Common use of ALTERATION OF THE GUARANTY OBLIGATION Clause in Contracts

ALTERATION OF THE GUARANTY OBLIGATION. 3.1 No exercise or non-exercise of any right hereby given to the LGCB, no dealing by the LGCB with the Guarantors or any other guarantor or any other person, and no change, impairment or release of all or any portion of the Company's COC obligations, or suspension of any right or remedy of the LGCB against any person, including without limitation the Company or any other such guarantor or other person, shall in any way affect any part of the Guaranty Obligation or any security furnished by the Guarantors or give the Guarantors any recourse against the LGCB. 3.2 This Guaranty is provided on the express condition that, should the LGCB and the Company amend or modify the COC so as to increase the Guaranty Obligation or adversely affect the Guarantors without the prior written agreement of the Guarantors, any such amendment or modification entered into without the prior written agreement of the Guarantors shall not increase the Guaranty Obligation or adversely affect the Guarantors.

ALTERATION OF THE GUARANTY OBLIGATION. 3.1 No exercise or non-exercise of any right hereby given to the LGCB, no dealing by the LGCB with the Guarantors or any other guarantor or any other person, and no change, impairment or release of all or any portion of the Company's COC obligations, or suspension of any right or remedy of the LGCB against any person, including without limitation the Company or any other such guarantor or other person, shall in any way affect any part of the Guaranty Obligation or any security furnished by the Guarantors or give the Guarantors any recourse against the LGCB. 3.2 This Guaranty is provided on the express condition that, should the LGCB and the Company amend or modify the COC so as to increase the Guaranty Obligation or adversely affect the Guarantors without the prior written agreement of the Guarantors, any such amendment Amendment or modification entered into without the prior written agreement of the Guarantors shall not increase the Guaranty Obligation or adversely affect the Guarantors.

ALTERATION OF THE GUARANTY OBLIGATION. 3.1 No exercise or non-exercise of any right hereby given to the LGCB, no dealing by the LGCB with the Guarantors or any other guarantor or any other person, and no change, impairment or release of all or any portion of the Company's COC obligations, or suspension of any right or remedy of the LGCB against any person, including without limitation the Company or any other such guarantor or other person, shall in any way affect any part of the Guaranty Obligation or any security furnished by the Guarantors or give the Guarantors any recourse against the LGCBLCGB. 3.2 This Guaranty is provided on the express condition that, should the LGCB and the Company amend or modify the COC so as to increase the Guaranty Obligation or adversely affect the Guarantors without the prior written agreement of the Guarantors, any such amendment or modification entered into without the prior written agreement of the Guarantors shall not increase the Guaranty Obligation or adversely affect the Guarantors.