Common use of Waivers by Pledgor Clause in Contracts

Waivers by Pledgor. Pledgor hereby waives (i) notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the Obligations; (ii) presentment, demand, notice of dishonor, and protest; and (iii) notice of the amount of the Obligations outstanding at any time. Pledgor 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. Pledgor further waives any right of subrogation or to enforce any right of action against any other obligor on any Obligation or other pledgor to the Secured Party of collateral for the Obligations until the Obligations are paid in full.