Common use of Suretyship Waivers Clause in Contracts

Suretyship Waivers. Because Credit Parties are not direct borrowers from Lender under this Agreement, although the Loans directly and indirectly benefit each Person comprising Borrowers and Credit Parties, it is possible that the Credit Parties could be construed as guarantors or sureties of Borrowers and of each other and thereby have certain rights and remedies accorded to them that were not intended to be available to any of them. Accordingly, in order to induce the Lender to provide the credit facilities and accommodations provided for herein, each Person which is a Borrower or a Credit Party for itself agrees as follows:

Suretyship Waivers. Because Credit Parties are not direct borrowers from Lender under this Agreement, although the Loans Loan directly and indirectly benefit benefits each Person comprising Borrowers and Credit Parties, it is possible that the Credit Parties could be construed as guarantors or sureties of Borrowers and of each other and thereby have certain rights and remedies accorded to them that were not intended to be available to any of them. Accordingly, in order to induce the Lender to provide the credit facilities and accommodations provided for herein, each Person which is a Borrower or a Credit Party for itself agrees as follows:

Suretyship Waivers. Because Credit Parties are not direct borrowers from Lender Lenders under this Agreement, although the Loans directly and indirectly benefit each Person comprising Borrowers and Credit Parties, it is possible that the Credit Parties could be construed as guarantors or sureties of Borrowers and of each other and thereby have certain rights and remedies accorded to them that were not intended to be available to any of them. Accordingly, in order to induce the Lender Lenders to provide the credit facilities and accommodations provided for herein, each Person which is a Borrower or a Credit Party for itself agrees as follows:

Suretyship Waivers. Because each Credit Parties are Party is not a direct borrowers borrower from Lender under this Agreement, although the Loans Loan directly and indirectly benefit benefits each Person comprising Borrowers and the Credit Parties, it is possible that the Credit Parties could be construed as guarantors a guarantor or sureties surety of Borrowers Borrower and of each other and thereby have certain rights and remedies accorded to them that were not intended to be available to any of them. Accordingly, in order to induce the Lender to provide the credit facilities and accommodations provided for hereinNew Loan, each Person which is a Borrower or a Credit Party for itself agrees as follows:

Suretyship Waivers. Because Credit Parties are not direct borrowers from Lender under this Agreement, although the Loans Loan directly and indirectly benefit benefits each Person comprising Borrowers and Credit Parties, it is possible that Borrowers and the Credit Parties could be construed as guarantors or sureties of Borrowers and of each other and thereby have certain rights and remedies accorded to them that were not intended to be available to any of them. Accordingly, in order to induce the Lender to provide the credit facilities and accommodations provided for herein, each Person which is a Borrower or a Credit Party for itself agrees as follows: