Common use of PREJUDGMENT REMEDIES Clause in Contracts

PREJUDGMENT REMEDIES. The Subordinate Lender hereby acknowledges that the transactions contemplated herein constitute commercial transactions. Pursuant to Section 52-278f of the Connecticut General Statutes, the Subordinate Lender hereby waives and relinquishes all rights to notice and hearing as provided in Sections 52-278a through 52-278g of said Connecticut General Statutes prior to the securing of any prejudgment remedy against the Subordinate Lender in connection with the Liabilities or any of the instruments or documents executed in connection herewith.

Appears in 6 contracts

Samples: Subordination and Pledge Agreement (Vermont Pure Holdings LTD/De), Subordination and Pledge Agreement (Platinum Acquisition Corp), Subordination and Pledge Agreement (Platinum Acquisition Corp)

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