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, 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 any Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever such Agent may do in this regard, (b) all rights to notice and a hearing prior to the Collateral Agent’s taking possession or control of, or to the 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 the 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: Term Credit Agreement (Newpark Resources 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, to the extent permitted by applicable law: 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 any Administrative Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever such Administrative Agent may do in this regard, (b) all rights to notice and a hearing prior to the Collateral Administrative Agent’s taking possession or control of, or to the Collateral Administrative Agent’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 Collateral Administrative Agent to exercise any of its remedies, their remedies and (c) the benefit of all valuation, appraisal, marshaling marshalling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Princeton Review Inc)

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

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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, 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 any the Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever such the Agent may do in this regard, (b) all rights to notice and a hearing prior to the Collateral Agent’s taking possession or control of, or to the 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 the 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 and Guaranty Agreement (Northwestern Corp)

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