PREJUDGMENT REMEDIES. The Borrower and any endorser, surety and guarantor hereby acknowledges that this Loan constitutes a commercial transaction. Pursuant to Section 52-278f of the Connecticut General Statutes, the Borrower hereby waives and relinquishes all rights to notice and hearing as provided in Sections 52-278a through 52-278g of said Connecticut General Statutes prior to the securing of any prejudgment remedy against the Borrower in connection with the Liabilities or any of the instruments or documents executed in connection herewith.
Appears in 2 contracts
Sources: Mortgage, Assignment of Leases, and Security Agreement (SBM Industries Inc), Term Loan Agreement (SBM Industries Inc)