Common use of Waiver of Presentment and Other Conditions Clause in Contracts

Waiver of Presentment and Other Conditions. The Canadian Borrowers waive presentment for payment and any other defense to payment of any amounts due to a Canadian Bank in respect of a Bankers’ Acceptance accepted and purchased by such Canadian Bank pursuant to this Agreement which might exist solely by reason of such Bankers’ Acceptance being held, at the maturity thereof, by such Bank in its own right. The Canadian Borrowers agree not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank to claim any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers’ Acceptance.

Appears in 4 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

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Waiver of Presentment and Other Conditions. The Each of the Canadian Borrowers waive waives presentment for payment and any other defense to payment of any amounts due to a Canadian Bank in respect of a Bankers' Acceptance accepted and purchased by such Canadian Bank pursuant to this Agreement which might exist solely by reason of such Bankers' Acceptance being held, at the maturity thereof, by such Bank in its own right. The Canadian Borrowers agree shall not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank to claim any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers' Acceptance.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Usa Waste Services Inc), Revolving Credit and Term Loan Agreement (Kti Inc)

Waiver of Presentment and Other Conditions. The Canadian Borrowers waive Borrower waives presentment for payment and any other defense to payment of any amounts due to a Canadian Bank in respect of a Bankers' Acceptance accepted and purchased by such Canadian Bank pursuant to this Agreement which might exist solely by reason of such Bankers' Acceptance being held, at the maturity thereof, by such Bank in its own right. The Canadian Borrowers agree Borrower shall not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank to claim any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers' Acceptance.

Appears in 2 contracts

Samples: Credit Agreement (Allied Holdings Inc), Revolving Credit Agreement (Allied Holdings Inc)

Waiver of Presentment and Other Conditions. The Canadian Borrowers waive presentment for payment and any other defense to payment of any amounts due to a Canadian Bank Lender in respect of a Bankers’ Acceptance accepted and purchased by such Canadian Bank Lender pursuant to this Agreement which might exist solely by reason of such Bankers’ Acceptance being held, at the maturity thereof, by such Bank Canadian Lender in its own right. The Canadian Borrowers agree not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank Lender to claim any days of grace if any Canadian Bank Lender as holder sues or otherwise commences legal proceedings for the payment of any Bankers’ Acceptance.

Appears in 2 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Waiver of Presentment and Other Conditions. The Canadian Borrowers waive Borrower waives presentment for payment and any other defense to payment of any amounts due to a Canadian Bank Lender in respect of a Bankers’ Canadian Bankers Acceptance accepted and purchased by such Canadian Bank Lender pursuant to this Agreement which might exist solely by reason of such Bankers’ Canadian Bankers Acceptance being held, at the maturity thereof, by such Bank Canadian Lender in its own right. The Canadian Borrowers agree Borrower shall not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank Lender to claim or allow any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers’ Canadian Bankers Acceptance.

Appears in 2 contracts

Samples: Agreement (DRS Technologies Inc), Credit Loan and Term Loan Agreement (DRS Technologies Inc)

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Waiver of Presentment and Other Conditions. The Canadian Borrowers waive Borrower hereby waives presentment for payment and any other defense to payment of any amounts due to a Canadian Bank Lender in respect of a Bankers’ Canadian Bankers Acceptance accepted and purchased by such Canadian Bank Lender pursuant to this Agreement which might exist solely by reason of such Bankers’ Canadian Bankers Acceptance being held, at the maturity thereof, by such Bank Canadian Lender in its own right. The Canadian Borrowers agree Borrower shall not to claim or require any days of grace or require the Canadian Collateral Agent or any Canadian Bank Lender to claim or allow any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers’ Canadian Bankers Acceptance.

Appears in 1 contract

Samples: Cantel Medical Corp

Waiver of Presentment and Other Conditions. The Canadian Borrowers waive presentment for payment and any other defense to payment of any amounts due to a Canadian Bank in respect of a Bankers' Acceptance accepted and purchased by such Canadian Bank pursuant to this Agreement which might exist solely by reason of such Bankers' Acceptance being held, at the maturity thereof, by such Bank in its own right. The Canadian Borrowers agree shall not to claim or require any days of grace or require the Canadian Agent or any Canadian Bank to claim any days of grace if any Canadian Bank as holder sues or otherwise commences legal proceedings for the payment of any Bankers' Acceptance.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ryder System Inc)

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