Action with Respect to Guaranteed Obligations. The Administrative Agent or any other Guaranteed Party may, at any time and from time to time, without the consent of, or notice to, the Guarantor, and without discharging the Guarantor from its obligations hereunder take any and all actions described in Section 3 above and may otherwise: (a) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or increasing, decreasing or otherwise changing the interest rate or fees that may accrue on any of the Guaranteed Obligations; (b) amend, modify, alter or supplement the Credit Agreement or any other Loan Document or any other document evidencing any Guaranteed Obligations; (c) sell, exchange, release or otherwise deal with all, or any part, of any Collateral; (d) release any Person liable in any manner for the payment or collection of the Guaranteed Obligations; (e) exercise, or refrain from exercising, any rights against the Borrower or any other Person (including, without limitation, any other guarantor of the Guaranteed Obligations); and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as such Guaranteed Party shall elect.
Action with Respect to Guaranteed Obligations. Lender and the Issuing Bank may, at any time and from time to time, without the consent of, or notice to, any Guarantor, and without discharging any Guarantor from its obligations hereunder take any and all actions described in Section 3 and may otherwise: (a) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or the interest rate that may accrue on any of the Guaranteed Obligations; (b) amend, modify, alter or supplement the Credit Agreement or any other Loan Document; (c) sell, exchange, release or otherwise deal with all, or any part, of any collateral securing any of the Obligations; (d) release any Loan Party or other Person liable in any manner for the payment or collection of the Guaranteed Obligations; (e) exercise, or refrain from exercising, any rights against the Borrower, any other Loan Party or any other Person; and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Lender shall elect.
Action with Respect to Guaranteed Obligations. Unless otherwise consented to in writing by the Purchase Money Notes Guarantor, the Noteholder may not take any of the following actions: (a) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or modifying the amount of any of the Guaranteed Obligations; (b) amend, modify, alter or supplement any Purchase Money Note; (c) release any other person liable in any manner for the payment or collection of the Guaranteed Obligations; and (d) exercise, or refrain from exercising, any rights against Debtor or any other person; provided, however, that any such action taken by the Noteholder with the written consent of the Purchase Money Notes Guarantor shall not discharge the Purchase Money Notes Guarantor from its obligations hereunder.
Action with Respect to Guaranteed Obligations. The Banks may, --------------------------------------------- at any time and from time to time, without the consent of the Subsidiary Guarantor (except as otherwise provided in the Credit Agreement or any other Loan Documents), and without discharging the Subsidiary Guarantor from its obligations hereunder: (a) change the manner, place or terms of payment, or change or extend the time of payment of, or renew or alter the Guaranteed Obligations in any manner; (b) sell, exchange, release or otherwise deal with all or any part of any collateral security at any time granted, pledged or mortgaged by the Borrower, any other Guarantor or any other Person to secure the Guaranteed Obligations; (c) release anyone liable in any manner for the payment or collection of the Guaranteed Obligations; (d) amend or otherwise alter the terms of the Credit Agreement, the Notes or any other Loan Document; (e) exercise, or refrain from exercising, any rights against the Borrower, any other Guarantor or any other Person (including any other guarantor of the Guaranteed Obligations); and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Banks shall elect.
Action with Respect to Guaranteed Obligations. (a) Subject to the provisions of Section 4(b) hereof, Lenders and Administrative Agent may, at any time and from time to time, without the consent of, or notice to, Guarantor, and without discharging Guarantor from its obligations hereunder, take any and all actions described in Section 3 hereof and may otherwise: (i) amend, modify, alter or supplement the Credit Agreement or any other Loan Document; (ii) sell, exchange, release or otherwise deal with all, or any part, of any collateral; (iii) release any Person liable in any manner for the payment or collection of the Guaranteed Obligations; (iv) exercise, or refrain from exercising, any rights against Borrower or any other Person; and (v) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as Lenders shall elect.
Action with Respect to Guaranteed Obligations. The Guaranteed Party may, at any time and from time to time, without the consent of, or notice to, the Guarantors, and without discharging the Guarantors from their obligations hereunder take any and all actions described in Section 3 above and may otherwise: (a) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or increasing, decreasing or otherwise changing the interest rate or fees that may accrue on any of the Guaranteed Obligations; (b) amend, modify, alter or supplement the Note or any other Transaction Document or any other document evidencing any Guaranteed Obligations; (c) sell, exchange, release or otherwise deal with all, or any part, of any collateral securing all or any part of the Guaranteed Obligations; (d) release any Guarantor or any other Person liable in any manner for the payment or collection of the Guaranteed Obligations; (e) exercise, or refrain from exercising, any rights against Verso or any other Person (including, without limitation, any Guarantor or any other guarantor of the Guaranteed Obligations); and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Guaranteed Party shall elect.
Action with Respect to Guaranteed Obligations. The Seller may, --------------------------------------------- at any time and from time to time, without the consent of, or notice to, the Guarantor, and without discharging the Guarantor from its obligations hereunder take any and all actions described in Section 3 above and may otherwise: (a) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or increasing, decreasing or otherwise changing the interest rate or fees that may accrue on any of the Guaranteed Obligations; (b) amend, modify, alter or supplement the Agreement or the Notes or any other document evidencing any Guaranteed Obligations; (c) release any person liable in any manner for the payment or collection of the Guaranteed Obligations; (d) exercise, or refrain from exercising, any rights against the Purchaser or any other person; and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Seller shall elect.
Action with Respect to Guaranteed Obligations. (a) Subject to the provisions of Section 4(b) hereof, the Lenders and the Administrative Agent may, at any time and from time to time, without the consent of, or notice to, the Guarantor, and without discharging the Guarantor from its obligations hereunder, take any and all actions described in Section 3 hereof and may otherwise: (i) amend, modify, alter or supplement the Credit Agreement or any other Loan Document; (ii) sell, exchange, release or otherwise deal with all, or any part, of any collateral; (iii) release any Person liable in any
Action with Respect to Guaranteed Obligations. Administrative and the Lenders may, at any time and from time to time, without the consent of, or notice to, any Guarantor, and without discharging any Guarantor from its obligations hereunder, take any and all actions described in Section 11.03 and may otherwise: (i) amend, modify, alter or supplement the terms of any of the Guaranteed Obligations in accordance with the terms of this Agreement or any of the applicable Loan Documents, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or changing the interest rate that may accrue on any of the Guaranteed Obligations; (ii) amend, modify, alter or supplement this Agreement or any of the other Loan Documents (other than this Article XI and Article XII, as to which each Guarantor’s written consent is required) in accordance with the terms of this Agreement or any of the applicable Loan Documents; (iii) sell, exchange, release or otherwise deal with all, or any part, of any collateral securing any of the Guaranteed Obligations; (iv) release any other Loan Party or other Person liable in any manner for the payment or collection of the Guaranteed Obligations; (v) exercise, or refrain from exercising, any rights against Borrower, any other Guarantor or any other Person; and (vi) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Lenders shall elect.
Action with Respect to Guaranteed Obligations. The Lender may, at any time and from time to time, without the consent of, or notice to, the Guarantor, and without discharging the Guarantor from its obligations hereunder, take any and all actions described in Section 3 of this Guaranty Agreement and may otherwise: (a) only to the extent Borrower agrees in writing, amend, modify, alter or supplement the terms of any of the Guaranteed Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guaranteed Obligations or modifying the amount of any of the Guaranteed Obligations; (b) release any other person liable in any manner for the payment or collection of the Guaranteed Obligations; (c) exercise, or refrain from exercising, any rights against the Borrower or any other person; and (d) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in accordance with the terms of the Purchase Agreement.
