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

Waiver of Presentment and Other Conditions. The Borrower waives presentment for payment and any other defence to payment of any amounts due to the Lender in respect of a Bankers' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers' Acceptance being held, at the maturity thereof, by the Lender in its own right and the Borrower agrees not to claim any days of grace if the Lender as holder sues the Borrower on the Bankers' Acceptance for payment thereunder.

Appears in 3 contracts

Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

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Waiver of Presentment and Other Conditions. The Borrower waives presentment for payment and any other defence defense to payment of any amounts due to the a Lender in respect of a Bankers' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the such Bankers' Acceptance being held, at the maturity thereof, by the such Lender in its own right right, and the Borrower agrees not to claim any days of grace if the such Lender as holder sues the Borrower on the Bankers' Acceptance ’ Acceptances for payment of the amount payable by the Borrower thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Manulife Financial Corp), Credit Agreement (Manulife Financial Corp)

Waiver of Presentment and Other Conditions. The Borrower waives presentment for payment and any other defence to payment of any amounts due to the Lender in respect of a Bankers' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers' Acceptance being held, at the maturity thereof, by the Lender in its own right and the each Borrower agrees not to claim any days of grace if the Lender as holder sues the Borrower on the Bankers' Acceptance for payment thereunder.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

Waiver of Presentment and Other Conditions. The Each Borrower waives presentment for payment and any other defence to payment of any amounts due to the a Credit Facility Lender in respect of a Bankers' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the Bankers' Acceptance being held, at the maturity thereof, by the Credit Facility Lender in its own right and the each Borrower agrees not to claim any days of grace if the Credit Facility Lender as holder sues the such Borrower on the Bankers' Acceptance for payment of the amount payable by that Borrower thereunder.

Appears in 1 contract

Samples: Credit Agreement (Quebecor Media Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

Waiver of Presentment and Other Conditions. The Each Borrower waives presentment for payment and any other defence to payment of any amounts due to the Lender a Bank in respect of a Bankers' Acceptance accepted and purchased by it pursuant to this Agreement which might exist solely by reason of the such Bankers' Acceptance being held, at the maturity thereof, by the Lender such Bank in its own right right, and the each Borrower agrees not to claim any days of grace if the Lender such Bank as holder sues the such Borrower on the Bankers' Acceptance Acceptances for payment of the amount payable by each Borrower thereunder.

Appears in 1 contract

Samples: Credit Agreement (Imc Global Inc)

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