Common use of Authorized Actions Clause in Contracts

Authorized Actions. Each Subsidiary Grantor authorizes Collateral Agent and the Investors, in their discretion, without notice to such Subsidiary Grantor, irrespective of any change in the financial condition of such Subsidiary Grantor, the other Subsidiary Grantors or any other guarantor of the Obligations, and without affecting or impairing in any way the liability of such Subsidiary Grantor 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 Subsidiary Grantor, the other Subsidiary Grantors, 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, or the other Transaction Documents in whole or in part.

Authorized Actions. Each Subsidiary Grantor Guarantor authorizes Collateral the Agent and the Investors, Banks in their discretion, without notice to such Subsidiary GrantorGuarantor, irrespective of any change in the financial condition of the Borrower, such Subsidiary Grantor, the other Subsidiary Grantors Guarantor or any other guarantor of Guarantor since the Obligationsdate hereof, and without affecting or impairing in any way the liability of such Subsidiary Grantor Guarantor hereunder, from time to time to (a) create new ObligationsGuaranteed 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 Subsidiary Grantor, the other Subsidiary GrantorsGuarantor, any other guarantor of the Obligations Guarantor or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial 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 other Transaction Loan Documents in whole or in part.

Authorized Actions. Each Subsidiary Grantor authorizes Collateral Agent and the InvestorsPurchasers, in their discretion, without notice to such Subsidiary Grantor, irrespective of any change in the financial condition of such Subsidiary Grantor, the other Subsidiary Grantors or any other guarantor of the Obligations, and without affecting or impairing in any way the liability of such Subsidiary Grantor 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 Subsidiary Grantor, the other Subsidiary Grantors, 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, or the other Transaction Documents in whole or in part.

Authorized Actions. Each Subsidiary Grantor Guarantor authorizes Collateral the Agent and the Investors, Lenders in their discretion, without notice to such Subsidiary GrantorGuarantor, irrespective of any change in the financial condition of the Borrowers, such Subsidiary Grantor, the other Subsidiary Grantors Guarantor or any other guarantor of Guarantor since the Obligationsdate hereof, and without affecting or impairing in any way the liability of such Subsidiary Grantor Guarantor hereunder, from time to time to (a) create new ObligationsGuaranteed 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 Borrowers, such Subsidiary Grantor, the other Subsidiary GrantorsGuarantor, any other guarantor of the Obligations Guarantor or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial 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 other Transaction Loan Documents in whole or in part.

Authorized Actions. Each Subsidiary Grantor Borrower authorizes Collateral Agent and the InvestorsBanks, in their discretion, without notice to such Subsidiary GrantorBorrower, irrespective of any change in the financial condition of such Subsidiary Grantor, the other Subsidiary Grantors Borrower, such Borrower or any other guarantor of the ObligationsOther Obligations since the date hereof, and without affecting or impairing in any way the liability of such Subsidiary Grantor Borrower hereunder, from time to time to (a) create new Obligations, Other Obligations and renew, compromise, extend, accelerate or otherwise change the time for payment or performance of, or otherwise change the terms of the Other 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 Other 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 Subsidiary Grantor, the other Subsidiary GrantorsBorrower, such Borrower, any other guarantor of the Other Obligations or any security, including, without limitation, the right to foreclose upon any such security by judicial or nonjudicial sale; and (f) settle, compromise with, release or substitute any one or more makers, endorsers or guarantors of the Other Obligations; and provided, however, that neither Borrower shall be required to provide any security for the Obligations except to the extent required by other provisions of this Agreement (g) assign the Obligations, or the other Transaction Documents in whole or in part.than this Paragraph 8.03))