Common use of Waivers and Acknowledgements Clause in Contracts

Waivers and Acknowledgements. 4.1. Each Guarantor hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that any other Holder protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against the Company, any Guarantor or any other person or any collateral securing the Obligations under the Loan Documents.

Appears in 3 contracts

Samples: Guaranty (Mediabay Inc), Guaranty (Mediabay Inc), Mediabay Inc

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Waivers and Acknowledgements. 4.1. (a) Each Guarantor hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement requirements that the Administrative Agent or any other Holder Guaranteed Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against the Company, any Guarantor Borrower or any other person Person or any collateral securing the Obligations under the Loan Documentscollateral.

Appears in 1 contract

Samples: Credit Agreement (Panolam Industries Inc)

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Waivers and Acknowledgements. 4.1. (a) Each Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that the Administrative Agent, the Collateral Agent, or any other Holder Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against the Company, any Guarantor Obligor or any other person Person or any collateral securing the Obligations under the Loan DocumentsCollateral.

Appears in 1 contract

Samples: Term Loan Agreement (Pioneer Companies Inc)

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