Common use of Waiver of Certain Defenses Clause in Contracts

Waiver of Certain Defenses. All rights of Lender and all obligations of the Guarantor hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of Borrower, Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 2 contracts

Samples: Guaranty Agreement (Solomon Technologies Inc), Guaranty Agreement (Solomon Technologies Inc)

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Waiver of Certain Defenses. All rights of Lender and all obligations of the Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Borrower, Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Loan, Pledge and Security Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of Lender the Lenders and all obligations of the Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Borrower, Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Loan, Pledge and Security Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of Lender and all obligations of the Guarantor Corporate Guarantors hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of Borrower, a Corporate Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Guaranty Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of Lender the Lenders and all obligations of the Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the IndebtednessObligations, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the IndebtednessObligations, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the IndebtednessObligations, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Borrower, Guarantor or any third party, other than payment and performance in full of the IndebtednessObligations, unless otherwise agree to by the Lenders in writing.

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

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Waiver of Certain Defenses. All rights of Lender and all obligations of the Personal Guarantor hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of Borrower, Personal Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Guaranty Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of the Lender and all obligations of the Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Borrower, Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Loan, Pledge and Security Agreement (Softech Inc)

Waiver of Certain Defenses. All rights of Lender and all obligations of the Guarantor Borrower hereunder and under the Loan Documents shall be absolute and unconditional irrespective of (i) any change in the time, manner or place of payment of, or any other term of, all or any of the Indebtedness, or any other amendment or waiver of or any consent to any departure from any provision of the Loan Documents, (ii) any exchange, release or non-perfection of any other collateral given as security for the Indebtedness, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Indebtedness, or (iii) any other circumstance which might otherwise constitute a defense available to, or a discharge of Borrower, Guarantor or any third party, other than payment and performance in full of the Indebtedness.

Appears in 1 contract

Samples: Secured Promissory Note (Solomon Technologies Inc)

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