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

Understandings With Respect to Waivers and Consents. Each Obligor 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 Obligor otherwise may have against Borrower, Administrative Agent, any Lender or others, or against any Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Obligor acknowledges that it has either consulted with legal counsel regarding the effect of this Agreement and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Agreement or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Agreement and such waivers and consents shall be effective to the maximum extent permitted by Law.

Understandings With Respect to Waivers and Consents. Each Obligor warrants Borrowers, and agrees each of them, warrant and agree 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 Obligor they otherwise may have against Borrowereach other, the Administrative Agent, any Lender the Lenders or others, or against any Collateralcollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Obligor Borrower acknowledges that it has either consulted with legal counsel regarding the effect of this Agreement the Loan Documents and the waivers and consents set forth hereintherein, or has made an informed decision not to do so. If this Agreement the Loan Documents or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Agreement and such waivers and consents shall be effective to the maximum extent permitted by Law.

Understandings With Respect to Waivers and Consents. Each Obligor --------------------------------------------------- Guarantor 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 Obligor Guarantor otherwise may have against Borrower, Administrative Agent, any Lender Bank or others, or against any Collateralcollateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Obligor Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Agreement Guaranty and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Agreement Guaranty or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Agreement Guaranty and such waivers and consents shall be effective to the maximum extent permitted by Law.

Understandings With Respect to Waivers and Consents. Each Obligor 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 Obligor otherwise may have against Borrower, Administrative Agent, any Lender or Creditor or others, or against any Collateral, and that, under the circumstances, the waivers and consents herein given are reasonable and not contrary to public policy or Law. Each Obligor acknowledges that it has either consulted with legal counsel regarding the effect of this Agreement and the waivers and consents set forth herein, or has made an informed decision not to do so. If this Agreement or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Agreement and such waivers and consents shall be effective to the maximum extent permitted by Law.