Common use of Compromises Clause in Contracts

Compromises. Holdco may grant discharges, settle by compromise, renounce rights or grant extensions with respect to the Collateral. It may also settle by compromise with the Pledgor and grant any Person extensions without affecting its other rights hereunder.

Appears in 3 contracts

Samples: Share Purchase Agreement (Brascan Corp/), Share Purchase Agreement (Brascan Corp/), Share Pledge Agreement (Falconbridge LTD)

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