Common use of Waiver of Demands Clause in Contracts

Waiver of Demands. Notices, Diligence, etc. The Guarantor hereby assents to all of the terms and conditions of the Guaranteed Obligations and waives: (a) demand for the payment of the principal of any Guaranteed Obligation or of any claim for interest or any part of any thereof (other than the demand provided for in Section 2 hereof); (b) notice of the occurrence of a default or an event of default under any Guaranteed Obligation; (c) protest of the nonpayment of the principal of any Guaranteed Obligation or of any claim for interest or any part thereof: (d) notice of presentment, demand and protest; (e) notice of acceptance of any guaranty herein provided for or of the terms and provisions thereof or hereof by the Secured Party; (f) notice of any indulgences or extensions granted to the Company or any successor to the Company or any person or party which shall have assumed the obligations of the Company; (g) any requirement of diligence or promptness on the part of the Secured Party in the enforcement of any of its rights under the provisions of any Guaranteed Obligation or this Guaranty Agreement; (h) any enforcement of any Guaranteed Obligation; (i) any right which the Guarantor might have to require the Secured Party to proceed against any other guarantor of the Guaranteed Obligations or to realize on any collateral security therefor; and (j) any and all notices of every kind and description which may be required to be given by an statute or rule of law in any jurisdiction. The waivers set forth in this Section 3 shall be effective notwithstanding the fact that the Company ceases to exist by reason of its liquidation, merger, consolidation or otherwise.

Waiver of Demands. Notices, Diligence, etc. The Guarantor hereby assents consents, to the extent permitted by applicable law, to all of the terms and conditions of the Guaranteed Obligations and waives: waives (a) demand for the payment of the principal of any Guaranteed Obligation Obligations or of any claim for interest or any part of any thereof (other than the demand provided for in Section 2 hereof)therefore; (b) notice of the occurrence of a default or of an event of default under of any of the Guaranteed ObligationObligations; (c) protest of the nonpayment of any of the principal of any Guaranteed Obligation or of any claim for interest or any part thereof: Obligations; (d) notice of presentment, demand and protest; (e) notice of acceptance of any guaranty herein provided for or of the terms and provisions thereof or hereof by the Secured PartyVersant; (f) notice of any indulgences or extensions granted to the Company or to any successor to the Company or any other person or party entity which shall have succeeded to or assumed the obligations of the Company; (g) any requirement of diligence or promptness on the Versant's part of the Secured Party in the enforcement of any of its rights under the provisions of any Guaranteed Obligation or this Guaranty Agreementhereunder; (h) any enforcement of any of the Guaranteed ObligationObligations; (i) any right which the Guarantor might have to require the Secured Party Versant to proceed against any other guarantor of the Guaranteed Obligations or to realize on any collateral security therefortherefore; and (jG) any and all notices of every kind and description which may be required to be given by an any statute or rule of law in any jurisdiction. The waivers hereinabove set forth in this Section 3 shall be effective notwithstanding the fact that in all events and shall survive any liquidation, merger or consolidation of the Company or if the Company otherwise ceases to exist by reason of its liquidation, merger, consolidation or otherwiseexist.

Waiver of Demands. Notices, Diligence, etc. The Guarantor Sepracor hereby assents to all of the terms and conditions of the Guaranteed Obligations Term Loan and waives: (a) demand for the payment of the principal of any Guaranteed Obligation the Term Loan or of any claim for interest or any part of any thereof (other than the demand Put Right provided for in Section 2 1 hereof); (b) notice of the occurrence of a default or an event of default under any Guaranteed Obligationthe Term Loan; (c) protest of the nonpayment of the principal of any Guaranteed Obligation the Term Loan or of any claim for interest or any part thereof: ; (d) notice of presentment, demand and protest; (e) notice of acceptance of any guaranty herein provided for or of the terms and provisions thereof or hereof by the Secured PartyBank; (f) notice of any indulgences or extensions granted to the Company or any successor to the Company or any person or party which shall have assumed the obligations of the Company; (g) any requirement of diligence or promptness on the part of the Secured Party Bank in the enforcement of any of its rights under the provisions of any Guaranteed Obligation the Term Loan or this Guaranty Agreement; (h) any enforcement of any Guaranteed Obligationthe Term Loan; (i) any right which the Guarantor Sepracor might have to require the Secured Party Bank to proceed against any other guarantor of the Guaranteed Obligations Term Loan or to realize on any collateral security therefor; and (j) any and all notices of every kind and description which may be required to be given by an any statute or rule of law in any jurisdiction. The waivers set forth in this Section 3 shall be effective notwithstanding the fact that the Company ceases to exist by reason of its liquidation, merger, consolidation or otherwise.. Notwithstanding anything to the contrary contained herein, the Bank shall not without the prior written consent of Sepracor, release any

Waiver of Demands. Notices, Diligence, etc. The Guarantor Guarantors hereby assents consent, to the extent permitted by applicable law, to all of the terms and conditions of the Guaranteed Obligations and waives: waive (a) demand for the payment of the principal of any Guaranteed Obligation Obligations or of any claim for interest or any part of any thereof (other than the demand provided for in Section 2 hereof); therefor, (b) notice of the occurrence of a default or of an event of default under of any of the Guaranteed ObligationObligations; (c) protest of the nonpayment of any of the principal of any Guaranteed Obligation or of any claim for interest or any part thereof: Obligations; (d) notice of presentment, demand and protest; (e) notice of acceptance of any guaranty herein provided for or of the terms and provisions thereof or hereof by the Secured PartyShareholders; (f) notice of any indulgences or extensions granted to the Company SREI or to any successor to the Company or any other person or party entity which shall have succeeded to or assumed the obligations of the CompanySREI; (g) any requirement of diligence or promptness on the Shareholders' part of the Secured Party in the enforcement of any of its their rights under the provisions of any Guaranteed Obligation or this Guaranty Agreementhereunder; (h) any enforcement of any of the Guaranteed ObligationObligations; (i) any right which the Guarantor Guarantors might have to require the Secured Party Shareholders to proceed against any other guarantor of the Guaranteed Obligations or to realize on any collateral security therefor; and (j) any and all notices of every kind and description which may be required to be given by an any statute or rule of law in any jurisdictionliquidation. The waivers hereinabove set forth in this Section 3 shall be effective notwithstanding the fact that the Company in all events and shall survive any liquidation, merger or consolidation of SREI or if SREI otherwise ceases to exist by reason of its liquidation, merger, consolidation or otherwiseexist.