Common use of Authorized Actions Clause in Contracts

Authorized Actions. Each Guarantor authorizes the Agent and the Banks in their discretion, without notice to such Guarantor, irrespective of any change in the financial condition of the Borrower, such Guarantor or any other Guarantor since the date hereof, and without affecting or impairing in any way the liability of such Guarantor hereunder, from time to time to (a) create new Guaranteed Obligations and, either before or after receipt of notice of revocation, renew, compromise, extend, accelerate or otherwise change the time for payment or performance of, or otherwise change the terms of the Guaranteed Obligations or any part thereof, including increase or decrease of the rate of interest thereon; (b) take and hold security for the payment or performance of the Guaranteed Obligations and exchange, enforce, waive or release any such security; (c) apply such security and direct the order or manner of sale thereof; (d) purchase such security at public or private sale; (e) otherwise exercise any right or remedy it may have against the Borrower, such Guarantor, any other Guarantor or any security, including, without limitation, the right to foreclose upon any such security by judicial or non- judicial sale; (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Guaranteed Obligations; and (g) subject to Section 21, assign the Guaranteed Obligations, the provisions of this Section 29, or any of the Loan Documents in whole or in part.

Authorized Actions. Each Guarantor Subordinated Creditor authorizes Senior Creditors and/or the Agent and the Banks Collateral Agent, in their discretion, without with prior written notice to such GuarantorSubordinated Creditor, irrespective of any change (including any change in the financial condition of the BorrowerDebtor, such Guarantor Subordinated Creditor, any guarantor or any other Guarantor since the date hereofPerson) or of any other event or circumstance, and without affecting or impairing in any way the liability obligations of such Guarantor Subordinated Creditor or the rights of Senior Creditors hereunder, from time to time to (a) create new Guaranteed Obligations and, either before or after receipt of notice of revocation, renew, compromise, extend, accelerate or otherwise change the time for payment or performance of, or otherwise change the terms of of, the Guaranteed Obligations Senior Debt or any part thereof, including increase or decrease of the rate of interest thereon; (b) take and hold Collateral or other security for the payment or performance of the Guaranteed Obligations Senior Debt and exchange, enforce, waive or release any such Collateral or other security; (c) apply such Collateral or other security and direct the order or manner of sale thereof; (d) purchase such Collateral or other security at public or private sale; (e) otherwise exercise any right or remedy it may have against the BorrowerDebtor, such Guarantorany guarantor, any other Guarantor Person or any Collateral or other security, including, without limitation, including the right to foreclose upon any such security Collateral by judicial or non- non-judicial sale; (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Guaranteed ObligationsSenior Debt; and or (g) subject to Section 21assign any or all of the Senior Debt, assign the Guaranteed Obligations, the provisions of this Section 29Subordination Agreement, or any of the Loan Documents related documents, instruments or agreements in whole or in part.

Authorized Actions. Each Guarantor authorizes the Agent and the Banks Subordinated Creditors authorize Senior Creditor in their its discretion, without notice to such GuarantorSubordinated Creditors, irrespective of any change (including any change in the financial condition of the BorrowerDebtor, such Guarantor Subordinated Creditors, any guarantor or any other Guarantor since the date hereofPerson) or of any other event or circumstance, and without affecting or impairing in any way the liability obligations of such Guarantor Subordinated Creditors or the rights of Senior Creditor hereunder, from time to time to (a) create new Guaranteed Obligations and, either before or after receipt of notice of revocation, renew, compromise, extend, accelerate or otherwise change the time for payment or performance of, or otherwise change the terms of of, the Guaranteed Obligations Senior Debt or any part thereof, including increase or decrease of the rate of interest thereon; (b) take and hold Collateral or other security for the payment or performance of the Guaranteed Obligations Senior Debt and exchange, enforce, waive or release any such Collateral or other security; (c) apply such Collateral or other security and direct the order or manner of sale thereof; (d) purchase such Collateral or other security at public or private sale; (e) otherwise exercise any right or remedy it may have against the BorrowerDebtor, such Guarantorany guarantor, any other Guarantor Person or any Collateral or other security, including, without limitation, including the right to foreclose upon any such security Collateral by judicial or non- judicial nonjudicial sale; (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Guaranteed ObligationsSenior Debt; and or (g) subject to Section 21assign any or all of the Senior Debt, assign the Guaranteed Obligations, the provisions of this Section 29Subordination Agreement, or any of the Loan Documents related documents, instruments or agreements in whole or in part.