Common use of Waivers by the Parent Clause in Contracts

Waivers by the Parent. The Parent hereby irrevocably waives, to the extent permitted by applicable law: (i) promptness, diligence, presentment, notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Parent Guarantee; (ii) any requirement that any holder of a Note or any other Person protect, secure, perfect or insure any Encumbrance or any property subject thereto or exhaust any right or take any action against the Issuer or any other Person or any collateral; (iii) any defense, offset or counterclaim arising by reason of any claim or defense based upon any action by any holder of a Note; (iv) any duty on the part of any holder of a Note to disclose to the Parent any matter, fact or thing relating to the business, operation or condition of any Person and its assets now known or hereafter known by such holder; and (v) any rights by which it might be entitled to require suit on an accrued right of action in respect of any of the Guaranteed Obligations or require suit against the Issuer or the Parent or any other Person.

Waivers by the Parent. The Parent hereby irrevocably waives, to --------------------- the extent permitted by applicable law: (i) promptness, diligence, presentment, notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Parent Guarantee; (ii) any requirement that any holder of a Note or any other Person protect, secure, perfect or insure any Encumbrance Lien or any property subject thereto or exhaust any right or take any action against the Issuer Company or any other Person or any collateral; (iii) any defense, offset or counterclaim arising by reason of any claim or defense based upon any action by any holder of a Note; (iv) any duty on the part of any holder of a Note to disclose to the Parent any matter, fact or thing relating to the business, operation or condition of any Person and its assets now known or hereafter known by such holder; and (v) any rights by which it might be entitled to require suit on an accrued right of action in respect of any of the Guaranteed Obligations or require suit against the Issuer Company or the Parent or any other Person.

Waivers by the Parent. The Parent hereby irrevocably waives, to the extent permitted by applicable law: (i) promptness, diligence, presentment, notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Parent Guarantee; (ii) any requirement that any holder of a Note or any other Person protect, secure, perfect or insure any Encumbrance Lien or any property subject thereto or exhaust any right or take any action against the Issuer Company or any other Person or any collateral; (iii) any defense, offset or counterclaim arising by reason of any claim or defense based upon any action by any holder of a Note; (iv) any duty on the part of any holder of a Note to disclose to the Parent any matter, fact or thing relating to the business, operation or condition of any Person and its assets now known or hereafter known by such holder; and (v) any rights by which it might be entitled to require suit on an accrued right of action in respect of any 51 57 of the Guaranteed Obligations or require suit against the Issuer Company or the Parent or any other Person.