Common use of Authorized Actions Clause in Contracts

Authorized Actions. Each Borrower authorizes Agent and Lenders, in its discretion, without notice to such Borrower, irrespective of any change in the financial condition of such Borrower, the other Borrowers or any other guarantor of the Obligations since the date hereof, and without affecting or impairing in any way the liability of such Borrower hereunder, from time to time to (a) create new Obligations, renew, compromise, extend, accelerate or otherwise change the time for payment or performance of, or otherwise change the terms of the 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 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 such Borrower, the other Borrowers, any other guarantor of the Obligations or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial sale; (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Obligations; and (g) assign the Obligations, including this guaranty, or the other Transaction Documents in whole or in part in accordance with the terms of this Loan Agreement.

Authorized Actions. Each Borrower Pledgor authorizes Agent and LendersCollateral Agent, ------------------ in its discretion, without notice to such BorrowerPledgor, irrespective of any change in the financial condition of Issuer or such Borrower, the other Borrowers or any other guarantor of the Obligations Pledgor since the date hereof, and without affecting or impairing in any way the liability of such Borrower Pledgor hereunder, from time to time to (ai) create new 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 Obligations or any part thereof, including increase or decrease of the rate of interest thereon; (bii) take and hold security for the payment or performance of the Obligations and exchange, enforce, waive or release any such security; (ciii) apply such security and direct the order or manner of sale thereof; (div) purchase such security at public or private sale; (ev) otherwise exercise any right or remedy it may have against Issuer, such Borrower, the other Borrowers, any other guarantor of the Obligations Pledgor or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial sale; (fvi) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Obligations; and (gvii) assign the Obligations, including this guarantyStock Pledge Agreement, or the other Transaction Documents Financing Agreements in whole or in part in accordance with (subject to the terms and conditions of this Loan Agreementthe Indenture).

Authorized Actions. Each Borrower Parent authorizes Agent and LendersLender, in its discretion, without notice to such BorrowerParent, irrespective of any change in the financial condition of such Borrower, the other Borrowers Parent or any other guarantor of the Obligations since the date hereof, and without affecting or impairing in any way the liability of such Borrower Parent hereunder, from time to time to (a) create new 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 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 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 such Borrower, the other BorrowersParent, any other guarantor of the Obligations or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial sale; (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Obligations; and (g) assign the Obligations, including this guarantyGuaranty, or the other Transaction Documents in whole or in part in accordance with the terms of this Loan Agreementpart.