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

Amendments, Etc. With Respect to the Obligations. The obligations of the Guarantor under this Guarantee shall remain in full force and effect without regard to, and shall not be released, altered, exhausted, discharged or in any way affected by any circumstance or condition (whether or not the Borrowers shall have any knowledge or notice thereof), including without limitation (i) any amendment or modification of or supplement to the Loan Agreement, the Note, or any other Loan Document, or any obligation, duty or agreement of the Borrowers or any other Person thereunder or in respect thereof, (ii) any assignment or transfer in whole or in part of any of the Obligations, (iii) any furnishing or acceptance of any direct or indirect security or guaranty, or any release of or non-perfection or invalidity of any direct or indirect security or guaranty, for any of the Obligations, (iv) any waiver, consent, extension, renewal, indulgence, settlement, compromise or other action or inaction under or in respect of the Loan Agreement, the Note, or any other Loan Document, or any exercise or nonexercise of any right, remedy, power or privilege under or in respect of any such instrument (whether by operation of law or otherwise), (v) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or similar proceeding with respect to the Borrowers or any other Person (other than the Guarantor) or any of their respective properties or creditors or any resulting release or discharge of any Obligations, (vi) the voluntary or involuntary sale or other disposition of all or substantially all the assets of the Borrowers or any other Person, (vii) the voluntary or involuntary liquidation, dissolution or termination of the Borrowers or any other Person, (viii) any invalidity or unenforceability, in whole or in part, of any term hereof or of the Loan Agreement, the Note, or any other Loan Document, or any obligation, duty or agreement of the Borrowers or any other Person (other than the Guarantor) thereunder or in respect thereof, or any provision of any applicable law or regulation purporting to prohibit the payment or performance by the Borrowers or any other Person (other than the Guarantor) of any Obligations, (ix) any failure on the part of the Borrowers or any other Person for any reason to perform or comply with any term of the Loan Agreement, the Note, or any other Loan Document or any other agreement, or (x) any other act, omission or occurrence whatsoever, whether similar or dissimilar to the foregoing. The Guarantor authorizes the Borrowers, each other guarantor in respect of Obligations and the Bank at any time in its discretion, as the case may be, to alter any of the terms of Obligations.

Amendments, Etc. With Respect to the Obligations. The obligations of the Guarantor under this Guarantee shall remain in full force and effect without regard to, and shall not be released, altered, exhausted, discharged or in any way affected by any circumstance or condition (whether or not the Borrowers shall have any knowledge or notice thereof), including without limitation (i) any amendment or modification of or supplement to the Loan Agreement, the Note, or any other Loan Document, or any obligation, duty or agreement of the Borrowers or any other Person thereunder or in respect thereof, (ii) any assignment or transfer in whole or in part of any of the Obligations, (iii) any furnishing or acceptance of any direct or indirect security or guaranty, or any release of or non-perfection or invalidity of any direct or indirect security or guaranty, for any of the Obligations, (iv) any waiver, consent, extension, renewal, indulgence, settlement, compromise or other action or inaction under or in respect of the Loan Agreement, the Note, or any other Loan Document, or any exercise or nonexercise of any right, remedy, power or privilege under or in respect of any such instrument (whether by operation of law or otherwise), (v) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or similar proceeding with respect to the Borrowers or any other Person (other than the Guarantor) or any of their respective properties or creditors or any resulting release or discharge of any Obligations, (vi) the voluntary or involuntary sale or other disposition of all or substantially all the assets of the Borrowers or any other PersonPerson (other than the Guarantor), (vii) the voluntary or involuntary liquidation, dissolution or termination of the Borrowers or any other PersonPerson (other than the Guarantor), (viii) any invalidity or unenforceability, in whole or in part, of any term hereof or of the Loan Agreement, the Note, or any other Loan Document, or any obligation, duty or agreement of the Borrowers or any other Person (other than the Guarantor) thereunder or in respect thereof, or any provision of any applicable law or regulation purporting to prohibit the payment or performance by the Borrowers or any other Person (other than the Guarantor) of any Obligations, (ix) any failure on the part of the Borrowers or any other Person for any reason to perform or comply with any term of the Loan Agreement, the Note, or any other Loan Document or any other agreement, or (x) any other act, omission or occurrence whatsoever, whether similar or dissimilar to the foregoing. The Guarantor authorizes the Borrowers, each other guarantor in respect of Obligations and the Bank at any time in its discretion, as the case may be, to alter any of the terms of Obligations.