Common use of WAIVERS AND CONSENT Clause in Contracts

WAIVERS AND CONSENT. Borrower, to the extent permitted by law, consents to certain actions Lender may take, and generally waives defenses that may be available based on these actions or based on the status of a party to the Loan. Lender may renew or extend payments on the Loan. Lender may release any borrower, endorser, guarantor, surety, or any other co-signer. Lender may release, substitute, or impair any Property securing the Loan. ▇▇▇▇▇▇’s course of dealing, or ▇▇▇▇▇▇’s forbearance from, or delay in, the exercise of any of Lender’s rights, remedies, privileges, or right to insist upon ▇▇▇▇▇▇▇▇’s strict performance of any provisions contained in the Loan Documents, will not be construed as a waiver by ▇▇▇▇▇▇, unless the waiver is in writing and signed by ▇▇▇▇▇▇. Lender may participate or syndicate the Loan and share any information that ▇▇▇▇▇▇ decides is necessary about Borrower and the Loan with the other participants.

Appears in 2 contracts

Sources: Commercial Loan Agreement (Broadwind Energy, Inc.), Commercial Loan Agreement (Broadwind Energy, Inc.)

WAIVERS AND CONSENT. Borrower, to the extent permitted by law, consents to certain actions Lender may take, take and generally waives defenses that may be available based on these actions or based on the status of a party to the Loan. Lender may renew or extend payments on the Loan. Lender may release any borrower, endorser, guarantor, surety, surety or any other co-signercosigner. Lender may release, substitute, or impair any Property securing the Loan. L▇▇▇▇▇’s course of dealing, dealing or L▇▇▇▇▇’s forbearance from, or delay in, in the exercise of any of Lender’s rights, remedies, privileges, or right to insist upon B▇▇▇▇▇▇▇’s strict performance of any provisions contained in the Loan Documents, will not be construed as a waiver by L▇▇▇▇▇, unless the waiver is in writing and signed by L▇▇▇▇▇. Lender may participate or syndicate the Loan and share any information that L▇▇▇▇▇ decides is necessary about Borrower and the Loan with the other participants.

Appears in 1 contract

Sources: Commercial Security Agreement (PSM Holdings Inc)

WAIVERS AND CONSENT. Borrower, to the extent permitted by law, consents to certain actions Lender may take, and generally waives defenses that may be available based on these actions or based on the status of a party to the Loan. Lender may renew or extend payments on the Loan. Lender Lander may release any borrower, endorser, guarantor, surety, or any other co-signer. Lender may release, substitute, or impair any Property securing the Loan. ▇▇▇▇▇▇Lender’s course of dealing, or ▇▇▇▇▇▇Lender’s forbearance from, or delay in, the exercise of any of Lender’s rights, remedies, privileges, or right to insist upon ▇▇▇▇▇▇▇▇Borrower’s strict performance of any provisions contained in the Loan Documents, will not be construed as a waiver by ▇▇▇▇▇▇Lender, unless the waiver is in writing and signed by ▇▇▇▇▇▇Lender. Lender may participate or syndicate the Loan and share any information that ▇▇▇▇▇▇ Lender decides is necessary about Borrower and the Loan with the other participants.

Appears in 1 contract

Sources: Commercial Loan Agreement (Hei Inc)