Common use of Amendments, Etc. With Respect to the Obligations Clause in Contracts

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party and without notice to or further assent by any Loan Party, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Party, and this Agreement and the other Loan Documents, 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 the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 12 contracts

Samples: Revolving Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc)

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Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor The Company shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party the Company and without notice to or further assent by any Loan Partythe Company, any demand for payment of any of the Company Guaranteed Obligations made by the Administrative any Agent or any other Lender Party may be rescinded by the Administrative such Agent or such Lender Party and any of the Company Guaranteed Obligations continued, and the Company Guaranteed Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative any Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Majority Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative any Agent or any other Lender Party for the payment of the Company Guaranteed Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent, the Collateral Agent nor any Lender or other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Company Guaranteed Obligations or for the guarantee contained in this Article 8 or any property subject thereto.

Appears in 6 contracts

Samples: Credit Agreement (El Paso Corp/De), Credit Agreement (Tennessee Gas Pipeline Co), Credit Agreement (El Paso Natural Gas Co)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party such Guarantor and without notice to or further assent by any Loan Partysuch Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, increased, amended, modified, accelerated, compromised, waived, surrendered or released by the Administrative Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 3 contracts

Samples: Credit Agreement (SWS Group Inc), Funding Agreement (Hilltop Holdings Inc.), Credit Agreement (SWS Group Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 3 contracts

Samples: Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and Agreement, the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to timein accordance with their respective terms, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee pursuant to this Section 12 or any property subject thereto.

Appears in 3 contracts

Samples: Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (BitNile Holdings, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor Holdings shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the Credit Agreement, the other Loan Credit Documents, any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Holdings’ obligations hereunder shall not be affected by any failure by the Administrative Agent or any Secured Party to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Guarantee or any property subject thereto.

Appears in 3 contracts

Samples: Guarantee (LL Services Inc.), Guarantee (Language Line Holdings, Inc.), Guarantee (Atlantic Broadband Management, LLC)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party such Guarantor and without notice to or further assent by any Loan Partysuch Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the Loan Agreement, the other Loan Documents, and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released, in each case pursuant to the terms of the Loan Agreement. Neither the Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 2 contracts

Samples: Guaranty (Veeco Instruments Inc), Guaranty (Marketwise, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Guaranteed Party may be rescinded by the Administrative Agent or such Lender Guaranteed Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset setoff 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 the Administrative Agent or any other Lender Guaranteed Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders Banks or all LendersBanks, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset setoff at any time held by the Administrative Agent or any other Lender Guaranteed Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Guaranteed Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 2 contracts

Samples: Guarantee Agreement (Istar Financial Inc), Guarantee Agreement (Istar Financial Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon them or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, herewith or therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may reasonably deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Article X or any property subject thereto.

Appears in 2 contracts

Samples: Term Loan Credit and Guarantee Agreement (RDA Holding Co.), Revolving Credit and Guarantee Agreement (RDA Holding Co.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder under this Article X notwithstanding that, without any reservation of rights against any Loan Party such Guarantor, and without notice to or further assent by any Loan Partysuch Guarantor, any demand for payment of or reduction in the principal amount of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party Lender, and any of the Obligations continued, and the Obligations, or the liability of any other Person party upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, any other documents executed and delivered in connection therewith, herewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent Lenders (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure any lien at any time held by it as security for the Obligations or for the guarantee contained in this Article X or any property subject thereto.

Appears in 2 contracts

Samples: 364 Day Credit and Guarantee Agreement (PayPal Holdings, Inc.), 364 Day Credit and Guarantee Agreement (PayPal Holdings, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Party, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, herewith or therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative any Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 2 contracts

Samples: Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith or with any of the other Obligations may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders under the Credit Agreement or all Lenders, as the case may bebe or, in the case of Secured Hedge Agreements or Secured Cash Management Agreements, the counterparties thereto) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Article 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Post Holdings, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party Secured Creditor may be rescinded by the Administrative Agent or such Lender Party Secured Creditor and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee 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 the Administrative Agent or any other Lender PartySecured Creditor, and this Agreement and the other Loan Documents, Credit Documents and any other documents executed and delivered in connection therewith, herewith or therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee guaranty or right of offset at any time held by the Administrative Agent or any other Lender Party Secured Creditor for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises, Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither Administrative Agent nor any Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guaranty contained in Section 1 or any Property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Hydrofarm Holdings Group, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the Credit Agreement, the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all of the Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Registration Rights Agreement (Town Sports International Holdings Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender other Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon them or for any part thereof, or any collateral security or guarantee therefor or right of offset setoff or recoupment 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, restated, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset setoff or recoupment at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Hill International, Inc.)

Amendments, Etc. With Respect to the Obligations. To Subject to Section 11.14 of the fullest extent permitted by applicable lawCredit Agreement, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Guaranteed Party may be rescinded by the Administrative Agent or such Lender Guaranteed Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset setoff 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 the Administrative Agent or any other Lender Guaranteed Party, and this the Credit Agreement and the other Loan Documents, Papers and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Majority Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset setoff at any time held by the Administrative Agent or any other Lender Guaranteed Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Guaranteed Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Guarantee Agreement (Centurylink, Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent Collateral Agents or any other Lender Party may be rescinded by the Administrative Agent or such Lender any Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative any Collateral Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Virgin Mobile USA, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor The Parent shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party the US Borrower and without notice to or further assent by any Loan Partythe Parent, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Specified Hedge Agreements, the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any Secured Party shall, except to the extent set forth in, and for the benefit of the parties to, the agreements and instruments governing such Lien have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the pledge contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Direct Parent Stock Pledge Agreement (Vanguard Car Rental Group Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest maximum extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender other Secured Party and any of the Obligations continued, and any of the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, waived, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lendersand/or such other requisite percentage of the Lenders as is required pursuant to Section 14.1 of the Credit Agreement, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of any of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for any of the Obligations or for the guarantee contained in this Section 2 or any property subject thereto, except to the extent required by applicable law.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Sirva Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Guaranteed Party may be rescinded by the Administrative Agent or such Lender Guaranteed Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Guaranteed Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Majority Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Guaranteed Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Guaranteed Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Mirant Corp)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder under this Article X notwithstanding that, without any reservation of rights against any Loan Party such Guarantor, and without notice to or further assent by any Loan Partysuch Guarantor, any demand for payment of or reduction in the principal amount of any of the Secured Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Party Secured Party, as applicable, and any of the Secured Obligations continued, and the Secured Obligations, or the liability of any other Person party upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender such Secured Party, and this Agreement and the other Loan Documents, any other documents executed and delivered in connection therewith, herewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent Lenders (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Secured Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any lien at any time held by it as security for the Secured Obligations or for the guarantee contained in this Article X or any property subject thereto.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Airbnb, Inc.)

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Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor Holdings shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the Credit Agreement, the other Loan Credit Documents, any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations Table of Contents may be sold, exchanged, waived, surrendered or released. Holdings’ obligations hereunder shall not be affected by any failure by the Administrative Agent or any Secured Party to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Guarantee or any property subject thereto.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Language Line Services Holdings, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 any Secured Party, in each case, in accordance with the Administrative Agent terms of this Agreement or any the other Lender PartyLoan Documents, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith or with any of the other Obligations may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Article 11 or any property subject thereto.

Appears in 1 contract

Samples: Debtor in Possession Term Loan Agreement (EveryWare Global, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.

Appears in 1 contract

Samples: 364 Day Bridge Credit Agreement (Gartner Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Party may be rescinded by the Administrative Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Party, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, herewith or therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative any Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released.. 509265-1594-11436-13799415

Appears in 1 contract

Samples: Credit Agreement (World Wrestling Entertainmentinc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder under this Article notwithstanding that, without any reservation of rights against any Loan Party such Guarantor, and without notice to or further assent by any Loan Partysuch Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Party Secured Party, and any of the such Obligations continued, and the any such Obligations, or the liability of any other Person party upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Partythe Secured Parties, and this Agreement and the other Loan Documents, 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 the Required Lenders or all Lenders, as the case may be) Secured Parties may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Party the Secured Parties for the payment of any of the Obligations may be sold, exchanged, waived, surrendered or released. Subject to any applicable law, neither the Agent nor any Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for any of the Obligations or for the guarantee contained in this Article or any property subject thereto.

Appears in 1 contract

Samples: Term Loan Agreement (General Motors Corp)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party other Guarantor and without notice to or further assent by any Loan Partyother Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person Table of Contents person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the Credit Agreement, the other Loan Credit Documents, any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. The obligations hereunder of each Subsidiary Guarantor shall not be affected by any failure by the Administrative Agent or any Secured Party to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Guarantee or any property subject thereto.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Language Line Services Holdings, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, (a) any demand for payment of any of the Obligations made by the Administrative Collateral Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Party party and any of the Obligations continued, and (b) the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Collateral Agent or any other Lender Secured Party, and this Agreement and (c) the Credit Agreement, the other Loan Credit Documents, the Letters of Credit and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time), and (d) any collateral security, guarantee or right of offset at any time held by the Administrative Collateral Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Collateral Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for this Guarantee or any property subject thereto.

Appears in 1 contract

Samples: Revolving Loan Guarantee (South Texas Supply Company, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender PartyLender, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this ‎Section 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Subsidiary Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Subsidiary Guarantor and without notice to or further assent by any Loan PartySubsidiary Guarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person person upon or for any part thereof, or any collateral security or guarantee guaranty 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 the Administrative Agent or any other Lender Secured Party, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) parties thereto may deem reasonably advisable from time to time, and any collateral security, guarantee guaranty or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guaranty contained in this Section 12 or any property subject thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, restated, amended and restated, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all requisite Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto, except to the extent required by applicable law.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Advanced Drainage Systems, Inc.)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, The Borrower and each Guarantor Designated Borrower shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party the Borrower or such Designated Borrower and without notice to or further assent by any Loan Partythe Borrower or such Designated Borrower, any demand for payment of any of the Obligations made by the Administrative any Agent or any other Lender Party may be rescinded by the Administrative such Agent or such Lender Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative any Agent or any other Lender PartyLender, and this Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative any Agent or any other Lender Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent, nor any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Article or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Saratoga Resources Inc /Tx)

Amendments, Etc. With Respect to the Obligations. To the fullest extent permitted by applicable law, each Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Loan Party Guarantor and without notice to or further assent by any Loan PartyGuarantor, any demand for payment of any of the Obligations made by the Administrative Agent or any other Lender Secured Party may be rescinded by the Administrative Agent or such Lender other Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or 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 the Administrative Agent or any other Lender Secured Party, and this the Credit Agreement and the other Loan Documents, Documents and any other documents executed and delivered in connection therewith, therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) and the other parties to such documents that are required in connection therewith may deem reasonably advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Lender Secured Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or releasedreleased in accordance with the Loan Documents and any other documents executed and delivered in connection therewith. Neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Article 2 or any property subject thereto.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

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