Common use of Consents, Waivers and Renewals Clause in Contracts

Consents, Waivers and Renewals. Guarantor agrees that Beneficiary or PC may, at any time and from time to time, without notice to or consent of Guarantor and without impairing, reducing or releasing this Guaranty or the obligations of Guarantor hereunder: (1) extend the time of payment of any Obligations or take, exchange or surrender any collateral or security for any Obligations or renew, make any change in the terms of any Guaranteed Contracts, Obligations or liability of Company or Guarantor to Beneficiary or PC, (2) take or fail to take any action of any kind in respect of any security for any Obligation or liability of Company or Guarantor to Beneficiary or PC, (3) waive or release or exercise or refrain from exercising any rights against Company or Guarantor or others, (4) create, renew, modify, discharge, release, compromise or subordinate any Guaranteed Contracts, Obligations or any liability of Company or Guarantor or any other person to Beneficiary or PC or any security therefor, or (5) enter into, amend, replace or release any agreement effecting or modifying any of the foregoing.

Consents, Waivers and Renewals. Guarantor agrees that Beneficiary or PC Counterparty may, at any time and from time to time, without notice to or consent of Guarantor and without impairing, reducing or releasing this Guaranty or the obligations of Guarantor hereunder: (1) extend the time of payment of any Obligations or take, exchange or surrender any collateral or security for any Obligations or renew, renew or make any change in the terms of any Guaranteed Contracts, Obligations or liability of Company or Guarantor to Beneficiary or PCCounterparty, (2) take or fail to take any action of any kind in respect of any security for any Obligation or liability of Company or Guarantor to Beneficiary or PCCounterparty, (3) waive or release or exercise or refrain from exercising any rights against Company or Guarantor or others, (4) create, renew, modify, discharge, release, compromise or subordinate any Guaranteed Contracts, Obligations or any liability of Company or Guarantor or any other person to Beneficiary or PC Counterparty or any security therefor, or (5) enter into, amend, replace or release any agreement effecting or modifying any of the foregoing.

Consents, Waivers and Renewals. Guarantor agrees that Beneficiary or PC may, at any time and from time to time, without notice to or consent of Guarantor and without impairing, reducing or releasing this Guaranty Agreement or the obligations of Guarantor hereunder: (1) extend the time of payment of any Obligations or take, exchange or surrender any collateral or security for any Obligations or renew, renew or make any change in the terms of any Guaranteed Contracts, Obligations or any other liability of Company or Guarantor to Beneficiary or PCBeneficiary, (2) take or fail to take any action of any kind in respect of any security for any Obligation Obligations or other liability of Company or Guarantor to Beneficiary or PCBeneficiary, (3) waive or release or exercise or refrain from exercising any rights against Company or Guarantor or others, (4) assign, create, renew, modify, replace, discharge, release, compromise or subordinate the Agreement, any Guaranteed Contracts, Obligations or any other liability of Company or Guarantor or any other person to Beneficiary or PC or any security therefor, or (5) enter into, amend, replace or release any agreement effecting or modifying any of the foregoing.