Common use of Waivers by Borrowers Clause in Contracts

Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, Borrowers waive: (i) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Lender on which Borrowers may in any way be liable, and hereby ratifies and confirms whatever Lender may do in this regard, (ii) all rights to notice and a hearing prior to Lender’s taking possession or control of, or to Lender’s replevin, attachment or levy upon, the Collateral, and (iii) the benefit of all valuation, appraisal and exemption laws.

Appears in 2 contracts

Samples: Compensation Agreement (Hightimes Holding Corp.), Compensation Agreement (Origo Acquisition Corp)

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Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, Borrowers waiveeach Borrower waives: (ia) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Lender Agent on which Borrowers any Borrower may in any way be liable, and hereby ratifies and confirms whatever Lender Agent may do in this regard, (iib) all rights to notice and a hearing prior to Lender’s Agent's taking possession or control of, or to Lender’s replevinAgent's replevy, attachment or levy upon, the CollateralCollateral or any bond or security which might be required by any court prior to allowing Agent to exercise any of its remedies, and (iiic) the benefit of all valuation, appraisal appraisal, marshaling and exemption laws.

Appears in 2 contracts

Samples: Credit Agreement (Green Mountain Coffee Inc), Credit Agreement (Wpi Group Inc)

Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, Borrowers waiveeach Borrower waives: (ia) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Lender Agent on which Borrowers any Borrower may in any way be liable, and hereby ratifies and confirms whatever Lender Agent may reasonably do in this regard, (iib) all rights to notice and a hearing prior to LenderAgent’s taking possession or control of, or to LenderAgent’s replevinreplevy, attachment or levy upon, the CollateralCollateral or any bond or security that might be required by any court prior to allowing Agent to exercise any of its remedies, and (iiic) the benefit of all valuation, appraisal appraisal, marshaling and exemption laws.

Appears in 1 contract

Samples: Credit Agreement (Devcon International Corp)

Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, Borrowers waiveeach Borrower waives: (i) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Lender on which Borrowers Borrower may in any way be liable, and hereby ratifies and confirms whatever Lender may do in this regard, (ii) all rights to notice and a hearing prior to Lender’s taking possession or control of, or to Lender’s replevin, attachment or levy upon, the Collateral, and (iii) the benefit of all valuation, appraisal and exemption laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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Waivers by Borrowers. (a) Except as otherwise provided for in this Agreement or by applicable law, Borrowers waiveeach Borrower waives: (ia) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by Lender Bank on which Borrowers any Borrower may in any way be liable, and hereby ratifies and confirms whatever Lender Bank may do in this regard, (iib) all rights to notice and a hearing prior to Lender’s Bank's taking possession or control of, or to Lender’s replevinBank's replevy, attachment or levy upon, the Collateralany Collateral or any bond or security which might be required by any court prior to allowing Bank to exercise any of its remedies, and (iiic) the benefit of all valuation, appraisal appraisal, marshalling and exemption laws.

Appears in 1 contract

Samples: Possession Loan Agreement (Fruehauf Trailer Corp)

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