Common use of Waiver of Demands and Notices Clause in Contracts

Waiver of Demands and Notices. Each of the El Paso Settling Parties hereby waives the rights of demand, protest, notice of acceptance, notice of default or dishonor, presentment, notice of collateral received or delivered or other action taken by the Designated Representative, and all other demands and notices of any description, unless specifically required by the terms of this Agreement. No El Paso Settling Party shall be released or exonerated from its obligations hereunder if it is not notified of these events.

Appears in 4 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement, Master Settlement Agreement (El Paso Natural Gas Co)

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