Common use of Suretyship Waivers by Grantors Clause in Contracts

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers may deem advisable. The Purchasers shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2. The Grantors further waive any and all other suretyship defenses.

Appears in 3 contracts

Samples: Assumption Agreement (Visual Networks Inc), Assumption Agreement (Precision Optics Corporation Inc), Pledge and Security Agreement (Primal Solutions Inc)

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Suretyship Waivers by Grantors. Each Grantor waives The Grantors waive demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to parties or the preservation of any rights pertaining thereto beyond thereto. Each of the safe custody thereof as set forth in §11.2. The Grantors further waive waives any and all other suretyship defenses.

Appears in 3 contracts

Samples: Security Agreement (Zale Corp), Security Agreement (Zale Corp), Security Agreement (Z Investment Holdings, LLC)

Suretyship Waivers by Grantors. Each Grantor waives The Grantors waive demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Collateral Agent may deem advisable. The Purchasers Collateral Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond thereto. Each of the safe custody thereof as set forth in §11.2. The Grantors further waive waives any and all other suretyship defenses.

Appears in 3 contracts

Samples: Security Agreement (Zale Corp), Credit Agreement (Zale Corp), Security Agreement (Zale Corp)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Senior Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of of, or failure to perfect perfect, any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liableliable therefor, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Collateral Agent may deem advisable. The Purchasers Collateral Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §Section 11.2. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Kaman Corp), Security Agreement (Kaman Corp)

Suretyship Waivers by Grantors. Each Grantor waives The Grantors waive demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to parties or the preservation of any rights pertaining thereto beyond thereto. Each of the safe custody thereof as set forth in §11.2. The Grantors further waive waives any and all other suretyship defensesdefences.

Appears in 2 contracts

Samples: Security Agreement (Zale Corp), Security Agreement (Zale Corp)

Suretyship Waivers by Grantors. Each Except as otherwise expressly provided herein, each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person Person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Except as otherwise provided by applicable Law, the Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §Section 11.2. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 2 contracts

Samples: Security Agreement (Halozyme Therapeutics, Inc.), Security Agreement (Halozyme Therapeutics, Inc.)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Agent may deem advisable. The Purchasers Agent shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §Section 11.2. The Grantors further waive any and all other suretyship defenses.

Appears in 2 contracts

Samples: Security Agreement (Zila Inc), Assumption Agreement (Zila Inc)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2SECTION 7.19. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (Books a Million Inc)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Collateral Agent may deem advisable. The Purchasers Collateral Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (National Investment Managers Inc.)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2Section 7.19. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (Radioshack Corp)

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Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of of, or failure to perfect perfect, any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liableliable therefor, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §Section 11.2. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (Kaman Corp)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Collateral Agent may deem advisable. The Purchasers Collateral Agent shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2ss.11.2. The Grantors further waive any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (TRUEYOU.COM)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Secured Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Secured Party may deem advisable. The Purchasers Secured Party shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2Section 12.2. The Grantors further waive any and all other suretyship defenses.

Appears in 1 contract

Samples: Pledge and Security Agreement (GenuTec Business Solutions, Inc.)

Suretyship Waivers by Grantors. Each Grantor waives The Grantors waive demand, notice, protestprotect, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon hereon, and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange exchange, or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlementsettling, compromising compromising, or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Secured Party may deem advisable. The Purchasers Secured Party shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2. The Grantors further waive any and all other suretyship surety defenses.

Appears in 1 contract

Samples: Security Agreement (Refocus Group Inc)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent each Grantor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Administrative Agent may deem advisable. The Purchasers Administrative Agent shall have no duty as to the collection or protection of the Collateral or any income thereontherefrom, nor as to the preservation of rights against prior parties, nor as to or the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2. The Grantors Each Grantor further waive waives any and all other suretyship defenses.

Appears in 1 contract

Samples: Security Agreement (Athenahealth Inc)

Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the Grantors assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as the Purchasers Collateral Agent may deem advisable. The Purchasers Collateral Agent shall have no duty as to the collection or protection of the Collateral or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in §11.2. The Grantors further waive any and all other suretyship defenses.

Appears in 1 contract

Samples: Assumption Agreement (Rainmaker Systems Inc)

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