Common use of Defenses Waived Clause in Contracts

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the Obligations. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 4 contracts

Samples: Credit Agreement (Gentiva Health Services Inc), Guaranty (Gentiva Health Services Inc), Guaranty (Gentiva Health Services Inc)

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Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 4 contracts

Samples: Possession Credit Agreement (Bristow Group Inc), Credit Agreement (Bristow Group Inc), Aircraft Security Agreement (Bristow Group Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the payment in full in cash of the Secured Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsSecured Obligations have been paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 3 contracts

Samples: Intercreditor Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc), Intercreditor Agreement (Toys R Us Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the Credit Agreement, any other Loan DocumentsDocument, the Existing Notes Indenture or the Existing Notes, the Administrative Agent and the other Secured Parties may, at their its election, foreclose on any security held by one or more of them it by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them it against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 3 contracts

Samples: Security Agreement (Health Management Associates Inc), Security Agreement (Health Management Associates Inc), Supplemental Indenture (Health Management Associates Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Secured Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsSecured Obligations have been fully,finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 2 contracts

Samples: Barrington Guaranty (Barrington Quincy LLC), Guaranty Agreement (Barrington Quincy LLC)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 2 contracts

Samples: Second Lien Guaranty (RiskMetrics Group Inc), First Lien Guaranty (RiskMetrics Group Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each the Guarantor waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative The Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantorguarantor, without affecting or impairing in any way the liability of each the Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each the Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each the Guarantor against the Borrower or any other Guarantor guarantor or any security.

Appears in 2 contracts

Samples: Landlord Access Agreement (Sola International Inc), Credit Agreement (Sola International Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Holdings’ Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Holdings’ Obligations) of the Borrower Holdings or any other personPerson. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Holdings’ Obligations, make any other accommodation with the Borrower Holdings or any other Guarantor or exercise any other right or remedy available to them against the Borrower Holdings or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsHoldings’ Obligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower Holdings or any other Guarantor or any security.

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Holding Corp), Operating Companies Guaranty (Smith & Wesson Holding Corp)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the USR’s Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the USR’s Obligations) of the Borrower USR or any other personPerson. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the USR’s Obligations, make any other accommodation with the Borrower USR or any other Guarantor or exercise any other right or remedy available to them against the Borrower USR or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsUSR’s Obligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower USR or any other Guarantor or any security.

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Holding Corp), Smith & Wesson Holding Corp

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor of the Subsidiary Guarantors waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative The Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Subsidiary Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor of the Subsidiary Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each such Subsidiary Guarantor against the Borrower or any other Guarantor guarantor or any security.

Appears in 2 contracts

Samples: Subsidiary Guarantee Agreement (Actuant Corp), Subsidiary Guarantee Agreement (Playboy Enterprises Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Facility Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the payment in full in cash of the Facility Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Facility Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsFacility Obligations have been paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 1 contract

Samples: Possession Credit Agreement (Windstream Services, LLC)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the payment in full in cash of the Secured Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsSecured Obligations have been paid in full in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 1 contract

Samples: Security Agreement (Brocade Communications Systems Inc)

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Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor of the Guarantors waives any defense based on or arising out of the unenforceability of the Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other personPerson. Subject to the terms of the other Loan Documents, the The Administrative Agent and the other Secured Lending Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor of the Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each such Guarantor against the Borrower or any other Guarantor guarantor or any security.

Appears in 1 contract

Samples: Credit Agreement (Boise Cascade Corp)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Guaranteed Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction payment in full in cash of the Guaranteed Obligations) of the any Borrower or any other personPerson. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties Lender may, at their its election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the Borrower any one or more of Designated Borrowers or any other Guarantor guarantor or exercise any other right or remedy available to them it against the Borrower any one or more of Borrowers or any other Guarantorguarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the Obligationshereunder. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower other Borrowers or any other Guarantor guarantor or any security.

Appears in 1 contract

Samples: Credit Agreement (SPSS Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor of the Guarantors waives any defense based on or arising out of any defense of the Borrower or any other Guarantor or the unenforceability of the Obligations or any part thereof from any cause cause, or the cessation from any cause of the liability (other than Full Satisfaction of the Obligations) of the Borrower or any other person. Subject to Guarantor, other than the terms final payment in full in cash of the other Loan DocumentsObligations. The Administrative Agent, the Administrative Agent Collateral Agent, the Issuing Bank and the other Secured Parties Lenders may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower any Guarantor or any other Guarantor guarantor or exercise any other right or remedy available to them against the Borrower any Guarantor or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor of the Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each such Guarantor against the Borrower or any other Guarantor or guarantor, as the case may be, or any security.

Appears in 1 contract

Samples: Pledge Agreement (Kansas City Southern Industries Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of the unenforceability of the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Secured Obligations) of the Borrower or any other person. Subject to the terms of the Credit Agreement, any other Loan DocumentsDocument, the Existing Notes Indenture or the Existing Notes, the Administrative Agent and the other Secured Parties may, at their its election, foreclose on any security held by one or more of them it by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the Borrower or any other Guarantor or exercise any other right or remedy available to them it against the Borrower or any other Guarantor, without affecting or impairing in any way the liability of each Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsSecured Obligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor against the Borrower or any other Guarantor or any security.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Shareholder Guarantor waives any defense based on or arising out of the defense of its Related Shareholder or any Loan Party or the unenforceability of the Guaranteed Obligations or any part thereof from any cause cause, or the cessation from any cause of the liability (of its Related Shareholder or any Loan Party, other than Full Satisfaction the full and strict compliance by the Shareholder Guarantor of all the Guaranteed Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative The Collateral Agent and the other Secured Parties may, at their its election, foreclose on any security held by one or more of them it by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the Borrower any 10 252 Shareholder, Shareholder Guarantor, Loan Party or any other Guarantor guarantor or exercise any other right or remedy available to them it against the Borrower Loan Party or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Shareholder Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsGuaranteed Obligations have been fully, finally and indefeasibly complied with. Pursuant to and to To the fullest extent permitted by applicable law, each Shareholder Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each such Shareholder Guarantor against its Related Shareholder any Loan Party or guarantor, as the Borrower or any other Guarantor case may be, or any security.

Appears in 1 contract

Samples: Common Agreement (Velocom Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor of the Subsidiary Guarantors waives any defense based on or arising out of the unenforceability of the Obligations Obliga- tions or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the final and indefeasible payment in full in cash of the Obligations) of the Borrower or any other person. Subject to the terms of the other Loan Documents, the Administrative The Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guarantor guarantor or exercise any other right or remedy available to them against the Borrower or any other Guarantorguarantor, without affecting or impairing in any way the liability of each any Subsidiary Guarantor hereunder except to the extent of the Full Satisfaction of the ObligationsObligations have been fully, finally and indefeasibly paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor of the Subsidiary Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each such Subsidiary Guarantor against the Borrower or any other Guarantor guarantor or any security.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Applied Power Inc)

Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor Domestic Loan Party waives any defense based on or arising out of the unenforceability of the Secured Obligations or any part thereof from any cause or the cessation from any cause of the liability (other than Full Satisfaction the payment in full in cash of the Secured Obligations) of the Borrower Borrowers or any other person. Subject to the terms of the other Loan Documents, the Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the Borrower Borrowers or any other Guarantor Domestic Loan Party or exercise any other right or remedy available to them against the Borrower Borrowers or any other GuarantorDomestic Loan Party, without affecting or impairing in any way the liability of each Guarantor Domestic Loan Party hereunder except to the extent of the Full Satisfaction of the ObligationsSecured Obligations have been paid in cash. Pursuant to and to the fullest extent permitted by applicable law, each Guarantor Domestic Loan Party waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of each Guarantor Domestic Loan Party against the Borrower Borrowers or any other Guarantor Domestic Loan Party or any security.

Appears in 1 contract

Samples: Possession Credit Agreement (Toys R Us Inc)

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