Common use of Waiver of Certain Defenses Clause in Contracts

Waiver of Certain Defenses. All rights of the Lender and all obligations of the Personal Guarantor hereunder shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision hereunder, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any Personal Guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Personal Guarantor, or any third party, other than payment and performance in full of the Indebtedness, except as otherwise agreed to by the Lender, in writing.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Softech Inc)

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Waiver of Certain Defenses. All rights of the Lender and all obligations of the Personal Guarantor hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision hereunderof the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any Personal Guaranty guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Borrower, Personal Guarantor, Guarantor or any third party, other than payment and performance in full of the Indebtedness, except as otherwise agreed to by the Lender, in writing.

Appears in 2 contracts

Samples: Guaranty Agreement, Guaranty Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of the Lender Lenders and all obligations of the Personal Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision hereunderof the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any Personal Guaranty guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Personal GuarantorBorrower, or any third party, other than payment and performance in full of the Indebtedness, except as otherwise agreed to by the Lender, in writing.

Appears in 2 contracts

Samples: Loan, Pledge and Security Agreement, Loan, Pledge and Security Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of the Lender and all obligations of the Personal Guarantor Corporate Guarantors hereunder shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision hereunder, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any Personal Corporate Guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Personal GuarantorCorporate Guarantors, or any third party, other than payment and performance in full of the Indebtedness, except as otherwise agreed to by the Lender, in writing.

Appears in 1 contract

Samples: Security Agreement (Softech Inc)

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Waiver of Certain Defenses. All rights of the Lender and all obligations of the Personal Guarantor Borrower hereunder shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision hereunderof this Agreement, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any Personal Guaranty guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Personal Guarantorof, Borrower or any third party, other than payment and performance in full of the Indebtedness, except as otherwise agreed to by the Lender, in writing.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (G8wave Holdings, Inc.)

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