Common use of Waivers by Credit Parties Clause in Contracts

Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party 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 Agents on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s taking possession or control of, or to Collateral Agent’s replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing Collateral 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 (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)

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Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party 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 Agents Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to Collateral Administrative Agent’s 's taking possession or control of, or to Collateral Administrative Agent’s 's replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing Collateral Administrative Agent to exercise any of its remedies, remedies and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 2 contracts

Samples: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party waives: (a) presentment, demand and protest and notice of presentment, dishonordishonour, 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 guarantees at any time held by Agents Lender on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Lender may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s Lender's taking possession or control of, or to Collateral Agent’s replevyLender's reply, attachment or levy upon, the Collateral or any bond or security that which might be required by any court prior to allowing Collateral Agent Lender to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling marshalling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party 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 Agents Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to Collateral Administrative Agent’s 's taking possession or control of, or to Collateral Administrative Agent’s 's replevy, attachment or levy upon, the Collateral or any bond or security that which might be required by any court prior to allowing Collateral Administrative 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 (Playcore Inc)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party 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 Agents Lender on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Lender may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s Lender's taking possession or control of, or to Collateral Agent’s Lender's replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing Collateral Agent Lender 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 (Navarre Corp /Mn/)

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Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party 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 Agents Lender on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Lender may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s Lender's taking possession or control of, or to Collateral Agent’s Lender's replevy, attachment or levy upon, the Collateral or any bond or security that which might be required by any court prior to allowing Collateral Agent Lender to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling marshalling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Key Tronic Corp)

Waivers by Credit Parties. Except as otherwise provided for in this ------------------------- Agreement or by applicable law, each Credit Party 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 Agents Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Agent may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s 's taking possession or control of, or to Collateral Agent’s 's replevy, attachment or levy upon, the Collateral or any bond or security that which might be required by any court prior to allowing Collateral 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 (Callaway Golf Co /Ca)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement or by applicable law, each Credit Party waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, 50 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 Agents Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever Agents Agent may do in this regard, (b) all rights to notice and a hearing prior to Collateral Agent’s 's taking possession or control of, or to Collateral Agent’s 's replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing Collateral 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 (Roller Bearing Co of America Inc)

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