Common use of Consents, Waivers and Renewals Clause in Contracts

Consents, Waivers and Renewals. The Guarantor agrees that the Bank 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 or renew any of the Obligations or the AA Facility and may also make any agreement with the Borrower 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 Bank and the Borrower, without in any way impairing or affecting this Guarantee. The Guarantor acknowledges, consents and approves the terms of the Omolon Facility, including, without limitation, those terms thereof which subordinate, capitalize interest or otherwise defer payment under the Omolon Facility.