Common use of Amendments to Collateral; Waivers Clause in Contracts

Amendments to Collateral; Waivers. Without intending in any manner to derogate from the absolute nature of the assignment granted to the Secured Party by this Agreement or the rights of the Secured Party hereunder, except as otherwise provided in Sections 4.11 and 6.03, and subject to Section 8.1 of the Credit Agreement, without obtaining the prior written consent of the Secured Party (or, if required by the terms of the Loan Documents, such other Persons required to consent thereby) and providing a certificate to the Secured Party on which it may rely confirming that, if required by the terms of the Loan Documents, such other Persons required to consent thereby has been obtained, the Borrower will not agree to any amendment, modification, supplement, termination or surrender which would result in the release of any security interest granted in the Collateral. If, subject to Section 8.1 of the Credit Agreement, any such amendment, modification, supplement or waiver shall be so consented to by the Secured Party (or, if required by the terms of the Loan Documents, such other Persons required to consent thereby), or the provisions of the preceding proviso are applicable, the Borrower agrees, promptly following a request by the Secured Party to do so, to execute and deliver, in its own name and at its own expense, such agreement, instruments, consents and other documents as the Secured Party may deem necessary or appropriate in the circumstances.

Amendments to Collateral; Waivers. Without intending in any manner to derogate from the absolute nature of the assignment granted to the Secured Party by this Agreement or the rights of the Secured Party hereunder, except as otherwise provided in Sections 4.11 and 6.036.03 hereof or pursuant to Section 13 of the Master Loan and Security Agreement, and subject to Section 8.1 of the Credit Agreement, without obtaining the prior written consent of the Secured Party (or, if required by the terms of the Loan Operative Documents, such other Persons required to consent thereby) and providing a certificate to the Secured Party on which it may rely confirming that, if required by the terms of the Loan Operative Documents, such other Persons required to consent thereby has been obtained, the Borrower will not agree to any amendment, modification, supplement, termination or surrender which would result in the release of any security interest granted in the Collateral. If, subject to Section 8.1 of the Credit Agreement, any such amendment, modification, supplement or waiver shall be so consented to by the Secured Party (or, if required by the terms of the Loan Operative Documents, such other Persons required to consent thereby), or the provisions of the preceding proviso are applicable, the Borrower agrees, promptly following a request by the Secured Party to do so, to execute and deliver, in its own name and at its own expense, such agreement, instruments, consents and other documents as the Secured Party may deem necessary or appropriate in the circumstances.