Common use of Certain Permitted Actions Clause in Contracts

Certain Permitted Actions. The Administrative Agent or any other Lender Party may, from time to time, at its sole discretion and without notice to any Subsidiary Guarantor, take any or all of the following actions without affecting the obligations of the undersigned hereunder: (a) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the undersigned, with respect to any of the Liabilities, (b) extend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), alter or exchange any of the Liabilities, or release or compromise any obligation of any of the undersigned hereunder or any obligation of any nature of any other obligor with respect to any of the Liabilities, and (c) resort to the undersigned (or any of them) for payment of any of the Liabilities when due, whether or not the Administrative Agent or such other Lender Party shall have proceeded against any other of the undersigned, the Company or any other obligor primarily or secondarily obligated with respect to any of the Liabilities.

Certain Permitted Actions. The Administrative Agent or any other Lender Party may, from time to time, at its sole discretion and without notice to the Borrower or any Subsidiary Guarantor, take any or all of the following actions without affecting the obligations of the undersigned hereunder: (a) retain or obtain the primary or secondary obligation of any obligor or obligors, join additional Guarantors as parties to this Agreement in addition to the undersigned, accordance with respect to any Section 5.11 of the LiabilitiesCredit Agreement, (b) extend or renew any of the Liabilities Guaranteed Obligations for one or more periods (whether or not longer than the original period), alter or exchange any of the LiabilitiesGuaranteed Obligations, or release or compromise any obligation of any of the undersigned hereunder or any obligation of any nature of any other obligor with respect to any of the LiabilitiesGuaranteed Obligations, and (c) resort to the undersigned (or any of them) for payment of any of the Liabilities Guaranteed Obligations when due, whether or not the Administrative Agent or such other Lender Party shall have proceeded against any other of the undersigned, the Company Borrower or any other obligor primarily or secondarily obligated with respect to any of the LiabilitiesGuaranteed Obligations.

Certain Permitted Actions. The Administrative Agent or any other Lender Party may, from time to time, at its sole discretion and without notice to the undersigned (or any Subsidiary Guarantorof them), take any or all of the following actions without affecting the obligations of the undersigned hereunder: (a) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the undersigned, with respect to any of the Liabilities, (b) extend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), alter or exchange any of the Liabilities, or release or compromise any obligation of any of the undersigned hereunder or any obligation of any nature of any other obligor with respect to any of the Liabilities, and (c) resort to the undersigned (or any of them) for payment of any of the Liabilities when due, whether or not the Administrative Agent or such other Lender Party shall have proceeded against any other of the undersigned, the Company undersigned or any other obligor primarily or secondarily obligated with respect to any of the Liabilities.

Certain Permitted Actions. The Administrative Agent or any other Lender Party may, from time to time, at its sole discretion and without notice to the undersigned (or any Subsidiary Guarantorof them), take any or all of the following actions without affecting the obligations of the undersigned hereunder: (a) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the undersigned, with respect to any of the Liabilities, (b) extend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), alter or exchange any of the Liabilities, or release or compromise any obligation of any of the undersigned hereunder or any obligation of any nature of any other obligor with respect to any of the Liabilities, and (c) resort to the undersigned (or any of them) for payment of any of the Liabilities when due, whether or not the Administrative Agent or such other Lender Party shall have proceeded against any other of the undersigned, the Company undersigned or any other obligor primarily or secondarily obligated with respect to any of the Liabilities.