Common use of Conditions of Guarantee Clause in Contracts

Conditions of Guarantee. The Board hereby waives diligence, presentment, protest and any requirement that the Agent or the Lender exhaust any right or take any action against or give notice to the Borrower or the Board, except for the written demands for payment by the Agent on the Borrower and the Board required under this Agreement.

Conditions of Guarantee. The Board hereby waives diligence, presentment, protest and any requirement that the Agent or the Lender Tranche A Lenders exhaust any right or take any action against or give notice to the Borrower or the Board, except for the written demands for payment by the Agent on the Borrower and the Board required under this AgreementSections 4.01 and 4.02, respectively.