Group L.P.)

Other Waivers. Each Subsidiary Guarantor expressly waives, to To the fullest extent permitted by law, each Subsidiary Guarantor expressly waives for the benefit of each of the Guaranteed First Lien Secured Parties, any right to which it may be entitled: (Ai) that the assets of any Obligor the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts being claimed from or paid by such Subsidiary Guarantor; (Bii) to require that any Obligor the Borrower be sued and all claims against such Obligor the Borrower be completed prior to an action or proceeding being initiated against such Subsidiary Guarantor; and (Ciii) to have its obligations hereunder be divided among the Subsidiary Guarantors, such that each Subsidiary Guarantor’s obligation would be less than the full amount claimed.

Appears in 1 contract

Samples: First Lien Guarantee and Security Agreement (Revlon Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!