Common use of Action with Respect to Guaranteed Obligations Clause in Contracts

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 Guaranteed Party Parties may, at any time and from time to time, without the consent of, or notice to, the Guarantorsany Guarantor, and without discharging the Guarantors any Guarantor from their its obligations hereunder hereunder, take any and all actions described in Section 3 above 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 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 ObligationsDocument; (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 Loan Party or any other Person liable in any manner for the payment or collection of any of the Guaranteed Obligations; (e) exercise, or refrain from exercising, any rights against Verso any Loan Party or any other Person (including, without limitation, any Guarantor or any other guarantor of the Guaranteed Obligations)Person; and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Guaranteed Party Parties shall elect.

Action with Respect to Guaranteed Obligations. The Agent or any other 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 any Guarantor from their 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 Note Credit Agreement or any other Transaction Credit 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 property of the Guaranteed ObligationsCompany that may become collateral; (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 the Company 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 such Guaranteed Party shall elect.