Waiver and Release of All Claims and Defenses; Communications. (a) Each Loan Party, for itself and its respective successors and assigns, agents, employees, officers and directors, hereby forever waive, relinquish, discharge and release all defenses and Claims of every kind or nature, whether existing by virtue of state, federal, or local law, by agreement or otherwise, against (i) Lender, its successors, assigns, directors, officers, shareholders, agents, employees and attorneys, and (ii) all participants in any Commercial Loans or Advances, such participants’ successors, assigns, directors, officers, shareholders, agents, employees and attorneys, (iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument or other Loan Document in connection therewith, and (iv) any Collateral, in each instance, which any Loan Party, may have or may have made at any time up through and including the date of this Agreement, including without limitation, any affirmative defenses, counterclaims, setoffs, deductions or recoupments, by any Loan Party. “
Appears in 2 contracts
Samples: Tribeca Forbearance Agreement (Franklin Credit Management Corp/De/), Forbearance Agreement (Franklin Credit Management Corp/De/)
Waiver and Release of All Claims and Defenses; Communications. (a) Each Loan PartyGuarantor and each Borrower, for itself and its respective successors and assigns, agents, employees, officers and directors, hereby forever waive, relinquish, discharge and release all defenses and Claims of every kind or nature, whether existing by virtue of state, federal, or local law, by agreement or otherwise, against (i) Lender, its successors, assigns, directors, officers, shareholders, agents, employees and attorneys, and (ii) all participants in any Commercial Loans or Advances, such participants’ successors, assigns, directors, officers, shareholders, agents, employees and attorneys, (iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument or other Loan Document in connection therewith, and (iv) any Collateral, in each instance, which Guarantor or any Loan PartyBorrower, may have or may have made at any time up through and including the date of this Agreement, including without limitation, any affirmative defenses, counterclaims, setoffs, deductions or recoupments, by Guarantor or any Loan PartyBorrower. “
Appears in 2 contracts
Samples: Tribeca Forbearance Agreement (Franklin Credit Management Corp/De/), Forbearance Agreement (Franklin Credit Management Corp/De/)
Waiver and Release of All Claims and Defenses; Communications. (a) Each Loan PartyFCMC and each Borrower, for itself and its respective successors and assigns, agents, employees, officers and directors, hereby forever waive, relinquish, discharge and release all defenses and Claims of every kind or nature, whether existing by virtue of state, federal, or local law, by agreement or otherwise, against (i) Lender, its successors, assigns, directors, officers, shareholders, agents, employees and attorneys, and (ii) all participants in any Commercial Loans or Advances, such participants’ successors, assigns, directors, officers, shareholders, agents, employees and attorneys, (iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument or other Loan Document in connection therewith, and (iv) any Collateral, in each instance, which FCMC or any Loan PartyBorrower, may have or may have made at any time up through and including the date of this AgreementAmendment, including without limitation, any affirmative defenses, counterclaims, setoffs, deductions or recoupments, by FCMC or any Loan PartyBorrower. “
Appears in 1 contract
Samples: Forbearance Agreement (Franklin Credit Management Corp/De/)
Waiver and Release of All Claims and Defenses; Communications. (a) Each Loan PartyFCMC and each Borrower, for itself and its respective successors and assigns, agents, employees, officers and directors, hereby forever waive, relinquish, discharge and release all defenses and Claims of every kind or nature, whether existing by virtue of state, federal, or local law, by agreement or otherwise, against (i) Lender, its successors, assigns, directors, officers, shareholders, agents, employees and attorneys, and (ii) all participants in any Commercial Loans or Advances, and such participants’ successors, assigns, directors, officers, shareholders, agents, employees and attorneys, (iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument or other Loan Document in connection therewith, and (iv) any Collateral, in each instance, which FCMC or any Loan PartyBorrower, may have or may have made at any time up through and including the date of this AgreementAmendment, including without limitation, any affirmative defenses, counterclaims, setoffs, deductions or recoupments, by FCMC or any Loan PartyBorrower. “
Appears in 1 contract
Samples: Forbearance Agreement (Franklin Credit Management Corp/De/)