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

Action with Respect to Guarantied Obligations. The Guarantied 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 Guarantied Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guarantied Obligations or changing the interest rate that may accrue on any of the Guarantied Obligations; (b) amend, modify, alter or supplement any Guarantied Document; (c) release any Credit Party or other Person liable in any manner for the payment or collection of any of the Guarantied Obligations; (d) exercise, or refrain from exercising, any rights against any Credit Party or any other Person; and (e) apply any sum, by whomsoever paid or however realized, to the Guarantied Obligations in such order as the Guarantied Parties shall elect in their sole discretion.

Appears in 1 contract

Samples: Guaranty (Energy Transfer LP)

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Action with Respect to Guarantied Obligations. The Guarantied Parties Lenders, the Agent and the Lender Hedge Providers 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 Guarantied Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guarantied Obligations or changing the interest rate that may accrue on any of the Guarantied Obligations; (b) amend, modify, alter or supplement the Term Loan Agreement or any Guarantied Documentother Loan Document or the Interest Rate Hedge; (c) sell, exchange, release or otherwise deal with all, or any part, of any collateral securing any of the Obligations or the Hedge Obligations; (d) release any Credit other Loan Party or other Person liable in any manner for the payment or collection of any of the Guarantied Obligations; (de) exercise, or refrain from exercising, any rights against the Borrower, any Credit Party other Guarantor or any other Person; and (ef) apply any sum, by whomsoever paid or however realized, to the Guarantied Obligations in such order as the Guarantied Parties Lenders shall elect in their sole discretionelect.

Appears in 1 contract

Samples: Term Loan Agreement (Kite Realty Group, L.P.)

Action with Respect to Guarantied Obligations. The Guarantied Parties may, at any time and from time to time, pursuant to the terms of the Guarantied Documents, as applicable, without the consent of, or notice to, any the Guarantor, and without discharging any the 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 Guarantied Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guarantied Obligations or changing the interest rate that may accrue on any of the Guarantied Obligations; (b) amend, modify, alter or supplement any Guarantied Document; (c) sell, exchange, release or otherwise deal with all, or any Credit Party part, of any collateral securing any of the Guarantied Obligations; (d) release the Company or any other Person liable in any manner for the payment or collection of any of the Guarantied Obligations; (de) exercise, or refrain from exercising, any rights against the Company, any Credit Party other guarantor of the Guarantied Obligations or any other Person; and (ef) apply any sum, by whomsoever paid or however realized, to the Guarantied Obligations in such order as the Guarantied Parties shall elect in their sole discretionelect.

Appears in 1 contract

Samples: Accession Agreement (Hudson Pacific Properties, L.P.)

Action with Respect to Guarantied Obligations. The Guarantied Parties Noteholders may, at any time and from time to time, without the consent of, or notice to, any Subsidiary Guarantor, and without discharging any Subsidiary 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 Guarantied Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guarantied Obligations or changing the interest rate that may accrue on any of the Guarantied Obligations; (b) amend, modify, alter or supplement any Guarantied Documentthe Note Agreement or the Notes; (c) sell, exchange, release or otherwise deal with all, or any Credit Party part, of any collateral securing any of the Guarantied Obligations; (d) release the Company, the Parent, any other Subsidiary Guarantor or any other Person liable in any manner for the payment or collection of any of the Guarantied Obligations; (de) exercise, or refrain from exercising, any rights against the Company, the Parent, any Credit Party other Subsidiary Guarantor or any other Person; and (ef) apply any sum, by whomsoever paid or however realized, to the Guarantied Obligations in such order as the Guarantied Parties Noteholders shall elect in their sole discretionelect.

Appears in 1 contract

Samples: Note Purchase Agreement (Kite Realty Group, L.P.)

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Action with Respect to Guarantied Obligations. The Guarantied Parties Lenders, the Issuing Bank, the Swingline Lender, and the Administrative Agent 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 Guarantied Obligations, including, but not limited to, extending or shortening the time of payment of any of the Guarantied Obligations or changing the interest rate that may accrue on any of the Guarantied Obligations; (b) amend, modify, alter or supplement the Credit Agreement or any Guarantied 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 Credit other Loan Party or other Person liable in any manner for the payment or collection of any of the Guarantied Obligations; (de) exercise, or refrain from exercising, any rights against the Borrower, any Credit other Loan Party or any other Person; and (ef) apply any sum, by whomsoever paid or however realized, to the Guarantied Obligations in such order as the Guarantied Parties Lenders shall elect in their sole discretionelect.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

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