Common use of WAIVER OF CO-OBLIGOR'S RIGHTS Clause in Contracts

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration.

Appears in 21 contracts

Samples: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Eaco Corp)

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WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtednessindebtedness, Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration.

Appears in 2 contracts

Samples: Commercial Security Agreement (Primal Solutions Inc), Commercial Security Agreement (Eacceleration Corp)

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including Including but not limited to all rights of indemnity, contribution or exoneration.

Appears in 1 contract

Samples: Commercial Security Agreement (Amphastar Pharmaceuticals, Inc.)

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WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, . Grantor irrevocably waives, disclaims and relinquishes all claims against such other person which Grantor has or would otherwise have by virtue of payment of the Indebtedness or any part thereof, specifically including but not limited to all rights of indemnity, contribution or exoneration.

Appears in 1 contract

Samples: Commercial Security Agreement (Paneltech International Holdings, Inc.)

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