Common use of Waivers by Loan Parties Clause in Contracts

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

Appears in 15 contracts

Samples: Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.)

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

Appears in 4 contracts

Samples: Credit Agreement (Brush Engineered Materials Inc), Credit Agreement (Park Ohio Holdings Corp), Credit Agreement (Park Ohio Holdings Corp)

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

Appears in 4 contracts

Samples: Credit Agreement (Greenbacker Renewable Energy Co LLC), Revolving Credit Agreement (Mammoth Energy Services, Inc.), Credit Agreement (Universal Logistics Holdings, Inc.)

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

Appears in 2 contracts

Samples: Credit Agreement (Thorne Healthtech, Inc.), Credit Agreement (Universal Technical Institute Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (M-Tron Industries, Inc.), Credit Agreement (LGL Group Inc)

Waivers by Loan Parties. Except as otherwise provided for in this Agreement or by applicable law, law each Loan 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 Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever the Agent may do in this regard, (b) all rights to notice and a hearing prior to the Agent’s taking possession or control of, or to the 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 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 (USA Compression Partners, LP)

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

Appears in 1 contract

Samples: Credit Agreement (American Shared Hospital Services)

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

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

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

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

Appears in 1 contract

Samples: Credit Agreement (American Shared Hospital Services)

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