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

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. The Banks maySecured Parties may in accordance with the Loan Documents, --------------------------------------------- at any time and from time to time, without the consent of, or notice to, the Parent, and without discharging the Parent from its obligations hereunder, take any and all actions described in Section 4 and may otherwise: (a) amend, modify, alter or supplement the terms of any of the Subsidiary Guarantor 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; (except as otherwise provided in b) amend, modify, alter or supplement 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 mannerDocument; (bc) sell, exchange, release or otherwise deal with all all, or any part part, of any collateral security at securing any time granted, pledged or mortgaged by the Borrower, any other Guarantor or any other Person to secure of the Guaranteed Obligations; (cd) release anyone any Person liable in any manner for the payment or collection of any or all 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 Borrower or any other Person (including including, without limitation, any other guarantor of the Guaranteed Obligationsguarantor); and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Banks Secured Parties or the Administrative Agent shall electelect in accordance with the Credit Agreement.

Action with Respect to Guaranteed Obligations. The Banks Credit Parties 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 Subsidiary Guarantor Guaranteed Obligations, 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; (except as otherwise provided in b) amend, modify, alter or supplement 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 mannerDocument; (bc) sell, exchange, release or otherwise deal with all all, or any part part, of any collateral security at any time granted, pledged or mortgaged by the Borrower, any other Guarantor Borrowing Base Property or any other Person to secure Property supporting any of the Guaranteed Obligations; (cd) release anyone any other Obligor or other Person 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)Person; and (f) apply any sum, by whomsoever paid or however realized, to the Guaranteed Obligations in such order as the Banks Administrative Agent shall elect.