Common use of Notice of Acceptance and Other Waivers Clause in Contracts

Notice of Acceptance and Other Waivers. (a) All ABL Obligations at any time made or incurred by the Company or any Grantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Collateral Agent or any ABL Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All New First Lien Obligations at any time made or incurred by the Company or any Grantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the New First Lien Collateral Agent or the New First Lien Secured Parties of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the New First Lien Obligations.

Appears in 16 contracts

Samples: Additional Receivables Intercreditor Agreement (HCA Healthcare, Inc.), Additional Receivables Intercreditor Agreement (HCA Healthcare, Inc.), Additional Receivables Intercreditor Agreement (HCA Healthcare, Inc.)

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Notice of Acceptance and Other Waivers. (a) All ABL First Lien Obligations at any time made or incurred by the Company Borrower or any Grantor Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First Second Lien Collateral Agent, on behalf of itself and the New First Second Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Collateral First Lien Agent or any ABL First Lien Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL First Lien Obligations. All New First Second Lien Obligations at any time made or incurred by the Company Borrower or any Grantor Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the New First Second Lien Collateral Agent or the New First any Second Lien Secured Parties Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the New First Second Lien Obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Rh), Intercreditor Agreement (Rh), Intercreditor Agreement (Sequential Brands Group, Inc.)

Notice of Acceptance and Other Waivers. (a) All ABL First Lien Obligations at any time made or incurred by the Company Borrower or any Grantor other Credit Party shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First each Second Lien Collateral Agent, on behalf of itself and the New First other applicable Second Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance reliance, by the ABL Collateral any First Lien Agent or any ABL other First Lien Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, creation or non-payment of all or any part of the ABL First Lien Obligations. All New First Second Lien Obligations at any time made or incurred by the Company Borrower or any Grantor other Credit Party shall be deemed to have been made or incurred in reliance upon this Agreement, and the New each First Lien Collateral Agent, on behalf of itself and the New other applicable First Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the New First any Second Lien Collateral Agent or the New First any other Second Lien Secured Parties Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, creation or non-payment of all or any part of the New First Second Lien Obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Arconic Rolled Products Corp), Intercreditor Agreement (Arconic Inc.)

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Notice of Acceptance and Other Waivers. (a) All ABL Obligations at any time made or incurred by the Company any Borrower or any Grantor Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and each of the New First Lien Collateral Notes Agent, on behalf of itself itself, the First Lien Notes Secured Parties, and the New First Lien Future Notes Indebtedness Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Collateral Agent or any ABL Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All New First Lien Notes Obligations at any time made or incurred by the Company any Borrower or any Grantor Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the New First Lien Collateral ABL Agent, on behalf of itself and the New First Lien ABL Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the New First Lien Collateral Agent or the New Notes Agent, any First Lien Notes Secured Parties Party, or any Future Notes Indebtedness Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the New First Lien Notes Obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Gap Inc), Revolving Credit Agreement (Gap Inc)

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