Common use of Waiver; Subrogation Clause in Contracts

Waiver; Subrogation. (a) WFS hereby waives notice of the following events or occurrences: (i) the Lender's heretofore, now or from time to time hereafter making Advances and issuing Letters of Credit and otherwise loaning monies or giving or extending credit to or for the benefit of the Borrowers, whether pursuant to this Agreement or the Note or any other Loan Document or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (ii) the Lender or the Borrower heretofore, now or at any time hereafter, obtaining, amending, substituting for, releasing, waiving or modifying this Agreement, the Note or any other Loan Documents; (iii) presentment, demand, default, non-payment, partial payment and protest; (iv) the Lender heretofore, now or at any time hereafter granting to the Borrower (or any other party liable to the Lender on account of the Borrower's Obligations) or to any other Guarantor any indulgence or extensions of time of payment of the Borrowers' Obligations, and (v) the Lender heretofore, now or at any time hereafter accepting from either of the Borrowers, any other Guarantor or any other Person, any partial payment or payments on account of the Borrowers' Obligations or any collateral securing the payment thereof or the Agent settling, subordinating, compromising, discharging or releasing the same.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (World Fuel Services Corp)

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Waiver; Subrogation. (a) WFS CPV hereby waives notice of the following events or occurrences: (i) the Lender's Lenders’ heretofore, now or from time to time hereafter making Advances and issuing Letters of Credit and otherwise loaning monies or giving or extending credit to or for the benefit of the BorrowersBorrower, whether pursuant to this Agreement or the Note Notes or any other Loan Document or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (ii) the Lender Lenders or the Borrower heretofore, now or at any time hereafter, obtaining, amending, substituting for, releasing, waiving or modifying this Agreement, the Note Notes or any other Loan Documents; (iii) presentment, demand, default, non-payment, partial payment and protest; (iv) the any Lender heretofore, now or at any time hereafter granting to the Borrower (or any other party liable to the Lender Lenders on account of the Borrower's ’s Obligations) or to any other Guarantor any indulgence or extensions of time of payment of the Borrowers' Borrower’s Obligations, and (v) the any Lender heretofore, now or at any time hereafter accepting from either of the BorrowersBorrower, any other Guarantor or any other Person, any partial payment or payments on account of the Borrowers' Borrower’s Obligations or any collateral securing the payment thereof or the Agent settling, subordinating, compromising, discharging or releasing the same.

Appears in 1 contract

Samples: Credit Agreement (CentraCore Properties Trust)

Waiver; Subrogation. (a) WFS CSI hereby waives notice of the following events or occurrences: (i) the Lender's Lenders heretofore, now or from time to time hereafter making Advances and issuing Letters of Credit Loans and otherwise loaning monies or giving or extending credit to or for the benefit of the BorrowersBorrower, whether pursuant to this Agreement or the Note Notes or any other Loan Document or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (ii) the Lender Benefited Parties or the Borrower heretofore, now or at any time hereafter, obtaining, amending, substituting for, releasing, waiving or modifying this Agreement, the Note Notes or any other Loan Documents; (iii) presentment, demand, default, non-payment, partial payment and protest; (iv) the Lender any Benefited Party heretofore, now or at any time hereafter granting to the Borrower (or any other party liable to the Lender Benefited Parties on account of the Borrower's ’s Obligations) or to any other Guarantor any indulgence or extensions of time of payment of the Borrowers' Borrower’s Obligations, and (v) the Lender any Benefited Party heretofore, now or at any time hereafter accepting from either of the BorrowersBorrower, any other Guarantor or any other Person, any partial payment or payments on account of the Borrowers' Borrower’s Obligations or any collateral securing the payment thereof or the Agent settling, subordinating, compromising, discharging or releasing the same. CSI agrees that each Benefited Party may heretofore, now or at any time hereafter do any or all of the foregoing in such manner, upon such terms and at such times as each Benefited Party, in its sole and absolute discretion, deems advisable, without in any way or respect impairing, affecting, reducing or releasing CSI from its Guarantor’s Obligations, and CSI hereby consents to each and all of the foregoing events or occurrences.

Appears in 1 contract

Samples: Credit Agreement (Cogdell Spencer Inc.)

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Waiver; Subrogation. (a) WFS CPV hereby waives notice of the following events or occurrences: (i) the Lender's Lenders' heretofore, now or from time to time hereafter making Advances and issuing Letters of Credit and otherwise loaning monies or giving or extending credit to or for the benefit of the BorrowersBorrower, whether pursuant to this Credit Agreement or the Note Notes or any other Loan Document or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (ii) the Lender Secured Parties or the Borrower heretofore, now or at any time hereafter, obtaining, amending, substituting for, releasing, waiving or modifying this Credit Agreement, the Note Notes or any other Loan Documents; (iii) presentment, demand, default, non-payment, partial payment and protest; (iv) the Lender any Secured Party heretofore, now or at any time hereafter granting to the Borrower (or any other party liable to the Lender Secured Parties on account of the Borrower's Obligations) or to any other Guarantor any indulgence or extensions of time of payment of the Borrowers' Borrower's Obligations, and (v) the Lender any Secured Party heretofore, now or at any time hereafter accepting from either of the BorrowersBorrower, any other Guarantor or any other Person, any partial payment or payments on account of the Borrowers' Borrower's Obligations or any collateral securing the payment thereof or the Agent settling, subordinating, compromising, discharging or releasing the same.

Appears in 1 contract

Samples: Credit Agreement (Correctional Properties Trust)

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