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

Understandings With Respect to Waivers and Consents. Grantor warrants and agrees that each of the waivers and consents set forth herein is made after consultation with 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 Grantor otherwise may have against Company, Secured Party or others and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 4 contracts

Samples: Security Agreement (Aditxt, Inc.), Security Agreement (Aditxt, Inc.), Security Agreement (Aditxt, Inc.)

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Understandings With Respect to Waivers and Consents. Grantor Debtor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Debtor otherwise may have against Company, Secured Party or others others, or with respect to the Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 3 contracts

Samples: Security Agreement (MTR Gaming Group Inc), Security Agreement (Hammond Residential LLC), Security Agreement (Hammond Residential LLC)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 such Grantor otherwise may have against Company, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 3 contracts

Samples: Security Agreement (NGA Holdco, LLC), Security Agreement (Jakks Pacific Inc), Security Agreement (Jakks Pacific Inc)

Understandings With Respect to Waivers and Consents. Grantor warrants Grantors and agrees each of them warrant and agree that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Grantors otherwise may have against CompanyBorrower, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 2 contracts

Samples: Security Agreement (Wd 40 Co), Trademark Collateral Assignment (Central Financial Acceptance Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is made after consultation with 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 such Grantor otherwise may have against Companythe Borrowers, Secured Party or others others, or against collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 2 contracts

Samples: Security Agreement (Jakks Pacific Inc), Security Agreement (Jakks Pacific Inc)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Grantors otherwise may have against Companythe Secured Parties or others, Secured Party or others against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 2 contracts

Samples: Security Agreement (Inhibitex, Inc.), Security Agreement (Fermavir Pharmaceuticals, Inc.)

Understandings With Respect to Waivers and Consents. Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor otherwise may have against Company, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (NGA Holdco, LLC)

Understandings With Respect to Waivers and Consents. Grantor warrants Grantors and agrees each of them warrant and agree that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Grantors otherwise may have against Companythe Borrower, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (Safeskin Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is made after consultation with 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 such Grantor otherwise may have against CompanyBorrower, Secured Party or others others, or against collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.Law. Exhibit 10.60

Appears in 1 contract

Samples: Security Agreement (Herbst Gaming Inc)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Grantors otherwise may have against CompanyBorrower, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (Central Financial Acceptance Corp)

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Understandings With Respect to Waivers and Consents. Grantor The Pledgor warrants and agrees that each of the waivers and consents set forth herein is made after consultation with 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 Grantor the Pledgor otherwise may have against the Company, Secured Party or others others, or against collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.. 250 Rodeo Pledge Agreement

Appears in 1 contract

Samples: 250 Rodeo Pledge Agreement (Tracinda Corp)

Understandings With Respect to Waivers and Consents. Each Grantor warrants and agrees that each of the waivers and consents set forth herein is made after consultation with 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 such Grantor otherwise may have against Companyany other Grantor, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (Southwest Water Co)

Understandings With Respect to Waivers and Consents. Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor otherwise may have against Companyany other Person, Secured Party or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or lawLaw. If any of the waivers or consents herein are determined to be contrary to any applicable law Law or public policy, such waivers and consents shall be effective to the maximum extent permitted by lawLaw.

Appears in 1 contract

Samples: Security Agreement (Jammin Java Corp.)

Understandings With Respect to Waivers and Consents. Grantor warrants Grantors and agrees each of them warrant and agree that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor Grantors otherwise may have against Companythe Borrower, Secured Party the Bank or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Security Agreement (Quidel Corp /De/)

Understandings With Respect to Waivers and Consents. Grantor warrants and agrees that each of the waivers and consents set forth herein is are made after consultation with 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 Grantor otherwise may have against Companythe Borrower, Secured Party the Bank or others others, or against Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or law. If any of the waivers or consents herein are determined to be contrary to any applicable law or public policy, such waivers and consents shall be effective to the maximum extent permitted by law.

Appears in 1 contract

Samples: Cash Collateral Agreement (Quidel Corp /De/)

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