Common use of Agreements and Waivers Clause in Contracts

Agreements and Waivers. Guarantor hereby: ---------------------- (a) agrees that its obligations hereunder shall not be released or otherwise affected by any agreement, amendment, release, suspension, compromise, forbearance, indulgence, waiver, extension, renewal, supplement or modification of any of the Loan Documents, or any other obligations of Borrower to Lender, provided, however, the Loan Documents may only be amended in accordance with the terms of the Loan Agreement; (b) consents that Lender may, without affecting the liability of Guarantor under this Guaranty, (i) exchange, release or surrender any property pledged by or on behalf of Borrower or any other guarantor of any liabilities of Borrower to Lender, (ii) renew or change, with and subject to the consent of Borrower and Operator, the terms of any of Borrower's liabilities to Lender, or (iii) waive any of Lender's rights or remedies against Borrower or any other guarantor of any obligations of Borrower;

Appears in 3 contracts

Samples: Guaranty and Suretyship Agreement (Brookdale Living Communities Inc), Guaranty and Suretyship Agreement (Brookdale Living Communities Inc), Guaranty and Suretyship Agreement (Brookdale Living Communities Inc)

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Agreements and Waivers. Guarantor hereby: ----------------------: (a) agrees that its obligations hereunder shall not be released or otherwise affected by (and hereby waives notice of) any agreement, amendment, release, suspension, compromise, forbearance, indulgence, waiver, extension, renewal, supplement or modification of any of the Loan Documents, or any other obligations of Borrower to Lender, provided, however, the Loan Documents may only be amended in accordance with the terms of the Loan Agreement; (b) consents that Lender may, without affecting the liability of Guarantor under this Guaranty, (i) exchange, release or surrender any property pledged by or on behalf of Borrower or any other guarantor of any liabilities of Borrower to Lender, (ii) renew or change, with and subject to the consent of Borrower and OperatorBorrower, the terms of any of Borrower's liabilities to Lender, or (iii) waive any of Lender's rights or remedies against Borrower or any other guarantor of any obligations of Borrower;

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Alternative Living Services Inc)

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Agreements and Waivers. Guarantor hereby: ----------------------: (a) agrees that its obligations hereunder shall not be released or otherwise affected by any agreement, amendment, release, suspension, compromise, forbearance, indulgence, waiver, extension, renewal, supplement or modification of any of the Loan Documents, or any other obligations of Borrower to Lender, provided, however, the Loan Documents may only be amended in accordance with the terms of the Loan Agreement; (b) consents that Lender may, without affecting the liability of Guarantor under this Guaranty, (i) exchange, release or surrender any property pledged by or on behalf of Borrower or any other guarantor of any liabilities of Borrower to Lender, (ii) renew or change, with and subject to the consent of Borrower and Operator, the terms of any of Borrower's liabilities to Lender, or (iii) waive any of Lender's rights or remedies against Borrower or any other guarantor of any obligations of Borrower;

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Brookdale Living Communities Inc)

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