Common use of Changes in Senior Indebtedness Clause in Contracts

Changes in Senior Indebtedness. Any holder of Senior Indebtedness may at any time and from time to time without the consent of or notice to any Securityholder or the Trustee: (i) extend, renew, modify, waive or amend the terms of the Senior Indebtedness; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any guarantor or any other person (except the Company) liable in any manner for the Senior Indebtedness or amend or waive the terms of any guaranty of the Senior Indebtedness; (iv) exercise or refrain from exercising any rights against the Company or any other person; (v) apply any sums by whomever paid or however realized to Senior Indebtedness; and (vi) take any other action which otherwise might be deemed to impair the rights of the holders of the Senior Indebtedness. Any and all of such actions may be taken by the holders of Senior Indebtedness without incurring responsibility to any Securityholder or the Agent and, subject to the provisions of the definition of Senior Indebtedness, without impairing or releasing the obligations of any Securityholder or the Trustee under this Article X.