Common use of Continuing Liability Clause in Contracts

Continuing Liability. Subject to the provisions of Section 2.22, the liability of each Borrower under this Agreement and the Loan Documents to which such Borrower is a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Borrower hereby waives any right to revoke its liability under this Agreement and Loan Documents as to future indebtedness.

Appears in 6 contracts

Samples: Year Revolving Credit Agreement (Acuity Brands Inc), Revolving Credit Agreement (Zep Inc.), Revolving Credit Agreement (Acuity Brands Inc)

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Continuing Liability. Subject to the provisions of Section 2.22, the The liability of each the Borrower under this Agreement and the Loan Documents to which such the Borrower is a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each the Borrower hereby waives any right to revoke its liability under this Agreement and the Loan Documents as to future indebtedness.

Appears in 2 contracts

Samples: Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc)

Continuing Liability. Subject to the provisions of Section 2.22, the liability of each Borrower Obligor under this Agreement and the Loan Documents to which such Borrower Obligor is a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Borrower Obligor hereby waives any right to revoke its liability under this Agreement and Loan Documents as to future indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

Continuing Liability. Subject to the provisions of Section 2.22, the liability of each Borrower under this Agreement and the Loan Documents to which such Borrower is a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Borrower hereby waives any right to revoke its liability under this Agreement and Loan Documents as to future indebtedness.. 57 SIDLEY XXXXXX XXXXX & XXXX

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Acuity Brands Inc)

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Continuing Liability. Subject to the provisions of Section 2.22, the The liability of each Borrower under this Agreement and the Loan Documents related documents to which such Borrower is Borrowers are a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Borrower hereby waives any right to revoke its liability under this Agreement and Loan Documents related documents as to future indebtedness.

Appears in 1 contract

Samples: Business Financing Agreement (Digital Turbine, Inc.)

Continuing Liability. Subject to the provisions of Section 2.22, the The liability of each Borrower under this Agreement and the Loan Documents to which such Borrower is Borrowers are a party includes Obligations arising under successive transactions continuing, compromising, extending, increasing, modifying, releasing, or renewing the Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or creating new or additional Obligations after prior Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Borrower hereby waives any right to revoke its liability under this Agreement and Loan Documents as to future indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Matrixx Initiatives Inc)

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