Security; Waiver Sample Clauses
The 'Security; Waiver' clause defines the rights and obligations related to any security interests provided under the agreement, as well as the conditions under which a party may waive certain rights or claims. In practice, this clause may specify the types of collateral or guarantees required, and outline the formal process for waiving enforcement of security or other contractual rights, such as requiring written notice for a waiver to be valid. Its core function is to clarify the handling of security interests and ensure that any waivers are intentional and properly documented, thereby reducing the risk of disputes over enforcement or relinquishment of rights.
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Security; Waiver. The Guarantor authorizes the Administrative Agent, the Collateral Agent, and each of the other Secured Parties to (i) take and hold security for the payment of this guarantee and/or the Obligations and exchange, enforce, waive and release any such security, (ii) apply such security and direct the order or manner of sale thereof as they in their sole discretion may determine and (iii) release or substitute any one or more endorsees, other guarantors or other obligors or any collateral. The Administrative Agent, the Collateral Agent, and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, or exercise any other right or remedy available to them against the Borrowers or any guarantor, or any security, without affecting or impairing in any way the liability of the Guarantor hereunder except to the extent that the Obligations have been fully, finally and indefeasibly paid in cash. The Guarantor waives any defense arising out of any such election even though such election operates to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the Guarantor against the Borrowers or any other guarantor, as the case may be, or any security.
Security; Waiver. You authorize Lessor to file any form of financing or continuation statements and amendments thereto. THE LEASE CREATED BY THIS AGREEMENT IS INTENDED AS A "FINANCE LEASE" AS THAT TERM IS DEFINED IN ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE (“UCC 2A”). LESSOR IS ENTITLED TO ALL BENEFITS, PRIVILEGES AND PROTECTIONS OF A LESSOR UNDER A FINANCE LEASE, AND YOU IRREVOCABLY WAIVE ANY RIGHT OF NOTICE THEREOF. YOU WAIVE YOUR RIGHTS AS A LESSEE UNDER UCC 2A SECTIONS 508-522. If the lease is determined not to be a true lease, you ▇▇▇▇▇ ▇▇▇▇▇▇ a security interest in the Listed Items. Your exact legal name, your chief executive office address, and your jurisdiction of organization are as set forth on page 1; if you change any of them or the corporate structure, you shall provide prior written notice to Lessor 30 days before such change. Upon request, you will execute and deliver to Lessor such documents as required or appropriate.
Security; Waiver. The Guarantor agrees that the Bank may (i) take and hold security for the payment of this guarantee and/or the Obligations and exchange, enforce, waive and release or fail to perfect any such security, (ii) apply such security and direct the order or manner of sale thereof as it in its sole discretion may determine, and (iii) release or substitute any one or more endorsees, other guarantors or other obligors or any collateral. The Bank may, at its election, foreclose on any security held by it by one or more judicial or non-judicial sales, or exercise any other right or remedy available to it against the Company or the Guarantor, or any security, without affecting or impairing in any way the liability of the Guarantor hereunder except to the extent that the Obligations have been fully, finally and indefeasibly paid in cash. The Guarantor waives any defense arising out of any such election even though such election operates to impair, reduce or extinguish any right of reimbursement, contribution or subrogation or other right or remedy of the Guarantor against the Company or any other guarantor, as the case may be, or any security.
Security; Waiver. The Transactions carried out will be valid and will have full legal effects provided that the access keys and the electronic signature are in compliance and the conditions established in this Agreement are fulfilled. Please be aware that if someone uses your electronic signature and personal data to initiate an order, MGP will proceed with the remittance accordingly. MGP will be relieved of any responsibility derived from those operations that would have taken place prior to the notification of the loss, theft of the access keys or electronic signature by the Customer. The Customer is solely and fully responsible for the operations made using the personal data and electronic signature prior to the Customer’s notification to MGP of the loss or theft. Further, the Customer accepts these transactions as if they were made by him/her even if they were made by a person other than the Customer or authorized person. For security reasons, when a number of consecutive errors occur in the provision of the password or the electronic signature, MGP may choose to have the services blocked and the password or the electronic signature canceled. After such cancellation, the electronic signature and passwords will be re-issued upon receiving Customer's request. MGP is exempt from any liability that may arise from improper, incorrect or negligent use of the user personal data, from its loss, theft, or subtraction, from its assignment to third parties, or from any other act or omission of the Customer or of a third party that makes fraud possible.
Security; Waiver. The Transactions carried out will be valid and will have full legal effects provided that the access keys and the electronic signature are in compliance and the conditions established in this Agreement are fulfilled. Please be aware that if someone uses your electronic signature and personal data to initiate an order, WFC will proceed with the remittance accordingly. WFC will be relieved of any responsibility derived from those operations that would have taken place prior to the notification of the loss, theft of the access keys or electronic signature by the Customer. The Customer is solely and fully responsible for the operations made using the personal data and electronic signature prior to the Customer’s notification to WFC of the loss or theft. Further, the Customer accepts these transactions as if they were made by him/her even if they were made by a person other than the Customer or authorized person. For security reasons, when a number of consecutive errors occur in the provision of the password or the electronic signature, WFC may choose to have the services blocked and the password or the electronic signature canceled. After such cancellation, the electronic signature and passwords will be re-issued upon receiving Customer's request. WFC is exempt from any liability that may arise from improper, incorrect or negligent use of the user personal data, from its loss, theft, or subtraction, from its assignment to third parties, or from any other act or omission of the Customer or of a third party that makes fraud possible.