Common use of Authority to Modify Guaranteed Obligations Clause in Contracts

Authority to Modify Guaranteed Obligations. Each of the Guarantors expressly authorizes the Administrative Agent, the Guaranteed Parties or any one thereof, at any time and from time to time, without notice and without affecting the liability of such Guarantor hereunder, to: 2.17.1 alter the terms of all or any part of the Guaranteed Obligations and any security and guarantees therefor including, without limitation, modification of times for payment and rates of interest and increases to the amount of the Guaranteed Obligations; 2.17.2 accept new or additional instruments, documents, agreements, security or guarantees in connection with all or any part of the Guaranteed Obligations; 2.17.3 accept partial payments on the Guaranteed Obligations; 2.17.4 waive, release, reconvey, terminate, abandon, subordinate, exchange, substitute, transfer, compound, compromise, liquidate and enforce all or any part of the Guaranteed Obligations and any security or guarantee therefor, and apply any such security and direct the order or manner of sale thereof as the Administrative Agent (for the Guaranteed Parties) in its discretion may determine; 2.17.5 release the Borrowers, any Guarantor or any other Person from any personal liability with respect to all or any part of the Guaranteed Obligations; and 2.17.6 otherwise amend the provisions of any one of the Operative Documents including, without limitation, increasing the amount of the Facilities or any constituent part of such Facilities.

Authority to Modify Guaranteed Obligations. Each of the Guarantors expressly authorizes the Administrative Agent, the other Guaranteed Parties or any one thereof, at any time and from time to time, without notice and without affecting the liability of such Guarantor hereunder, to: 2.17.1 alter the terms of all or any part of the Guaranteed Obligations and any security and guarantees therefor including, without limitation, modification of times for payment and rates of interest and increases to the amount of the Guaranteed Obligations; 2.17.2 accept new or additional instruments, documents, agreements, security or guarantees in connection with all or any part of the Guaranteed Obligations; 2.17.3 accept partial payments on the Guaranteed Obligations; 2.17.4 waive, release, reconvey, terminate, abandon, subordinate, exchange, substitute, transfer, compound, compromise, liquidate and enforce all or any part of the Guaranteed Obligations and any security or guarantee therefor, and apply any such security and direct the order or manner of sale thereof as the Administrative Agent (for the Guaranteed Parties) in its discretion may determine; 2.17.5 release the Borrowersa Borrower, any Guarantor or any other Person from any personal liability with respect to all or any part of the Guaranteed Obligations; and 2.17.6 otherwise amend the provisions of any one of the Operative Loan Documents including, without limitation, increasing the amount of the Facilities or any constituent part of such FacilitiesGuaranteed Obligations.

Authority to Modify Guaranteed Obligations. Each of To the Guarantors extent permitted by law, the Guarantor expressly authorizes the Administrative Agent, the Guaranteed Parties or any one thereofLender, at any time and from time to time, time without notice and without affecting the liability of such the Guarantor hereunder, to: 2.17.1 2.10.1 alter the terms of all or any part of the Guaranteed Obligations and any security and guarantees therefor includingguaranties therefor, including without limitation, modification of times for payment and rates payment, provided however that the Lender shall not, without the Guarantor's prior written consent, alter any part of interest and increases to the Guaranteed Obligations which would increase the amount of the Guaranteed Obligationsprincipal amount of the Secured Note, increase the interest rate applicable to the principal amount of the Secured Note or increase the monetary obligations of the Borrower towards the Lender under the Secured Note; 2.17.2 2.10.2 accept new or additional instruments, documents, agreements, security or guarantees guaranties in connection with all or any part of the Guaranteed Obligations; 2.17.3 2.10.3 accept partial payments on of the Guaranteed Obligations; 2.17.4 2.10.4 waive, release, reconvey, terminate, abandon, subordinate, exchange, substitute, transfer, compound, compromise, liquidate and enforce all or any part of the Guaranteed Obligations and any security or guarantee guaranties therefor, and apply any such security and direct the order or manner of sale thereof (and bid and purchase at any such sale), as the Administrative Agent (for the Guaranteed Parties) Lender, in its discretion may determine; 2.17.5 2.10.5 release the BorrowersBorrower, any Guarantor guarantor or any other Person from any personal liability with respect to all or any part of the Guaranteed Obligations; and 2.17.6 2.10.6 otherwise amend modify the provisions of any one of the Operative Documents including, without limitation, increasing the amount of the Facilities or any constituent part of such FacilitiesSecured Note.

Authority to Modify Guaranteed Obligations. Each of To the extent permitted by Law, the Guarantors expressly authorizes authorize the Administrative Lenders and/or the Agent, the Guaranteed Parties or any one thereof, at any time and from time to time, time without notice and without affecting the liability of such Guarantor the Guarantors hereunder, to: 2.17.1 alter the terms of all or any part of the Guaranteed Obligations and any security and guarantees therefor includingtherefor, including without limitation, modification of times for payment and rates of interest and increases to increase in the amount of the Guaranteed Obligations; 2.17.2 accept new or additional instruments, documents, agreements, security or guarantees in connection with all or any part of the Guaranteed Obligations; 2.17.3 accept partial payments on payment of the Guaranteed Obligations; 2.17.4 waive, release, reconvey, terminate, abandon, subordinate, exchange, substitute, transfer, compound, compromise, liquidate and enforce all or any part of the Guaranteed Obligations and any security or guarantee guarantees therefor, and apply any such security and direct the order or manner of sale thereof (and bid and purchase at any such sale), as the Administrative Agent (for Agent, acting in accordance with the Guaranteed Parties) instructions of the Majority Lenders, in its discretion may determine; 2.17.5 release the BorrowersBorrower, any Guarantor or any other Person from any personal liability with respect to all or any part of the Guaranteed Obligations; and; 2.17.6 otherwise amend the provisions of any one of the Operative Documents including, without limitation, increasing Loan Documents; and 2.17.7 assign the amount benefit of this Guarantee in whole or in part to any Person pursuant to Section 19.5 of the Facilities or any constituent part of such FacilitiesCredit Agreement.