Common use of Amendments, etc. with respect to the Guaranteed Obligations Clause in Contracts

Amendments, etc. with respect to the Guaranteed Obligations. (a) Each Guarantor shall remain obligated hereunder, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, notwithstanding the fact that: (i) any demand for payment of any of the Guaranteed Obligations made by Agent or the other Secured Parties may be rescinded by Agent or the other Secured Parties and any of the Guaranteed Obligations continued, (ii) the Guaranteed Obligations, or the Liability of any other Person upon or for any part thereof, or any collateral security or guaranty therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any other Secured Party, or (iii) any of the Facility Agreement or the other Loan Documents or any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as Agent or any other Secured Party may deem advisable from time to time. Agent and the other Secured Parties shall have no obligation to protect, secure, perfect or insure any Lien at any time held by them as security for the Guaranteed Obligations or for the guaranty contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Endologix Inc /De/)

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Amendments, etc. with respect to the Guaranteed Obligations. (a) Each Guarantor shall remain obligated hereunderhereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, notwithstanding the fact that: (i) any demand for payment of any of the Guaranteed Obligations made by Agent or the other Secured Parties any Guaranteed Party may be rescinded by Agent or the other Secured Parties such Guaranteed Party and any of the Guaranteed Obligations continued, (ii) and the Guaranteed Obligations, or the Liability liability of any other Person upon or for any part thereof, or any collateral security or guaranty guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any other Secured Guaranteed Party, or (iii) any of and the Facility Credit Agreement or and the other Loan Documents or and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or any other Secured Party the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by any Guaranteed Party for the payment of the Guaranteed Obligations may be sold, exchanged, waived, surrendered or released. Agent and the other Secured Parties No Guaranteed Party shall have no any obligation to protect, secure, perfect or insure any Lien at any time held by them it as security for the Guaranteed Obligations or for the guaranty guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (General Motors Co)

Amendments, etc. with respect to the Guaranteed Obligations. (a) Each Guarantor Grantor shall remain obligated hereunderhereunder notwithstanding that, without any reservation of rights against any Guarantor Grantor and without notice to or further assent by any GuarantorGrantor, notwithstanding the fact that: (ia) any demand for payment of any of the Guaranteed Obligations made by Agent any Secured Obligations Representative or the any other Senior Secured Parties Party may be rescinded by Agent such Secured Obligations Representative or the such other Senior Secured Parties Party and any of the Guaranteed Obligations continued, continues; (iib) the Guaranteed Obligations, or the Liability liability of any other Person upon or for any part thereof, or any collateral security or guaranty guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, increased, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent any Secured Obligations Representative or any other Senior Secured Party, or (iii) any Party in accordance with the terms of the Facility Agreement or applicable Senior Secured Documents; (c) the other Loan Senior Secured Documents or and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as Agent or any other Secured Party the requisite parties thereto may deem advisable from time to time, and (d) any collateral security, guarantee or right of offset at any time held by any Senior Secured Party for the payment of the Guaranteed Obligations may be sold, exchanged, waived, surrendered or released. Agent and the No Secured Obligations Representative or any other Senior Secured Parties Party shall have no any obligation to protect, secure, perfect or insure any Lien at any time held by them it as security for the Guaranteed Specified Grantor Obligations or for the guaranty guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Collateral Agreement (Enexus Energy CORP)

Amendments, etc. with respect to the Guaranteed Obligations. (a) Each Guarantor shall remain obligated hereunder, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, notwithstanding the fact that: (i) any demand for payment of any of the Guaranteed Obligations made by Agent or the other Secured Parties may be rescinded by Agent or the other Secured Parties and any of the Guaranteed Obligations continued, (ii) the Guaranteed Obligations, or the Liability of any other Person upon or for any part thereof, or any collateral security or guaranty therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any other Secured Party, or (iii) any of the Facility Credit Agreement or the other Loan Documents or any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as Agent or any other Secured Party may deem advisable from time to time. Agent and the other Secured Parties shall have no obligation to protect, secure, perfect or insure any Lien at any time held by them as security for the Guaranteed Obligations or for the guaranty contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Endologix Inc /De/)

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Amendments, etc. with respect to the Guaranteed Obligations. (a) Each The Guarantor shall remain obligated hereunderhereunder notwithstanding that, without any reservation of rights against any the Guarantor and without notice to or further assent by any the Guarantor, notwithstanding the fact that: (i) any demand for payment of any of the Guaranteed Obligations made by Agent or the other Secured Parties any Guaranteed Party may be rescinded by Agent or the other Secured Parties such Guaranteed Party and any of the Guaranteed Obligations continued, (ii) and the Guaranteed Obligations, or the Liability liability of any other Person upon or for any part thereof, or any collateral security or guaranty guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any other Secured Guaranteed Party, or (iii) any of the Facility Credit Agreement or and the other Loan Financing Documents or and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as Agent and any collateral security, guarantee or right of offset at any other Secured time held by any Guaranteed Party for the payment of the Guaranteed Obligations may deem advisable from time to timebe sold, exchanged, waived, surrendered or released. Agent and the other Secured Parties No Guaranteed Party shall have no any obligation to protect, secure, perfect or insure any Lien at any time held by them it as security for the Guaranteed Obligations or for the guaranty guarantee contained in this Section 2 or any other guarantee of the Guaranteed Obligations or any property subject thereto.. Nothing in this Section 2.3 shall limit or impair any Loan Parties’ rights under the Credit Agreement or any other Financing Document. US-DOCS\149841222.4

Appears in 1 contract

Samples: Guaranty Agreement (Global Clean Energy Holdings, Inc.)

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