Common use of Waiver of Defenses and Claims Clause in Contracts

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender as contemplated by this Amendment No. 1, Borrower hereby waives, releases and forever discharges the Lender from and against any and all rights, claims or causes of action against the Lender arising under the Lender's actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (Janel Corp), Credit Agreement (Regan Holding Corp)

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Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender Bank as contemplated by this Amendment No. 16, Borrower hereby waives, releases and forever discharges the Lender Bank from and against any and all rights, claims or causes of action against the Lender Bank arising under the LenderBank's actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Cohesant Technologies Inc)

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender Bank as contemplated by this Amendment No. 18, Borrower hereby waives, releases and forever discharges the Lender Bank from and against any and all rights, claims or causes of action against the Lender Bank arising under the Lender's Bank’s actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Cohesant Technologies Inc)

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender Bank as contemplated by this Amendment No. 19, Borrower hereby waives, releases and forever discharges the Lender Bank from and against any and all rights, claims or causes of action against the Lender Bank arising under the Lender's Bank’s actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Cohesant Technologies Inc)

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender Bank as contemplated by this Amendment No. 17, Borrower hereby waives, releases and forever discharges the Lender Bank from and against any and all rights, claims or causes of action against the Lender Bank arising under the LenderBank's actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Cohesant Technologies Inc)

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Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender as contemplated by this Amendment No. 1, Borrower hereby waives, releases and forever discharges the Lender from and against any and all rights, claims or causes of action against the Lender arising under the Lender's actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof·.

Appears in 1 contract

Samples: Revolving Note and Credit Agreement Modification Agreement (International Baler Corp)

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender as contemplated by this Amendment No. 12, Borrower hereby waives, releases and forever discharges the Lender from and against any and all rights, claims or causes of action against the Lender arising under the Lender's ’s actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Janel Corp)

Waiver of Defenses and Claims. In consideration of the financial accommodations provided to the Borrower by the Lender as contemplated by this Amendment No. 13, Borrower hereby waives, releases and forever discharges the Lender from and against any and all rights, claims or causes of action against the Lender arising under the Lender's actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Janel Corp)

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