Common use of NOTICE OF EXECUTION Clause in Contracts

NOTICE OF EXECUTION. The lndemnitors and Principals hereby waive notice of the execution of any Bond, the acceptance of this Agreement or Other Agreements, and of any change in surety credit or other fact that might materially alter the lndemnitors and Principals’ obligations hereunder, and the lndemnitors and Principals hereby waive all notice of any default, or any other act or acts giving rise to any claim under any Bond, as well as notice of any and all liability of the Surety under any Bond, and any and all liability on their part hereunder, to the end and effect that, the lndemnitors and Principals shall be and