Demand; Protest. Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, notice of any default, and notice of nonpayment at maturity and acknowledges that BACC may compromise, settle or release, without notice to Borrower, any Collateral and/or guaranties at any time held by BACC. Borrower hereby consents to any extensions of time of payment or partial payment at, before or after the Termination Date.
Appears in 7 contracts
Samples: Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp)
Demand; Protest. Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, notice of any default, notice of intention to accelerate, notice of acceleration, and notice of nonpayment at maturity and acknowledges that BACC may compromise, settle or release, without notice to Borrower, any Collateral and/or guaranties at any time held by BACC. Borrower hereby consents to any extensions of time of payment or partial payment at, before or after the Termination Date.
Appears in 3 contracts
Samples: Loan and Security Agreement (Teamstaff Inc), Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Drinks Americas Holdings, LTD)
