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

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 4 contracts

Samples: Security Agreement (New Athletics, Inc.), Security Agreement (Vantagepoint Venture Partners 1996), Security Agreement (DSL Net Inc)

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Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against the Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 3 contracts

Samples: Agency, Guaranty and Security Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc), Agency, Guaranty and Security Agreement (DSL Net Inc)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent Secured Party or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Guarantor Security Agreement (Univision Communications Inc), Security Agreement (Titan Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent Lender or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Loan Agreement (Palm Inc), Security Agreement (Chadmoore Wireless Group Inc)

Understandings With Respect to Waivers and Consents. Each The Grantor --------------------------------------------------- warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their 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 such the Grantor otherwise may have against Agent the Secured Party or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

Understandings With Respect to Waivers and Consents. Each The Grantor warrants and agrees that each of the waivers and consents set forth herein are is made with full knowledge of their 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 such the Grantor otherwise may have against Agent the Secured Party or others, or against any the Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Execution Copy Pledge and Security Agreement (American Business Financial Services Inc /De/), Pledge and Security Agreement (American Business Financial Services Inc /De/)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent Secured Parties or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Security Agreement (Vendingdata Corp), Security Agreement (Vendingdata Corp)

Understandings With Respect to Waivers and Consents. Each Grantor --------------------------------------------------- warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such a Grantor otherwise may have against Agent Secured Party or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Security Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full knowledge of 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 such Grantor otherwise may have against Collateral Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under contrary to any applicable lawLaw or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (MGM Mirage)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full knowledge of 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 such Grantor otherwise may have against Administrative Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under contrary to any applicable lawlaw or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit Agreement (Masimo Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent Secured Party or others, or against any Collateral. If any of the waivers or consents herein 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: Reimbursement Agreement (DSL Net Inc)

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Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their 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 such Grantor otherwise may have against Agent the Secured Party or others, or against any Collateral. If any of the waivers or consents herein 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: Credit Agreement (Quiksilver Inc)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent Bank or others, or against any Collateral. If any of the waivers or consents herein 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: Security Agreement (Chadmoore Wireless Group Inc)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full knowledge of 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 such any Grantor otherwise may have against Collateral Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under contrary to any applicable lawLaw or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (MGM Mirage)

Understandings With Respect to Waivers and Consents. Each Grantor represents, warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of 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 such Grantor otherwise may have against Agent the Lender or others, or against any Collateral. If any of the waivers or consents herein 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: Security Agreement (Physicians Formula Holdings, Inc.)

Understandings With Respect to Waivers and Consents. Each The Grantor warrants and agrees that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full knowledge of 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 such the Grantor otherwise may have against Collateral Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under contrary to any applicable lawLaw or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (MGM Mirage)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full knowledge of 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 such Grantor otherwise may have against Administrative Agent or others, or against any Collateral. If any of the waivers or consents herein are determined to be unenforceable under contrary to any applicable lawlaw or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Credit Agreement (Masimo Corp)

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