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, Borrower irrevocably waives, disclaims and relinquishes all claims against such other person which Borrower 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 5 contracts

Samples: Note Purchase Agreement (Small World Kids Inc), Security Agreement (Balance Bar Co), Commercial Security Agreement (New West Eyeworks Inc)

AutoNDA by SimpleDocs

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waives, disclaims and relinquishes relinquished all claims against such other person which Borrower 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 2 contracts

Samples: Security Agreement (CarePayment Technologies, Inc.), Commercial Security Agreement (Microhelix Inc)

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for the Indebtedness, Borrower irrevocably waiveswaivers, disclaims and relinquishes all claims against such other person which Borrower 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 2 contracts

Samples: Security Agreement (Physio Control International Corp \De\), Security Agreement (Physio Control International Corp \De\)

WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one on. person is obligated for the Indebtedness, Borrower Indebtedness Debtor irrevocably waives, disclaims and relinquishes all claims Claims against such other person which Borrower Debtor 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 (Catalyst Semiconductor Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Commercial Security Agreement (Sealand Natural Resources Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.