Common use of Waivers by Borrowers Clause in Contracts

Waivers by Borrowers. Except as otherwise provided for in this Agreement or by applicable law, each Borrower waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent on which any Borrower may in any way be liable, and hereby ratifies and confirms whatever Agent may do in this regard, (b) all rights to notice and a hearing prior to Agent's taking possession or control of, or to Agent's replevy, attachment or levy upon, the Collateral or any bond or security which might be required by any court prior to allowing Agent to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 2 contracts

Samples: Credit Agreement (Green Mountain Coffee Inc), Credit Agreement (Wpi Group Inc)

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Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, each Borrower waivesBorrowers waive: (ai) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent Lender on which any Borrower Borrowers may in any way be liable, and hereby ratifies and confirms whatever Agent Lender may do in this regard, (bii) all rights to notice and a hearing prior to Agent's Lender’s taking possession or control of, or to Agent's replevyLender’s replevin, attachment or levy upon, the Collateral or any bond or security which might be required by any court prior to allowing Agent to exercise any of its remediesCollateral, and (ciii) the benefit of all valuation, appraisal, marshaling appraisal and exemption laws.

Appears in 2 contracts

Samples: Compensation Agreement (Hightimes Holding Corp.), Compensation Agreement (Origo Acquisition Corp)

Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, each Borrower waives: (ai) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent Lender on which any Borrower may in any way be liable, and hereby ratifies and confirms whatever Agent Lender may do in this regard, (bii) all rights to notice and a hearing prior to Agent's Lender’s taking possession or control of, or to Agent's replevyLender’s replevin, attachment or levy upon, the Collateral or any bond or security which might be required by any court prior to allowing Agent to exercise any of its remediesCollateral, and (ciii) the benefit of all valuation, appraisal, marshaling appraisal and exemption laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

Waivers by Borrowers. Except as otherwise provided for in this Agreement or by applicable law, each Borrower waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent on which any Borrower may in any way be liable, and hereby ratifies and confirms whatever Agent may reasonably do in this regard, (b) all rights to notice and a hearing prior to Agent's ’s taking possession or control of, or to Agent's ’s replevy, attachment or levy upon, the Collateral or any bond or security which that might be required by any court prior to allowing Agent to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Devcon International Corp)

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Waivers by Borrowers. Except as otherwise provided for in this Agreement or by applicable law, each Borrower waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Agent Bank on which any Borrower may in any way be liable, and hereby ratifies and confirms whatever Agent Bank may do in this regard, (b) all rights to notice and a hearing prior to AgentBank's taking possession or control of, or to AgentBank's replevy, attachment or levy upon, the any Collateral or any bond or security which might be required by any court prior to allowing Agent Bank to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling marshalling and exemption laws.

Appears in 1 contract

Samples: Possession Loan Agreement (Fruehauf Trailer Corp)

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