Agreements of Borrower. Borrower and any other party now or hereafter liable for the payment of this Note, in whole or in part, hereby severally: (i) waive demand, presentment for payment, notice of nonpayment, protest, notice of protest, notice of intent to accelerate, notice of acceleration and all other notice, filing of suit and diligence in collecting this Note, (ii) agree to the release of any party primarily or secondarily liable hereon, (iii) agree that Lender shall not be required to first institute suit or exhaust its remedies hereon against Borrower or others liable or to become liable hereon or to enforce its rights against them, and (iv) consent to any extension or postponement of time of payment of this Note and to any other indulgence with respect hereto without notice thereof to any of them.
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Sources: Securities Purchase Agreement (American Restaurant Concepts Inc)
Agreements of Borrower. Borrower and any other party now or hereafter liable for the payment of this Note, Note in whole or in part, hereby severally: (i) waive waives demand, presentment for payment, notice of nonpayment, protest, notice of protest, notice of intent to accelerate, notice of acceleration and all other notice, filing of suit and diligence in collecting this Note, (ii) agree agrees to the release of any party primarily or secondarily liable hereon, (iii) agree agrees that Lender shall not be required first to first institute suit or exhaust its remedies hereon against Borrower or others liable or to become liable hereon or to enforce its rights against them, and (iv) consent consents to any extension or postponement of time of payment of this Note and to any other indulgence with respect hereto without notice thereof to any of them.
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