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 (including for purposes of Section 13 ): (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 Administrative Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to Administrative Agent’s taking possession or control of, or to Administrative Agent’s replevy, attachment or levy upon, the Collateral or any bond or security which might be required by any court prior to allowing Administrative Agent to exercise any of their remedies and (c) the benefit of all valuation, appraisal, marshalling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Princeton Review Inc)

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Waivers by Loan Parties. Except as otherwise provided for in this Agreement or by applicable law, each Loan Party waives (including for purposes of Section 13 ): waives, to the extent permitted by applicable 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 Administrative any Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever Administrative such Agent may do in this regard, (b) all rights to notice and a hearing prior to Administrative the Collateral Agent’s taking possession or control of, or to Administrative the Collateral Agent’s replevy, attachment or levy upon, the Collateral or any bond or security which that might be required by any court prior to allowing Administrative the Collateral Agent to exercise any of their remedies its remedies, and (c) the benefit of all valuation, appraisal, marshalling marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources Inc)

Waivers by Loan Parties. Except as otherwise provided for in this Agreement Agreement, by applicable law or by applicable lawthe Interim Order or Final Order, as applicable, each Loan Party waives (including for purposes of Section 13 ): 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 Administrative the Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever Administrative the Agent may do in this regard, (b) all rights to notice and a hearing prior to Administrative the Agent’s taking possession or control of, or to Administrative the Agent’s replevy, attachment or levy upon, the Collateral or any bond or security which that might be required by any court prior to allowing Administrative the Agent to exercise any of their remedies its remedies, and (c) the benefit of all valuation, appraisal, marshalling marshaling and exemption laws.

Appears in 1 contract

Samples: Assignment and Assumption (Northwestern Corp)

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Waivers by Loan Parties. Except as otherwise provided for in this Agreement or by applicable law, each Loan Party waives (including for purposes of Section 13 ): waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, A&R CREDIT AGREEMENT 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 Administrative the Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever Administrative the Agent may do in this regard, (b) all rights to notice and a hearing prior to Administrative the Agent’s 's taking possession or control of, or to Administrative the 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 Administrative the Agent to exercise any of their remedies its remedies, and (c) the benefit of all valuation, appraisal, marshalling marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources Inc)

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