Waiver of Borrower. Borrower, and any Guarantor hereof, hereby waives demand, presentment, protest and notice of dishonor, notice of protest and notice of default except as otherwise specified in this Agreement. Borrower, including but not limited to all co-makers and accommodation makers of the Note, hereby waives all suretyship defenses including but not limited to all defenses based upon impairment of collateral and all suretyship defenses described in Section 3-605 of the Uniform Commercial Code (the “UCC”). Such waiver is entered to the full extent permitted by Section 3-605 (i) of the UCC.
Appears in 3 contracts
Samples: Development Line of Credit Agreement (Diversified Restaurant Holdings, Inc.), Development Line of Credit Agreement (Diversified Restaurant Holdings, Inc.), Credit Agreement (Diversified Restaurant Holdings, Inc.)
Waiver of Borrower. Borrower, and any Guarantor hereof, hereby waives demandDemand, presentment, protest and notice of dishonor, notice of protest and notice of default except as otherwise specified in this Agreementare hereby waived by Borrower, and any endorser or guarantor hereof. Each of Borrower, including but not limited to all co-makers and accommodation makers of the this Note, hereby waives all suretyship defenses including but not limited to all defenses based upon impairment of collateral Collateral and all suretyship defenses described in Section 3-605 of the Uniform Commercial Code (the “UCC”). Such waiver is entered to the full extent permitted by Section 3-605 (i605(i) of the UCC.
Appears in 1 contract
Samples: Revolving Note and Open End Mortgage and Security Agreement
