Common use of Waiver of Demand Clause in Contracts

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 45 contracts

Samples: Guaranty and Pledge Agreement (Furia Organization Inc /De/), Guaranty and Pledge Agreement (Innofone Com Inc), Guaranty and Pledge Agreement (Modern Technology Corp)

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Waiver of Demand. The Pledgor Subsidiary Guarantors hereby unconditionally: (i) waives any requirement that the PledgeesSecured Parties, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralObligations; (iii) agrees that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 11 contracts

Samples: Subsidiary Guaranty (Sunovia Energy Technologies Inc), Subsidiary Guaranty (Camelot Entertainment Group, Inc.), Subsidiary Guaranty (Camelot Entertainment Group, Inc.)

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives ---------------- any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 4 contracts

Samples: Guaranty and Pledge Agreement (E Resources Inc), Guaranty and Pledge Agreement (Mt Ultimate Healthcare Corp), Guaranty and Pledge Agreement (Roanoke Technology Corp)

Waiver of Demand. The Pledgor Subsidiary Guarantor hereby unconditionally: (i) waives any requirement that the PledgeesSecured Parties, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralObligations; (iii) agrees that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 3 contracts

Samples: Subsidiary Guaranty (Commercetel Corp), Subsidiary Guaranty (Univec Inc), Subsidiary Guaranty (Med Gen Inc)

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives any requirement that the PledgeesPledgee, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Lithium Exploration Group, Inc.), Guaranty and Pledge Agreement (Lithium Exploration Group, Inc.), Guaranty and Pledge Agreement (Lithium Exploration Group, Inc.)

Waiver of Demand. The Pledgor and the Company hereby unconditionally: (i) waives waive any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants covenant that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees agree that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives waive diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 3 contracts

Samples: Guaranty and Pledge Agreement (Innofone Com Inc), Guaranty and Pledge Agreement (Innofone Com Inc), Guaranty and Pledge Agreement (Innofone Com Inc)

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties made in or incorporated by reference into the Transaction DocumentsLetter Agreement, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents Letter Agreement or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction DocumentsLetter Agreement or the Notes.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement, Guaranty and Pledge Agreement (Greens Worldwide Inc)

Waiver of Demand. The Pledgor Pledgors hereby unconditionally: (i) waives waive any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement (Insynq Inc), Guaranty and Pledge Agreement (Insynq Inc)

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives ---------------- any requirement that the PledgeesPledgee, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Roanoke Technology Corp)

Waiver of Demand. The Pledgor Subsidiary Guarantors hereby unconditionally: (i) waives any requirement that the PledgeesSecured Party, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction DocumentsLoan Documents , first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralObligations; (iii) agrees that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Loan Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction DocumentsLoan Documents .

Appears in 1 contract

Samples: Subsidiary Guaranty (Map Vi Acquisition, Inc.)

Waiver of Demand. The Pledgor hereby unconditionally: (i) waives any requirement that the Pledgees, in upon the event occurrence of a breach in any material respect an Event of Default by the Company of any of its representations or warranties Company, as such term is defined in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Advanced BioPhotonics Inc.)

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Waiver of Demand. The Pledgor Each Debtor whether individually or severally hereby unconditionally: (ia) waives any requirement that the PledgeesPledgee, in the event of a breach in any material respect by the Company Debtors of any of its representations or warranties in the Transaction Loan Documents, first make demand upon, or seek to enforce remedies against, the Company Pledgor or any other person before demanding payment of enforcement hereunder; (iib) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateralspecifically provided for or contemplated herein; (iiic) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Loan Documents or any limitation on the liability of the Company Pledgor thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (ivd) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company Pledgor under or in connection with the Transaction Loan Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (XZERES Corp.)

Waiver of Demand. The Pledgor Pledgors hereby unconditionally: (i) waives waive any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants covenant that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees agree that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives waive diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Systems Evolution Inc)

Waiver of Demand. The Pledgor Subsidiary Guarantor hereby unconditionally: (i) waives waive any requirement that the PledgeesSecured Parties, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants covenant that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralObligations; (iii) agrees agree that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives waive diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guaranty (Pediatric Prosthetics Inc)

Waiver of Demand. The Pledgor hereby unconditionally: ---------------- (i) waives any requirement that the Pledgees, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement will not be discharged except by complete performance of all the Obligations to the extent of the Collateral; (iii) agrees that this Agreement shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Med Gen Inc)

Waiver of Demand. The Pledgor Subsidiary Guarantors hereby unconditionally: (i) waives any requirement that the PledgeesSecured Parties, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction Documents, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralObligations; (iii) agrees that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; , and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guaranty (Camelot Entertainment Group, Inc.)

Waiver of Demand. The Pledgor Subsidiary Guarantors hereby unconditionally: (i) waives any requirement that the PledgeesSecured Parties, in the event of a breach in any material respect by the Company of any of its representations or warranties in the Transaction DocumentsNote, first make demand upon, or seek to enforce remedies against, the Company or any other person before demanding payment of enforcement hereunder; (ii) covenants that this Agreement Subsidiary Guaranty will not be discharged except by complete performance of all the Obligations to the extent of the CollateralNote; (iii) agrees that this Agreement Subsidiary Guaranty shall remain in full force and effect without regard to, and shall not be affected or impaired, without limitation, by, any invalidity, irregularity or unenforceability in whole or in part of the Transaction Documents Note or any limitation on the liability of the Company thereunder, or any limitation on the method or terms of payment thereunder which may now or hereafter be caused or imposed in any manner whatsoever; and (iv) waives diligence, presentment and protest with respect to, and notice of default in the performance or payment of any Obligation by the Company under or in connection with the Transaction DocumentsNote.

Appears in 1 contract

Samples: Subsidiary Guaranty (Ameriresource Technologies Inc)

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