Pledgor’s Waivers Sample Clauses

Pledgor’s Waivers. Neither Pledgor’s obligations under this Agreement nor Bank’s interest in the Collateral shall be released, impaired or affected in any way by (i) Pledgor’s (or Borrower’s, if not same) bankruptcy, reorganization or insolvency under any law or that of any other party, or any action of a trustee in any such proceeding; (ii) failure of any other party to perform its obligations to the Bank; or (iii) any other circumstance that might constitute a legal or equitable defense to Pledgor’s (or Borrower’s, if not same) obligations under this Agreement, including without limitation: (A) any new agreements or obligations of Pledgor (or Borrower, if not same) with or to the Bank, amendments, changes in rate of interest, extensions of time for payments, modifications, renewals or the existence of or waivers of default as to any existing or future agreements of Pledgor (or Borrower, if not same) or any other party with the Bank; (B) any adjustment, compromise or release of any of the Obligations by the Bank or any other party; the existence or nonexistence or order of any filings, exchanges, releases, impairment or sale of any security for the Obligations or any part thereof or the order in which payments and proceeds of collateral are applied; or acceptance by the Bank of any writing intended by any other party to create an accord and satisfaction with respect to any of the Obligations; (C) any delay in or failure to call for, take, hold, continue, collect, preserve or protect, replace, assign, sell, lease, exchange, convert or otherwise transfer or dispose of, perfect a security interest in, realize upon or enforce any security interest in any security for the Obligations or any part thereof, regardless of its value; (D) any exercise, delay in the exercise or waiver of, any failure to exercise, or any forbearance or other indulgence relating to, any right or remedy of the Bank against Pledgor (or Borrower, if not same) or other person or relating to the Obligations, any part thereof or any security for the Obligations; (E) any fictitiousness, incorrectness, invalidity or unenforceability, for any reason, of any instrument or other agreement, or act of commission or omission by the Bank or Pledgor (or Borrower, if not same); (F) any composition, extension, moratoria or other statutory relief granted to Pledgor (or Borrower, if not same); or (G) any interruption in the business relations between the Bank and Pledgor (or Borrower, if not same), or any dissolution or cha...
Pledgor’s Waivers. Lender’s security interest in the Pledged Collateral shall be absolute and unconditional regardless of the existence or occurrence of, and Pledgor expressly waives its right to the return of the Pledged Collateral in the Event of Default hereunder, together with any defense or discharge which might otherwise arise from, any of the following:
Pledgor’s Waivers. Pledgor hereby waives:
Pledgor’s Waivers. (a) Pledgor waives any right to require Secured Party to: (i) proceed against any person, including Tenant or Pledgor under the Contribution Agreement; (ii) proceed against or exhaust any security held from Tenant; (iii) give notice of the terms, time and place of any public or private sale of personal property security held from Tenant or any other person or otherwise comply with any other provisions of Section 9-504 Uniform Commercial Code; (iv) pursue any other remedy in Secured Party's power; or (v) make any presentments or demands for performance, or give any notices of nonperformance, protests, notices of protest or notices of dishonor in connection with any obligations or evidences of indebtedness held by Secured Party as security or which constitute in whole or in part the Obligations secured hereunder, or in connection with the creation of new or additional Obligations.
Pledgor’s Waivers. Pledgor agrees that until the Obligations are paid ----------------- in full, Pledgee's security interest in the Pledged Collateral shall be absolute and unconditional regardless of the existence or occurrence of, and expressly waives any defense or discharge which might otherwise arise from, any of the following:
AutoNDA by SimpleDocs
Pledgor’s Waivers. SECTION 16.1 Pledgee’s security interest in the Share Collateral shall be absolute and unconditional regardless of the existence or occurrence of, and Pledgor expressly waives any defense or discharge that might otherwise arise from, any of the following:
Pledgor’s Waivers. Pledgor agrees that as of the Effective Date, Pledgee’s security interest in the Pledged Securities shall be absolute and unconditional regardless of the existence or occurrence of, and expressly waives any defense or discharge which might otherwise arise from, any of the following:
Pledgor’s Waivers. (a) Each Pledgor waives and agrees not to assert (i) any right to require the Corporation to proceed against any other Pledgor or guarantor or any other Person, to proceed against or exhaust any of the Pledged Collateral or any other security held for the Secured Obligations or to give notice of the terms, time and place of any public or private sale of the Pledged Collateral or any other security held for the Secu(Pounds)ed Obligations or comply with any other provisions of Section 9-504 of the Uniform Commercial Code (or any equivalent provision of any other applicable law); provided however, that -------- ------- the Corporation shall endeavor to give notice to each Pledgor of the terms, time and place of any sale of any Collateral Pledged or any other security held for the Secured Obligations, (ii) the defense of the statute of limitations in any action hereunder or for the collection or performance of the Secured Obligations, (iii) any defense arising by reason of any lack of authority or any other defense of such Pledgor or any other Person, and (iv) any defense based upon an election of remedies (including, if available, an election to proceed by nonjudicial foreclosure) which destroys or impairs the subrogation rights of such Pledgor or the right of such Pledgor to proceed against any other Pledgor or other obligor of the Secured Obligations for reimbursement. Each Pledgor assumes responsibility for keeping informed of the financial condition of the Assuming Institution and agrees that the Corporation has no obligation to keep such Pledgor so informed.
Time is Money Join Law Insider Premium to draft better contracts faster.