Common use of Pledgor waives Clause in Contracts

Pledgor waives. (i) all rights to require Pledgee or any Lender to proceed against any other person, entity or collateral or to exercise any remedy, (ii) to the extent permitted under applicable law, the defense of the statute of limitations in any action upon any of the Obligations, (iii) any right of subrogation or interest in the Obligations or Pledged Property until all Obligations have been paid in full, (iv) any rights to notice of any kind or nature whatsoever, unless specifically required in this Pledge Agreement or the Loan Agreement or non-waivable under any applicable law, and (v) to the extent permitted under applicable law, its rights under Section 9-207 of the Uniform Commercial Code. Pledgor agrees that the Pledged Property, other collateral, or any other guarantor or endorser may be released, substituted or added with respect to the Obligations, in whole or in part, without releasing or otherwise affecting the liability of Pledgor, the pledge and security interests granted hereunder, or this Pledge Agreement. Pledgee, for and on behalf of itself and Lenders, is entitled to all of the benefits of a secured party set forth in Section 9-207 of the Uniform Commercial Code.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Lexington Precision Corp), Pledge and Security Agreement (Lexington Precision Corp)

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Pledgor waives. (i) all rights to require Pledgee or any Lender Lenders to proceed against any other person, entity or collateral or to exercise any remedy, (ii) to the extent permitted under applicable law, the defense of the statute of limitations in any action upon any of the Obligations, (iii) any right of subrogation or interest in the Obligations or Pledged Property Collateral until all Obligations have been paid in fullfull in immediately available funds and the Loan Agreement has been terminated, (iv) any rights to notice of any kind or nature whatsoever, unless specifically required in this Pledge Agreement or Agreement, the Loan Agreement (to the extent applicable to this Pledge Agreement) or non-waivable under any applicable law, and (v) to the extent permitted under applicable lawpermissible, its rights under Section 9-207 of the Uniform Commercial CodeUCC. Pledgor agrees that the Pledged PropertyCollateral, other collateral, or any other guarantor or endorser may be released, substituted or added with respect to the Obligations, in whole or in part, without releasing or otherwise affecting the liability of Pledgor, the pledge and security interests granted hereunder, or this Pledge Agreement. Pledgee, for and on behalf of itself and Lenders, Pledgee is entitled to all of the benefits of a secured party set forth in Section 9-207 of the Uniform Commercial CodeUCC.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hancock Fabrics Inc)

Pledgor waives. (i) all rights to require Pledgee or any Lender Lenders to proceed against any other person, entity or collateral or to exercise any remedy, (ii) to the extent permitted under applicable law, the defense of the statute of limitations in any action upon any of the Obligations, (iii) any right of subrogation or interest in the Obligations or Pledged Property Collateral until all Obligations have been paid in full, (iv) any rights to notice of any kind or nature whatsoever, unless specifically required in this Pledge Agreement or Agreement, the Loan Agreement (to the extent applicable to this Pledge Agreement) or non-waivable under any applicable law, and (v) to the extent permitted under applicable lawpermissible, its rights under Section 9-207 of the Uniform Commercial Code. Pledgor agrees that the Pledged PropertyCollateral, other collateral, or any other guarantor or endorser may be released, substituted or added with respect to the Obligations, in whole or in part, without releasing or otherwise affecting the liability of Pledgor, the pledge and security interests granted hereunder, or this Pledge Agreement. Pledgee, for and on behalf of itself and Lenders, Pledgee is entitled to all of the benefits of a secured party set forth in Section 9-207 of the Uniform Commercial Code.

Appears in 1 contract

Samples: Pledge and Security Agreement (RBX Corp)

Pledgor waives. (i) all rights to require Pledgee or any Lender to proceed against any other person, entity or collateral or to exercise any remedy, (ii) to the extent permitted under applicable law, the defense of the statute of limitations in any action upon any of the Obligations, (iii) any right of subrogation or interest in the Obligations or Pledged Property Collateral until all Obligations have been paid in fullfull in immediately available funds and the Loan Agreement has been terminated, (iv) any rights to notice of any kind or nature whatsoever, unless specifically required in this Pledge Agreement or Agreement, the Loan Agreement (to the extent applicable to this Pledge Agreement) or non-waivable under any applicable law, and (v) to the extent permitted under applicable lawpermissible, its rights under Section 9-207 of the Uniform Commercial Code. Pledgor agrees that the Pledged PropertyCollateral, other collateral, or any other guarantor or endorser may be released, substituted or added with respect to the Obligations, in whole or in part, without releasing or otherwise affecting the liability of Pledgor, the pledge and security interests granted hereunder, or this Pledge Agreement. Pledgee, for and on behalf of itself and Lenders, Pledgee is entitled to all of the benefits of a secured party set forth in Section 9-207 of the Uniform Commercial Code.

Appears in 1 contract

Samples: Pledge and Security Agreement (XZERES Corp.)

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Pledgor waives. (i) all rights to require Pledgee or any Lender to proceed against any other person, entity or collateral or to exercise any remedy, (ii) to the extent permitted under applicable law, the defense of the statute of limitations in any action upon any of the Obligations, (iii) any right of subrogation or interest in the Obligations or Pledged Property Collateral until all Obligations have been paid in fullfull in immediately available funds and the Loan Agreement has been terminated, (iv) any rights to notice of any kind or nature whatsoever, unless specifically required in this Pledge Agreement or the Loan Agreement or non-waivable under any applicable law, and (v) to the extent permitted under applicable lawpermissible, its rights under Section 9-207 of the Uniform Commercial Code. Pledgor agrees that the Pledged PropertyCollateral, other collateral, or any other guarantor or endorser may be released, substituted or added with respect to the Obligations, in whole or in part, without releasing or otherwise affecting the liability of Pledgor, the pledge and security interests granted hereunder, or this Pledge Agreement. Pledgee, for and on behalf of itself and Lenders, Pledgee is entitled to all of the benefits of a secured party set forth in Section 9-207 of the Uniform Commercial Code.

Appears in 1 contract

Samples: Pledge and Security Agreement (Us Lec Corp)

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