Common use of Understanding of Waivers Clause in Contracts

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 11 contracts

Samples: Loan and Security Agreement (Guess Inc Et Al/Ca/), Loan and Security Agreement (Guess Inc Et Al/Ca/), Assignment and Acceptance Agreement (New York & Company, Inc.)

AutoNDA by SimpleDocs

Understanding of Waivers. Each Borrower and Guarantor warrants and agrees that the waivers set forth in this Section 13 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 5 contracts

Samples: Loan and Security Agreement (RTW Retailwinds, Inc.), Loan and Security Agreement (New York & Company, Inc.), Loan and Security Agreement (New York & Company, Inc.)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 14 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 4 contracts

Samples: Loan and Security Agreement (Pcm, Inc.), Loan and Security Agreement (Bell Microproducts Inc), Loan and Security Agreement (Pc Mall Inc)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 12 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Loan and Security Agreement (Jazz Technologies, Inc.), Loan and Security Agreement (Jazz Semiconductor Inc)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 Article XI are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Credit Agreement (Core-Mark Holding Company, Inc.), Assignment and Assumption (Core-Mark Holding Company, Inc.)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 14 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.. 130

Appears in 2 contracts

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.), Loan and Security Agreement (BlueLinx Holdings Inc.)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 Article 8 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 14 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law. *** CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.

Appears in 1 contract

Samples: Loan and Security Agreement (Pc Mall Inc)

AutoNDA by SimpleDocs

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set -------------------------- forth in this Section 13 Article 11 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 1 contract

Samples: Loan and Security Agreement (Harborside Healthcare Corp)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 12 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.. 104

Appears in 1 contract

Samples: Loan and Security Agreement (Jazz Technologies, Inc.)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 9 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit and Security Agreement (Organic Food Products Inc)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Section 13 14 are made with full knowledge of their significance and consequences. If any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by law.. 105

Appears in 1 contract

Samples: Loan and Security Agreement (Natrol Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.