Common use of Understanding With Respect to Waivers and Consents Clause in Contracts

Understanding With Respect to Waivers and Consents. The Obligor warrants and agrees that each of the waivers and consents set forth in this Agreement is made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the Obligor otherwise may have against LP Acquisition Sub, the Secured Party or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Asset Purchase Agreement (Planetout Inc)

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Understanding With Respect to Waivers and Consents. The Obligor Each Guarantor warrants and agrees that each of the waivers and consents set forth in this Agreement is are made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the Obligor such or any other Guarantor otherwise may have against LP Acquisition Subthe Company, the Secured Party Holders, the Trustee or any other Person or against any collateralCollateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Subordinated Guarantee Agreement (Inamed Corp)

Understanding With Respect to Waivers and Consents. The Each Obligor warrants and agrees that each of the waivers and consents set forth in this Agreement is made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the that any Obligor otherwise may have against LP Acquisition Subthe Company, the Secured any Lender Party or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such those waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit Agreement (Salem Communications Corp /De/)

Understanding With Respect to Waivers and Consents. The Obligor Pledgor warrants and agrees that each of the waivers and consents set forth in this Agreement is made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the Obligor Pledgor otherwise may have against LP Acquisition SubIssuer, the Collateral Agent, any other Secured Party or any other Person or against any collateralCollateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable lawRequirements of Law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Pledge Agreement (Cheniere Energy Inc)

Understanding With Respect to Waivers and Consents. The -------------------------------------------------- Obligor warrants and agrees that each of the waivers and consents set forth in this Agreement is made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which that the Obligor otherwise may have against LP Acquisition Subthe Company, the Secured Party or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such those waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit Agreement (Santa Fe Gaming Corp)

Understanding With Respect to Waivers and Consents. The Obligor Pledgor warrants and agrees that each of the waivers and consents set forth in this Agreement is made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the Obligor Pledgor otherwise may have against LP Acquisition SubCCH Direct Parent, the Collateral Agent, any other Secured Party or any other Person or against any collateralCollateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable lawRequirements of Law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Pledge Agreement (Cheniere Energy Inc)

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Understanding With Respect to Waivers and Consents. The Each Obligor warrants and agrees that each of the waivers and consents set forth in this Agreement is are made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the such or any other Obligor otherwise may have against LP Acquisition Subthe Company, the Secured Party Holders, the Trustee or any other Person or against any collateralCollateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Subordinated Guarantee and Security Agreement (Inamed Corp)

Understanding With Respect to Waivers and Consents. The Each Obligor warrants and agrees that each of the waivers and consents set forth in this Agreement is are made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the such or any other Obligor otherwise may have against LP Acquisition Subthe Company, the Secured Party Holders, the Collateral Agent or any other Person or against any collateralCollateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Appaloosa Management Lp)

Understanding With Respect to Waivers and Consents. The Obligor -------------------------------------------------- warrants and agrees that each of the waivers and consents set forth in this Agreement is are made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of its their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which the Obligor such or any other guarantor otherwise may have against LP Acquisition Subthe Company, the Secured Party Siena or any other Person person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Pledge and Guarantee Agreement (Easyriders Inc)

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