Common use of Waivers by Pledgor Clause in Contracts

Waivers by Pledgor. Pledgor waives notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the Obligation; waives presentment, demand, notice of dishonor, and protest; waives notice of acceleration (or intent to accelerate) of the Obligation; waives notice of the amount of the Obligation outstanding at any time, notice of any change in financial condition of any person liable for the Obligation or any part thereof, notice of any Event of Default, and all other notices respecting the Obligation; and agrees that maturity of the Obligation and any part thereof may be accelerated, extended or renewed one or more times by Secured Party in its discretion, without notice to Pledgor. 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 or to any balance of any deposit account. Pledgor further waives any right of subrogation or to enforce any right of action against any other pledgor until the Obligation is paid in full.

Appears in 2 contracts

Samples: Pledge Agreement (Malone John C), Malone John C

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Waivers by Pledgor. Pledgor waives notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the ObligationObligations; waives presentment, demand, notice of dishonor, and protest; waives notice of acceleration (or intent to accelerate) of the Obligation; waives notice of the amount of the Obligation Obligations outstanding at any time, notice of any PLEDGE AGREEMENT - INDEPENDENT BANK GROUP, INC. - $7,000,000 - Page 3 change in financial condition of any person liable for the Obligation Obligations or any part thereof, notice of any Event of Default, and all other notices respecting the ObligationObligations; and agrees that maturity of the Obligation Obligations and any part thereof may be accelerated, extended or renewed one or more times by Secured Party Bank in its discretion, without notice to Pledgor. 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 or to any balance of any deposit account. Pledgor further waives any right of subrogation or to enforce any right of action against any other pledgor until the Obligation is Obligations are paid in full.

Appears in 1 contract

Samples: Pledge Agreement (Independent Bank Group Inc)

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Waivers by Pledgor. Except as may be required hereunder or in any other document with respect to the Obligation, Pledgor waives notice of the creation, advance, increase, existence, extension or renewal of, and of any indulgence with respect to, the Obligation; waives presentment, demand, notice of dishonor, and protest; waives notice of acceleration (or intent to accelerate) of the Obligation; waives notice of the amount of the Obligation outstanding at any time, notice of any change in financial condition of any person liable for the Obligation or any part thereof, notice of any Event event of Defaultdefault, notice of intent to accelerate, notice of acceleration and all other notices respecting the Obligation; and agrees that maturity of the Obligation and any part thereof may be accelerated, extended or renewed one or more times by Secured Party Bank in its discretion, without notice to Pledgor. Pledgor waives any right to require that any action be brought against any other person (including any other pledgor) or to require that resort be had to any other security or to any balance of any deposit account. Pledgor further waives any right of subrogation or to enforce any right of action against any other pledgor or obligor until the Obligation is paid in full.

Appears in 1 contract

Samples: Wyly Samuel Evans

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