Common use of Waiver of Suretyship Defenses Clause in Contracts

Waiver of Suretyship Defenses. Grantor hereby waives any and all defenses and rights of discharge based on suretyship or impairment of collateral (including any lack of attachment or perfection with respect thereto) that it may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of Grantor's obligations hereunder or under any other agreement that it may have or hereafter enter into with Administrative Agent or any Lender.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Integrity Media Inc), Security and Pledge Agreement (Integrity Inc), Security and Pledge Agreement (Integrity Media Inc)

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Waiver of Suretyship Defenses. Each Grantor hereby waives any and all defenses and rights of discharge based on suretyship or impairment of collateral (including any lack of attachment or perfection with respect thereto) that it may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of such Grantor's obligations hereunder or under any other agreement that it may have or hereafter enter into with Administrative Agent or any Lender.

Appears in 2 contracts

Samples: Master Security Agreement (Bizness Online Com), Master Security Agreement (NBG Radio Network Inc)

Waiver of Suretyship Defenses. Each Grantor hereby waives any and all defenses and rights of discharge based on suretyship or impairment of collateral (including any lack of attachment or perfection with respect thereto) that it may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of such Grantor's ’s obligations hereunder or under any other agreement that it may have or hereafter enter into with Administrative Agent or any Lender.

Appears in 2 contracts

Samples: Security Agreement (Altitude International Holdings, Inc.), Security Agreement (Blackboxstocks Inc.)

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Waiver of Suretyship Defenses. Each Grantor hereby waives any and all defenses and rights of discharge based on suretyship or impairment of collateral (including any lack of attachment or perfection with respect thereto) that it may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of such Grantor's ’s obligations hereunder or under any other agreement that it may have or hereafter enter into with Administrative Agent or any Lender.

Appears in 1 contract

Samples: Master Security Agreement (Hearx LTD)

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