Common use of AUTHORIZATIONS TO SECURED PARTY Clause in Contracts

AUTHORIZATIONS TO SECURED PARTY. Pledgor authorizes Secured Party either before or after revocation hereof, without notice or demand and without affecting Pledgor's liability hereunder, from time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Obligations or any part thereof; (b) take and hold security, other than the Pledged Owner's Shares, for the payment of the Obligations or any part thereof and exchange, enforce, waive and release the Pledged Owner's Shares, or any part thereof, or any such other security; (c) apply the Pledged Owner's Shares or any other security and direct the order or manner of sale thereof, including without limitation, a non-judicial sale permitted by the terms of this Agreement, as Secured Party in its discretion may determine; (d) release or substitute any one or more of the endorsers or guarantors of the Obligations, or any part thereof, or any other parties thereto; and (e) apply payments received by Secured Party from Tenant or Pledgor to any Obligations of Tenant or Pledgor to Secured Party, in such order as Secured Party shall determine in its sole discretion, whether or not any such Obligations is covered by this Agreement, and Pledgor hereby waives any provision of law regarding application of payments which specifies otherwise.

AUTHORIZATIONS TO SECURED PARTY. Pledgor authorizes Secured Party either before or after revocation hereof, without notice or demand and without affecting Pledgor's liability hereunder, from time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Obligations or any part thereof; (b) take and hold security, other than the Pledged Owner's Shares, for the payment of the Obligations or any part thereof and exchange, enforce, waive and release the Pledged Owner's Shares, or any part thereof, or any such other security; (c) apply the Pledged Owner's Shares or any other security and direct the order or manner of sale thereof, including without limitation, a non-judicial sale permitted by the terms of this Agreement, as Secured Party in its discretion may determine; (d) release or substitute any one or more of the endorsers or guarantors of the Obligations, or any part thereof, or any other parties thereto; and (e) apply payments received by Secured Party from Tenant or Pledgor to any Obligations of Tenant or Pledgor to Secured Party, in such order as Secured Party shall determine in its sole discretion, whether or not any such Obligations is covered by this Agreement, and Pledgor hereby waives any provision of law regarding application of payments which specifies otherwise.

AUTHORIZATIONS TO SECURED PARTY. Pledgor authorizes Secured Party either before or after revocation hereof, without notice or demand and without affecting Pledgor's liability hereunder, from time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Obligations or any part thereof; (b) take and hold security, other than the Pledged OwnerLandlord's Shares, for the payment of the Obligations or any part thereof and exchange, enforce, waive and release the Pledged OwnerLandlord's Shares, or any part thereof, or any such other security; (cb) after an Event of Default, apply the Pledged OwnerLandlord's Shares or any other security and direct the order or manner of sale thereof, including without limitation, a non-judicial sale permitted by the terms of this Agreement, as Secured Party in its discretion may determine; (dc) release or substitute any one or more of the endorsers or guarantors of the Obligations, or any part thereof, or any other parties thereto; and (ed) apply payments received by Secured Party from Tenant or Pledgor to any Obligations of Tenant or Pledgor to Secured Party, in such order as Secured Party shall determine in its sole discretion, whether or not any such Obligations is covered by this Agreement, and Pledgor Xxxxxxx hereby waives any provision of law regarding application of payments which specifies otherwise.

AUTHORIZATIONS TO SECURED PARTY. Pledgor authorizes Secured Party either before or after revocation hereof, without notice or demand and without affecting Pledgor's liability hereunder, from time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Obligations or any part thereof; (b) take and hold security, other than the Pledged Owner's SharesUnits, for the payment of the Obligations or any part thereof and exchange, enforce, waive and release the Pledged Owner's SharesUnits, or any part thereof, or any such other security; (c) apply the Pledged Owner's Shares Units or any other security and direct the order or manner of sale thereof, including without limitation, a non-judicial sale permitted by the terms of this Agreement, as Secured Party in its discretion may determine; (d) release or substitute any one or more of the endorsers or guarantors of the Obligations, or any part thereof, or any other parties thereto; and (e) apply payments received by Secured Party from Tenant or Pledgor Lessee to any Obligations of Tenant or Pledgor Lessee to Secured Party, in such order as Secured Party shall determine in its sole discretion, whether or not any such Obligations is covered by this Agreement, and Pledgor hereby waives any provision of law regarding application of payments which specifies otherwise.

AUTHORIZATIONS TO SECURED PARTY. Pledgor authorizes Secured Party either before or after revocation hereof, without notice or demand and without affecting Pledgor's liability hereunder, from time to time to: (a) alter, compromise, renew, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Obligations or any part thereof; (b) take and hold security, other than the Pledged OwnerLandlord's Shares, for the payment of the Obligations or any part thereof and exchange, enforce, waive and release the Pledged OwnerLandlord's Shares, or any part thereof, or any such other security; (cb) after an Event of Default, apply the Pledged OwnerLandlord's Shares or any other security and direct the order or manner of sale thereof, including without limitation, a non-judicial sale permitted by the terms of this Agreement, as Secured Party in its discretion may determine; (dc) release or substitute any one or more of the endorsers or guarantors of the Obligations, or any part thereof, or any other parties thereto; and (ed) apply payments received by Secured Party from Tenant or Pledgor to any Obligations of Tenant or Pledgor to Secured Party, in such order as Secured Party shall determine in its sole discretion, whether or not any such Obligations is covered by this Agreement, and Pledgor hereby waives any provision of law regarding application of payments which specifies otherwise.