Common use of Waivers Made Knowingly and Voluntarily Clause in Contracts

Waivers Made Knowingly and Voluntarily. Each Guarantor represents, warrants and agrees that the waivers made by the Guarantors in this Guaranty are made with each Guarantor’s full knowledge of their significance and consequences, and that under the circumstances, the waivers are reasonable and not contrary to public policy or law. If any of these waivers are determined to be contrary to any Applicable Law or public policy, the waivers made by the Guarantors in this Guaranty shall be effective only to the extent permitted by law.

Waivers Made Knowingly and Voluntarily. Each Guarantor represents, warrants and agrees that the waivers made by the Guarantors in this Guaranty are made with each Guarantor’s full knowledge of their significance and consequences, and that under the circumstances, the waivers are reasonable and not contrary to public policy or law. If any of these waivers are determined to be contrary to any Applicable Law applicable law or public policy, the waivers made by the Guarantors in this Guaranty shall be effective only to the extent permitted by law.