Common use of Waivers of Notices and Defenses Clause in Contracts

Waivers of Notices and Defenses. The Guarantor hereby waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any corporation or person against Mallinckrodt or any other corporation or person, except that no payment shall be sought from the Guarantor under this Guaranty unless a notice of default has been served to Mallinckrodt with a copy to the Guarantor providing for a minimum cure period of 15 days to remedy such default (if and only if such default is curable) and indicating Neuromed’s intention to claim under this Guaranty in the absence of remedy within such cure period.

Waivers of Notices and Defenses. The Guarantor hereby waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any corporation or person against Mallinckrodt Neuromed or any other corporation or person, except that no payment shall be sought from the Guarantor under this Guaranty unless a notice of default has been served to Mallinckrodt Neuromed with a copy to the Guarantor providing for a minimum cure period of 15 days to remedy such default (if and only if such default is curable) and indicating NeuromedMallinckrodt’s intention to claim under this Guaranty in the absence of remedy within such cure period.