Common use of Consents, Waivers and Renewals Clause in Contracts

Consents, Waivers and Renewals. The Guarantor agrees that a Party may at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to it, and may also make any agreement with the Company or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such Party and the Company or any of such other party or person, without in any way impairing or affecting this Guarantee. The Guarantor agrees that a Party may resort to the Guarantor for payment of any of the Obligations, whether or not the Party shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 41 contracts

Samples: Guarantee Agreement (American International Group Inc), General Guarantee Agreement (Aig Sunamerica Life Assurance Co), General Guarantee Agreement (Fs Variable Annuity Account Nine)

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Consents, Waivers and Renewals. The Guarantor agrees that a Party may ------------------------------- at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to it, and may also make any agreement with the Company or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such Party and the Company or any of such other party or person, without in any way impairing or affecting this Guarantee. The Guarantor agrees that a Party may resort to the Guarantor for payment of any of the Obligations, whether or not the Party shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 2 contracts

Samples: General Guarantee Agreement (Variable Annuity Account Five), General Guarantee Agreement (Variable Separate Account of Anchor National Life Insur Co)

Consents, Waivers and Renewals. The Guarantor agrees that a Party the Beneficiary, may at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor Guarantor, extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to itObligations, and may also make any agreement with the Company BSE or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such Party the Beneficiary and the Company BSE or any of such other party or person, without in any way impairing or affecting this GuaranteeGuaranty. The Guarantor agrees that a Party the Beneficiary may resort to the Guarantor for payment or performance of any of the Obligations, whether or not the Party Beneficiary shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 1 contract

Samples: The Letter Agreement (Owens Corning/Fibreboard Asbestos Personal Injury Trust)

Consents, Waivers and Renewals. The Guarantor agrees that a Party may at any time and from time to time, 2 either before or after the maturity thereof, without notice to or further consent of the Guarantor extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to it, and may also make any agreement with the Company or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such Party and the Company or any of such other party or person, without in any way impairing or affecting this Guarantee. The Guarantor agrees that a Party may resort to the Guarantor for payment of any of the Obligations, whether or not the Party shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 1 contract

Samples: Guarantee Agreement (Sai Deferred Compensation Holdings Inc)

Consents, Waivers and Renewals. The Guarantor agrees that a Party may at ------------------------------ any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to it, and may also make any agreement with the Company or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such Party and the Company or any of such other party or person, without in any way impairing or affecting this Guarantee. The Guarantor agrees that a Party may resort to the Guarantor for payment of any of the Obligations, whether or not the Party shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 1 contract

Samples: General Guarantee Agreement (Variable Account II of AGL of Delaware)

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Consents, Waivers and Renewals. The Guarantor agrees that a Party the Beneficiary, may at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor Guarantor, extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to itObligations, and may also make any agreement with the Company Guaranteed Party or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between such the Beneficiary and Guaranteed Party and the Company or any of such other party or person, without in any way impairing or affecting this GuaranteeGuaranty. The Guarantor agrees that a Party the Beneficiary may resort to the Guarantor for payment of any of the Obligations, whether or not the Party Beneficiary shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 1 contract

Samples: Guaranty (Sillerman Robert F X)

Consents, Waivers and Renewals. The Guarantor agrees that a Party the Beneficiary, may at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor Guarantor, extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations owing to itObligations, and may also make any agreement with the Company Bear Xxxxxxx or with any other party to or person liable on any of the Obligations, or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in partparty, or for any modification of the terms thereof or of any agreement between such Party the Beneficiary and the Company Bear Xxxxxxx or any of such other party or person, without in any way impairing or affecting this GuaranteeGuaranty. The Guarantor agrees that a Party the Beneficiary may resort to the Guarantor for payment of any of the Obligations, whether or not the Party Beneficiary shall have resorted to any collateral security, or shall have proceeded against any other obligor principally or secondarily obligated with respect to any of the Obligations.

Appears in 1 contract

Samples: Penn America Group Inc

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