Common use of Waiver of Notice and Presentment Clause in Contracts

Waiver of Notice and Presentment. Seller hereby waives presentment, demand, notice, protest, stay of execution, and all other defenses to payment generally, assents to the terms hereof, and agrees that any renewal, extension, or postponement of the time for payment or any other indulgence or any substitution, exchange, or release of Collateral may be affected without notice to and without releasing Seller from any liability hereunder.