Common use of Waiver by the Company Clause in Contracts

Waiver by the Company. The Company irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided otherwise for herein, as well as any requirement that at any time any action be taken by any Person against the Canadian Borrower or any other Person. The Company further hereby waives the benefits of all provisions of Applicable Law permitting or providing for discharge of the liability and obligation of the Company as guarantor hereunder based on the action or failure to act by either Agent or any Lender with respect to the enforcement of the obligations and liability guaranteed hereby against the Canadian Borrower or its property. Without limiting the foregoing, the Company hereby specifically waives the benefits of N.C. Gen. Stat. Sections 26-7 through 26-9, inclusive.

Appears in 2 contracts

Samples: Credit Agreement (Lance Inc), Credit Agreement (Lance Inc)

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Waiver by the Company. The Company irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided otherwise for herein, as well as any requirement that at any time any action be taken by any Person against the Canadian Borrower or any other Person. The Company further hereby waives the benefits of all provisions of Applicable Law permitting or providing for discharge of the liability and obligation of the Company as guarantor hereunder based on the action or failure to act by either Agent or any Lender with respect to the enforcement of the obligations and liability guaranteed hereby against the Canadian Borrower or its property. Without limiting the foregoing, the Company hereby specifically waives the benefits of N.C. Gen. Stat. Sections 26-7 through 26-9, inclusive.

Appears in 1 contract

Samples: Credit Agreement (Smith a O Corp)

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Waiver by the Company. The Company irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided otherwise for herein, as well as any requirement that at any time any action be taken by any Person against the Canadian Borrower or any other Person. The Company further hereby waives the benefits of all provisions of Applicable Law permitting or providing for discharge of the liability and obligation of the Company as guarantor hereunder based on the action or failure to act by either Agent or any Lender with respect to the enforcement of the obligations and liability guaranteed hereby against the Canadian Borrower or its property. Without limiting the foregoing, the Company hereby specifically waives the benefits of N.C. Gen. Stat. Sections 26-7 through 26-9, inclusive.. 75 82

Appears in 1 contract

Samples: Credit Agreement (Lance Inc)

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