Common use of Significance of Waivers Clause in Contracts

Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the Guarantor’s full knowledge of its significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the Guarantor otherwise may have against the Transferor or any other obligor, guarantor or Person, or against collateral, and that under the circumstances the waivers are reasonable.

Appears in 3 contracts

Samples: Limited Guaranty (Santander Drive Auto Receivables Trust 2007-1), Limited Guaranty (Santander Drive Auto Receivables Trust 2007-2), Limited Guaranty (Santander Drive Auto Receivables Trust 2007-3)

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Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the Guarantor’s full knowledge of its significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the Guarantor otherwise may have against the Transferor Borrower or any other obligor, guarantor or Person, or against collateralthe Collateral, and that under the circumstances the waivers are reasonable.

Appears in 3 contracts

Samples: Loan and Aircraft Security Agreement (World Wrestling Entertainmentinc), Guaranty (Primoris Services Corp), Guaranty (Primoris Services CORP)

Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the Guarantor’s full knowledge of its significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the Guarantor otherwise may have against the Transferor Borrower or any other obligor, guarantor or Person, or against collateralthe Collateral, and that under the circumstances the waivers are reasonable. Section 10.

Appears in 1 contract

Samples: Loan and Aircraft Security Agreement Loan and Aircraft Security Agreement

Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the Guarantor’s full knowledge of its significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the Guarantor otherwise may have against the Transferor Flagship, CarFinance, FC Funding or any other obligor, guarantor or Person, or against collateral, and that under the circumstances the waivers are reasonable.

Appears in 1 contract

Samples: Performance Guaranty (Flagship Credit Corp.)

Significance of Waivers. The Each Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the such Guarantor’s full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the such Guarantor otherwise may have against the Transferor DTCC or any other obligor, guarantor (including any other Guarantor) or Person, or against collateral, and that under the circumstances the waivers are reasonable. 9.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement

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Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the such Guarantor’s 's full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the such Guarantor otherwise may have against the Transferor Collection Agent, Gold Coast, National-Wide or any other obligor, guarantor or Person, or against collateral, and that under the circumstances the waivers are reasonable.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Usa Finance Inc)

Significance of Waivers. The Each Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the such Guarantor’s full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the such Guarantor otherwise may have against the Transferor DTCC or any other obligor, guarantor (including any other Guarantor) or Person, or against collateral, and that under the circumstances the waivers are reasonable.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (DT Acceptance Corp)

Significance of Waivers. The Guarantor represents, warrants and agrees that each of the waivers set forth herein are made with the Guarantor’s full knowledge of its significance and consequences, with the understanding that events giving rise to any defense waived may diminish, destroy or otherwise adversely affect rights which the Guarantor otherwise may have against the Transferor E-Loan LLC or any other obligor, guarantor or Person, or against collateral, and that under the circumstances the waivers are reasonable.. Limited Guaranty

Appears in 1 contract

Samples: Limited Guaranty (E Loan Inc)

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