Common use of Waived Clause in Contracts

Waived. Except as expressly provided in this Article 9, Borrower hereby expressly waives, to the full extent permitted by applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 hereto at least ten (10) days before such disposition.

Appears in 2 contracts

Samples: Loan and Security Agreement (Focal Communications Corp), Loan and Security Agreement (Startec Global Communications Corp)

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Waived. Except as expressly provided in this Article 9, Borrower the Borrowers hereby expressly waiveswaive, to the full fullest extent permitted by applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 hereto at least ten (10) days before such disposition.

Appears in 2 contracts

Samples: Equipment Loan and Security Agreement (Econophone Inc), Equipment Loan and Security Agreement (Viatel Inc)

Waived. Except as expressly provided in this Article 9, Borrower hereby expressly waives, to the full fullest extent permitted by applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 10.6 hereto at least ten (10) days before such disposition.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (GST Telecommunications Inc)

Waived. Except as expressly provided in this Article -------------------- ------- 9, each Borrower hereby expressly waives, to the full extent permitted by - applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 hereto at least ten (10) days ------------- before such disposition.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadview Networks Holdings Inc)

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Waived. Except as expressly provided in this ---------------------- Article 9, Borrower hereby expressly waives, to the full extent permitted by ---------- applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 hereto at least ten (10) 10 days before such ------------- disposition.

Appears in 1 contract

Samples: Loan and Security Agreement (Telscape International Inc)

Waived. Except as expressly provided in this Article 9, Borrower and Guarantor hereby expressly waiveswaive, to the full fullest extent permitted by applicable law, presentment, demand, protest, any and all notices of any kind, advertisements, hearing or process of law in connection with the exercise by Lender of any of its rights and remedies upon the occurrence of an Event of Default. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed reasonably and properly given if given in accordance with Section 10.06 hereto at least ten (10) days before such disposition.

Appears in 1 contract

Samples: Loan and Security Agreement (Ixc Communications Inc)