Common use of Administrative Agent’s Rights Clause in Contracts

Administrative Agent’s Rights. Guarantor authorizes the ------------------------------- Administrative Agent, without notice or demand and without affecting Guarantor's liability hereunder, to obtain a guaranty of the Liabilities from any one or more Persons and at any time or times to enforce, waive, rearrange, modify, limit or release any of such other Persons from their obligations under such guaranties.

Administrative Agent’s Rights. Guarantor authorizes the ------------------------------- ----------------------------- Administrative Agent, without notice or demand and without affecting Guarantor's liability hereunder, to obtain a guaranty of the Liabilities from any one or more Persons and at any time or times to enforce, waive, rearrange, modify, limit or release any of such other Persons from their obligations under such guaranties.