Common use of Waiver of Suretyship Defenses Clause in Contracts

Waiver of Suretyship Defenses. Each Obligor hereby waives any and all defenses and rights of discharge based upon suretyship or impairment of collateral (including, without limitation, lack of attachment or perfection with respect thereto) that it, he or she may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of its, his or her obligations hereunder, under any Loan Document or under any other agreement that it, he or she may have or may hereafter enter into with Administrative Agent or any Lender.

Waiver of Suretyship Defenses. Each Obligor hereby waives any and all defenses (other than the defense of payment or the defense of accord and satisfaction) and rights of discharge based upon suretyship or impairment of collateral (including, without limitation, lack of attachment or perfection with respect thereto) that it, he or she may now have or may hereafter acquire with respect to Administrative Agent or any Term Lender or any of its, his or her obligations hereunder, under any Loan Document or under any other agreement that it, he or she may have or may hereafter enter into with Administrative Agent or any Term Lender.

Waiver of Suretyship Defenses. Each Obligor hereby waives any and all defenses and rights of discharge based upon suretyship or impairment of collateral (including, without wihout limitation, lack of attachment or perfection with respect thereto) that it, he or she it may now have or may hereafter acquire with respect to Administrative Agent or any Lender or any of its, his or her its obligations hereunder, under any Loan Document or under any other agreement that it, he or she it may have or may hereafter enter into with Administrative Agent or any Lender.