Common use of Understanding of Waivers Clause in Contracts

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this 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.), Credit Agreement (Core-Mark Holding Company, Inc.)

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Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Article XI X 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 (Microtel International Inc)

Understanding of Waivers. Each Borrower warrants and agrees that the waivers set forth in this Article XI VIII are made with full fill 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 Agreement (Telscape International Inc)

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Understanding of Waivers. Each Borrower warrants and agrees ------------------------ that the waivers set forth in this Article XI VIII are made with full fill 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 Agreement (Telscape International Inc)

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