Common use of Consents, Waivers and Renewals Clause in Contracts

Consents, Waivers and Renewals. The Guarantor agrees that the Beneficiary may at any time and from time to time, either before or after maturity thereof, without notice to or further consent of the Guarantor, extend the time of payment of any payment obligations under the Agreements, exchange or surrender any collateral therefor, or renew the Agreements, and may also make any agreement with HQUS or with any other party to, or person liable for, or any of the obligations contemplated in the Agreements, 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 the Beneficiary and HQUS or any such other party or person, without in any way impairing or affecting this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of the Agreements, whether or not the 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 in virtue of the Agreements.

Appears in 4 contracts

Samples: Transmission Service Agreement (Avangrid, Inc.), Transmission Service Agreement (Avangrid, Inc.), Additional Transmission Service Agreement (Avangrid, Inc.)

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Consents, Waivers and Renewals. The Guarantor agrees that the Beneficiary may at any time and from time to time, either before or after maturity thereof, without notice to or further consent of the Guarantor, extend the time of payment of any payment obligations under the AgreementsAgreement, exchange or surrender any collateral therefor, or renew the AgreementsAgreement, and may also make any agreement with HQUS or with any other party to, or person liable for, or any of the obligations contemplated in the AgreementsAgreement, 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 the Beneficiary and HQUS or any such other party or person, without in any way impairing or affecting this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of the AgreementsAgreement, whether or not the 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 in virtue of the AgreementsAgreement.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Consents, Waivers and Renewals. The Guarantor agrees that the Beneficiary 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, extend the time of payment of any payment obligations under the Agreementsof, exchange or surrender any collateral thereforfor, or renew any of the AgreementsObligations, and may also make any agreement with HQUS Counterparty or with any other party to, to or person liable for, or on any of the obligations contemplated in the AgreementsObligations, 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 the Beneficiary and HQUS Counterparty or any such other party or person, without in any way impairing or affecting this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of any of the AgreementsObligations, whether or not the 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 in virtue of Obligations. [***] Confidential information has been omitted and filed separately with the AgreementsSecurities and Exchange Commission pursuant to a confidential treatment request.

Appears in 3 contracts

Samples: Energy Management Agreement (MMC Energy, Inc.), Energy Management Agreement (MMC Energy, Inc.), Energy Management Agreement (MMC Energy, Inc.)

Consents, Waivers and Renewals. The Guarantor agrees that the Beneficiary may at any time and from time to time, either before or after maturity thereof, without notice to or further consent of the Guarantor, extend the time of payment of any payment obligations under the AgreementsAgreement, exchange or surrender any collateral therefor, or renew the AgreementsAgreement, and may also make any agreement with HQUS or with any other party to, or person liable for, or any of the obligations contemplated in the AgreementsAgreement, 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 the Beneficiary and HQUS or any such other party or person, without in any way impairing or affecting this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of the AgreementsAgreement, whether or not the 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 in virtue of the AgreementsAgreement. Section 4.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Consents, Waivers and Renewals. The Without limiting the provisions of Section 1 hereof with respect to the termination of this Guarantee and Guarantor's maximum liability hereunder, Guarantor agrees that 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, extend the time of payment of any payment obligations under the Agreementsof, exchange or surrender any collateral thereforfor, or renew any of the AgreementsObligations, and may also make any agreement with HQUS or with any other party to, or person liable for, or any of the obligations contemplated in the Agreements, or interested therein, Company 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 the Beneficiary and HQUS Company or any such other party or person, without in any way impairing or affecting this GuarantyGuarantee. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of any of the AgreementsObligations, whether or not the 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 in virtue of the Agreements.Obligations. Gas Sale and Purchase Contract (December 1, 2004)

Appears in 1 contract

Samples: Service Agreement (Progress Energy Inc)

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Consents, Waivers and Renewals. The Guarantor agrees that the Beneficiary 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, extend the time of payment of any payment obligations under the Agreementsof, exchange or surrender any collateral thereforfor, or renew any of the AgreementsObligations, and may also make any agreement with HQUS Bear Stearns or with any other party to, to or person liable for, or any xx xxx of the obligations contemplated in the AgreementsObligations, 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 the Beneficiary and HQUS Bear Stearns or any such other party or person, without in any way wax impairing or affecting the Guarantor's obligations under this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of any of the AgreementsObligations, whether or not the 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 in virtue of the AgreementsObligations.

Appears in 1 contract

Samples: Criimi Mae Inc

Consents, Waivers and Renewals. The (a) Guarantor agrees that the Beneficiary 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, extend the time of payment of any payment obligations under the Agreementsof, exchange or surrender any collateral thereforfor, or renew any of the AgreementsAgreement Obligations, and may also make any agreement with HQUS Counterparty or with any other party to, to or person liable for, or on any of the obligations contemplated in the AgreementsAgreement 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 the Beneficiary and HQUS Counterparty or any such other party or person, without in any way impairing or affecting this Guaranty. The Guarantor agrees that the Beneficiary may resort to the Guarantor for payment in virtue of any of the AgreementsAgreement Obligations, whether or not the 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 in virtue of the AgreementsAgreement Obligations.

Appears in 1 contract

Samples: Guaranty

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