Common use of Waivers by Credit Parties Clause in Contracts

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

Appears in 1 contract

Samples: Secured Super Priority Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/)

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Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, each Credit Party waiveswaives (including for purposes of Section 12), to the extent permitted by law: (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 the Administrative Agent Agents on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent Agents may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s Agents' taking possession or control of, or to the Administrative Agent’s replevyAgents' replevin, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing the Administrative Agent Agents to exercise any of their remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Loan Agreement (Asta Funding Inc)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, each Credit Party waives: waives (including for purposes of Section 12): (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 the Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s 's taking possession or control of, or to the 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 the Administrative Agent to exercise any of their its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, 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 the Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s 's taking possession or control of, or to the 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 the Administrative Agent to exercise any of their remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Secured Super Priority Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, each Credit Party waives: waives (including for purposes of SECTION 12): (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 the Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s 's taking possession or control of, or to the 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 the Administrative Agent to exercise any of their its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Hi Rise Recycling Systems Inc)

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Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, each Credit Party waives: waives (including for purposes of Section 12): (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 the Administrative any Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative such Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Collateral Agent’s 's taking possession or control of, or to the Administrative 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 the Administrative Collateral Agent to exercise any of their its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement, Agreement or by applicable law or the Final Orderlaw, each Credit Party waives: waives (including for purposes of SECTION 12): (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to CREDIT AGREEMENT 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 the Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s 's taking possession or control of, or to the 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 the Administrative Agent to exercise any of their its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Waivers by Credit Parties. Except as otherwise provided for in this Agreement, the other Loan Documents or by applicable law or the Final Orderlaw, 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 the Administrative Agent on which any Credit Party may in any way be liable, and hereby ratifies and confirms whatever the Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Administrative Agent’s 's taking possession or control of, or to the 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 the Administrative Agent to exercise any of their its remedies, and (c) the benefit of all valuation, appraisal, marshaling marshalling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

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