Common use of Alteration of Obligations Clause in Contracts

Alteration of Obligations. In such manner, upon such terms and at such times as Investor and Borrower deem best and without notice to Guarantor, Investor and Borrower may alter, compromise, accelerate, extend, renew or change the time or manner for the payment of any Obligation, increase or reduce the rate of interest on the Note, release Borrower, as to all or any portion of the Obligations, release, substitute or add any one or more guarantors or endorsers, accept additional or substituted security therefor, or release or subordinate any security therefor. No exercise or non-exercise by Investor of any right available to Investor, no dealing by Investor with Guarantor or any other guarantor, endorser of the note or any other person, and no change, impairment or release of all or a portion of the obligations of Borrower under any of the Transaction Documents or suspension of any right or remedy of Investor against any person, including, without limitation, Borrower and any other such guarantor, endorser or other person, shall in any way affect any of the obligations of Guarantor hereunder or any security furnished by Guarantor or give Guarantor any recourse against Investor. Guarantor acknowledges that his obligations hereunder are independent of the obligations of Borrower.

Alteration of Obligations. In such manner, upon such terms and at such times as Investor Lender and Borrower deem best and without notice to Guarantor, Investor Lender and Borrower may alter, compromise, accelerate, extend, renew or change the time or manner for the payment of any Obligation, increase or reduce the rate of interest on the Note, release Borrower, as to all or any portion of the Obligations, release, substitute or add any one or more guarantors or endorsers, accept additional or substituted security therefor, or release or subordinate any security therefor. No exercise or non-exercise by Investor Lender of any right available to InvestorLender, no dealing by Investor Lender with Guarantor or any other guarantor, endorser of the note or any other person, and no change, impairment or release of all or a portion of the obligations of Borrower under any of the Transaction Documents or suspension of any right or remedy of Investor Lender against any person, including, without limitation, Borrower and any other such guarantor, endorser or other person, shall in any way affect any of the obligations of Guarantor hereunder or any security furnished by Guarantor or give Guarantor any recourse against InvestorLender. Guarantor acknowledges that his its obligations hereunder are independent of the obligations of BorrowerXxxxxxxx.

Alteration of Obligations. In such manner, upon such terms and at such times as Investor and Borrower UAHC deem best and without notice to Guarantor, Investor and Borrower UAHC may alter, compromise, accelerate, extend, renew or change the time or manner for the payment of any Obligation, increase or reduce the rate of interest on the Note, release BorrowerUAHC, as to all or any portion of the Obligations, release, substitute or add any one or more guarantors or endorsers, accept additional or substituted security therefor, or release or subordinate any security therefor. No exercise or non-exercise by Investor of any right available to Investor, no dealing by Investor with Guarantor or any other guarantor, endorser of the note or any other person, and no change, impairment or release of all or a portion of the obligations of Borrower UAHC under any of the Transaction Documents or suspension of any right or remedy of Investor against any person, including, without limitation, Borrower UAHC and any other such guarantor, endorser or other person, shall in any way affect any of the obligations of Guarantor hereunder or any security furnished by Guarantor or give Guarantor any recourse against Investor. Guarantor acknowledges that his its obligations hereunder are (i) independent of the obligations of BorrowerUAHC, and (ii) a primary guarantee of payment and not just a guarantee of collection.