Certain Other Rights. (a) The Guarantor authorizes the Collateral Agent, without notice or demand and without affecting its liability hereunder, from time to time, either before or after revocation hereof, to (i) renew, compromise, extend, accelerate, or otherwise change the time for payment of, or otherwise change the terms of the indebtedness or any part thereof, including increase or decrease of the rate of interest thereon; (ii) receive and hold security for the payment of the Obligations, and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (iii) apply such security and direct the order or manner of sale thereof as the Collateral Agent in its discretion may determine; and (iv) release or substitute any one or more of the endorsers or guarantors. (b) The Guarantor waives any right to require the Collateral Agent to (i) proceed against the Borrower;
Appears in 3 contracts
Samples: Subsidiary Guarantee Agreement (River Holding Corp), Subsidiary Guarantee Agreement (Century Maintenance Supply Inc), Holding Guarantee Agreement (Hudson Respiratory Care Inc)
Certain Other Rights. (a) The Guarantor authorizes Pledgors authorize the Collateral Agent, without notice or demand and without affecting its their liability hereunder, from time to time, either before or after revocation hereof, to (i) renew, compromise, extend, accelerate, or otherwise change the time for payment of, or otherwise change the terms of the indebtedness or any part thereof, including increase or decrease of the rate of interest thereon; (ii) receive and hold security for the payment of the Obligations, and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (iii) apply such security and direct the order or manner of sale thereof as the Collateral Agent in its discretion may determine; and (iv) release or substitute any one or more of the endorsers or guarantors.
(b) The Guarantor waives Pledgors waive any right to require the Collateral Agent to (i) proceed against the Borrower;
Appears in 2 contracts
Samples: Pledge Agreement (Century Maintenance Supply Inc), Pledge Agreement (Hudson Respiratory Care Inc)
Certain Other Rights. (a) The Guarantor authorizes Grantors authorize the Collateral Agent, without notice or demand and without affecting its their liability hereunder, from time to time, either before or after revocation hereof, to (i) renew, compromise, extend, accelerate, or otherwise change the time for payment of, or otherwise change the terms of the indebtedness or any part thereof, including increase or decrease of the rate of interest thereon; (ii) receive and hold security for the payment of the Obligations, and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (iii) apply such security and direct the order or manner of sale thereof as the Collateral Agent in its discretion may determine; and (iv) release or substitute any one or more of the endorsers or guarantors.
(b) The Guarantor waives Grantors waive any right to require the Collateral Agent to (i) proceed against the Borrower;
Appears in 1 contract
Samples: Security Agreement (Century Maintenance Supply Inc)