Waivers by Debtor. Debtor waives notices of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the Obligations; waives presentment, demand, notice of dishonor, and protest; waives notice of the amount of the Obligations outstanding at any time, notice of any change in financial condition of any person liable for the Obligations or any part thereof, notice of any Event of Default, and all other notices respecting the Obligations; and agrees that maturity of the Obligations and any part thereof may be accelerated, extended or renewed one or more times by Secured Party in its discretion, without notice to Debtor.
Appears in 1 contract
Samples: Security Agreement (El Conquistador Partnership Lp)
Waivers by Debtor. Debtor waives notices notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the ObligationsObligation; waives presentment, demand, notice of dishonor, and protest; waives notice of the amount of the Obligations Obligation outstanding at any time, notice of any change in financial condition of any person liable for the Obligations Obligation or any part thereof, notice of any Event of Default, and all other notices respecting the ObligationsObligation; and agrees that maturity of the Obligations Obligation and any part thereof may be accelerated, extended or renewed one or more times by Secured Party in its discretion, without notice to Debtor. Debtor waives any right to require that any action be brought against any other person or to require that resort be had to any other security or to any balance of any deposit account. Debtor further waives any right of subrogation or to enforce any right of action against any other Debtor until the Obligation is paid in full.
Appears in 1 contract
Waivers by Debtor. Debtor waives notices notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the Obligations; waives presentment, demand, notice of dishonor, and protest; waives notice of the amount of the Obligations outstanding at any time, notice of any change in financial condition of any other person liable for any of the Obligations or any part thereof, notice of any Event of Default, and all other notices respecting the Obligations; and agrees that maturity of the Obligations and any part thereof may be accelerated, extended or renewed one or more times by Secured Party in its discretion, without notice to Debtor. Debtor waives any right to require that any action be brought against any other person or to require that resort be had to any other security or to any balance of any deposit account. Debtor further waives any right of subrogation or to enforce any right of action against any other obligor with respect to the Obligations until the Obligations are paid in full.
Appears in 1 contract
Samples: Security Agreement (Fountain Powerboat Industries Inc)
Waivers by Debtor. Debtor waives notices notice of the creation, advance, increase, existence, extension extension, or renewal of, and of any indulgence with respect to, the Obligations; waives presentment, demand, notice of dishonor, and protest; waives notice of the amount of the Obligations outstanding at any time, notice of any change in financial condition of any person liable for the Obligations or any part thereof, notice of any Event of Default, and all other notices respecting the Obligations; and agrees that maturity of the Obligations and any part thereof may be accelerated, extended extended, or renewed one or more times by Secured Party in its discretion, without notice to Debtor. Debtor waives any right to require that any action be brought against any other person or to require that resort be had to any other security or to any balance of any deposit account.
Appears in 1 contract
Samples: Security Agreement (Apollo Resources International Inc)