Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up security (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers under this Agreement or the other Documents or under any of the Security or any other collateral security.
Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up securities (including, without limitation, the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrower and other Parties and with security (including without limitation, the Security and each part thereof) as the Agent may see fit, and may, subject to Section 10.3, apply all amounts received from the Borrower or others or from securities (including without limitation, the Security or any part thereof) upon such part of the liabilities of the Borrower hereunder or under any of the Security as the Agent may think best, without prejudice to or in any way limiting the liability of the Borrower under this Agreement or under any of the Security or any other collateral security.
Dealing with Security. 8.1 The Customer must not:
a) sell, lease or dispose of, or permit the sale, lease or disposal of, any Collateral, or permit to subsist any other security in relation to any Collateral other than Collateral which is subject to a purchase money security interest without the written consent of the Supplier;
b) do, or omit to do, or allow to be done or omitted to be done, anything which might adversely affect any interest(s) it has in the Collateral or the security interest or charge provided for under these Credit Terms;
c) allow any Collateral to become an accession to any property that is not Collateral, or to be affixed to any land;
d) create or permit to subsist any security interest over the whole or any part of the Collateral, except:
(i) a lien arising by operation of law and securing obligations that are not overdue;
(ii) a purchase money security interest in any present or after-acquired Goods (which may extend to any Proceeds of those Goods) taken by the seller of those Goods as part of an ordinary trading transaction that is:
(I) created solely in the ordinary course of business on arm's length commercial terms and for proper value; and
(II) in respect of obligations that are not overdue; or
(III) in favour of the Supplier;
(iii) any subsequent security interest granted by the Customer, provided the Customer seeks the prior written consent of the Supplier which consent will not be unreasonably withheld.
e) change its entity or trading name without first notifying the Supplier of the new name not less than 14 days before the change takes effect;
f) change its place of incorporation (if the Customer is a company) or relocate the principal place of business of the Customer outside Australia;
g) move any of the Goods and/or Collateral outside Australia, without written consent of the Supplier; or
h) allow any accounts to be subject to any right of set-off or combination of accounts (other than rights that arise solely by operation of law).
Dealing with Security. The Agent on behalf of the Lender Secured Parties may grant extensions of time or other indulgences, take and give up securities (including the Security Documents or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with any Obligor, other Lender Secured Parties and others and with the Security Documents and each part thereof as the Agent (on behalf of the Lender Secured Parties and subject to the terms of the Collateral Agency and Intercreditor Agreement) may see fit, and may, subject to Section 7.6, apply all amounts received from any Obligor or others or from securities upon such part of the liabilities of the Borrower hereunder or under any of the Security Documents as the Agent may direct, without prejudice to or in any way limiting the liability of the Obligors under the Loan Documents or any other collateral security.
Dealing with Security. The Holder may grant renewals, extensions of time and other indulgences, take, release and give up securities, accept compositions, grant releases and discharges, perfect or fail to perfect any securities, release the Mortgaged Property and otherwise deal or fail to deal with the Corporation, debtors of the Corporation, guarantors, sureties and others and with the Mortgaged Property and other securities as the Holder may see fit, all without prejudice to the liability of the Corporation to the Holder or the Holder’s rights and powers under this Debenture.
Dealing with Security. The Lender may grant extensions of time or other indulgences, take and give up securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrower and other parties and with security (including without limitation, the Security and each part thereof) as the Lender may see fit, without prejudice to or in any way limiting the liability of the Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.
Dealing with Security. The Lenders may grant extensions, take and give up any Security, accept compositions, grant releases and discharges of any Security in whole or in part and otherwise deal with the Borrower, any Guarantor or any other Persons, sureties or Security, as the Lenders may see fit, all without prejudice to the liability of the Borrower or any Guarantor or the Lenders' rights under this Agreement or under any Security. The taking of any Security under this Agreement shall not operate by way of merger of any of the Obligations, the Operating Obligations or the Lender Risk Management Obligations.
Dealing with Security. Subject to Section 16.10(b)(vii), the Agent on behalf of the Lender Secured Parties may grant extensions of time or other indulgences, take and give up securities (including the Security Documents or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with any Obligor, the Agent, other Lender Secured Parties and others and with the Security and each part thereof as the Agent may see fit, and may, subject to Section 7.6, apply all amounts received from any Obligor or others or from securities (including the Security or any part thereof) upon such part of the liabilities of the Borrower hereunder or under any of the Security as the Agent may direct, without prejudice to or in any way limiting the liability of the Obligors under the Loan Documents or any other collateral security.
Dealing with Security. (a) The Holder may grant renewals, extensions of time and other indulgences, take, release and give up securities, accept compositions, grant releases and discharges, perfect or fail to perfect any securities, release the Mortgaged Property to third parties and otherwise deal or fail to deal with the Debtor, debtors of the Debtor, guarantors, sureties and others and with the Mortgaged Property and other securities as the Holder may see fit, all without prejudice to the liability of the Debtor to the Holder or the Holder's rights and powers under this Debenture.
(b) Nothing in this Debenture shall be construed as requiring the Holder to exercise all or any of its possession or realization rights hereunder in respect of all or any particular part of the Debtor's property as the Holder may determine in its sole discretion, and the Holder may specifically elect not to take possession or control over, or appoint a Receiver in respect of, any such assets while exercising any or all remedies available to it in respect of any other Mortgaged Property. Without limiting the generality of the foregoing, the Holder may elect to exercise its possession and realization rights against the Debtor's personal property and not its real property, or any particular portion of such real property, without prejudice to its ability to subsequently assert such rights. The Holder may also, of its own volition, release or discharge from the lien hereof any Mortgaged Property that it desires to release to the Debtor, and the Debtor covenants to accept such release and execute any acknowledgements as the Holder may require in respect thereof.
Dealing with Security. The Administrative Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up securities (including, without limitation, the Security or any part or parts thereof), accept compositions, grant releases, postponements and discharges and otherwise deal with the Borrower and Restricted Subsidiaries and other parties and with securities (including without limitation, the Security and each part thereof) as the Administrative Agent may see fit, and may, subject to Section 14.1, apply all amounts received from the Borrower or others or from securities (including without limitation, the Security or any part thereof) upon such part of the liabilities of the Borrower and Restricted Subsidiaries hereunder or under any of the Security as the Administrative Agent may think best, without prejudice to or in any way limiting the liability of the Borrower or any Restricted Subsidiary under this Agreement or under any of the Security or any other collateral security. To give effect to the requirement to provide fixed security pursuant to Sections 12.1(a), the Borrower and Restricted Subsidiaries constitute and appoint, the Administrative Agent the true and lawful attorney of each of them with power of substitution to grant such fixed security from time to time, including without limitation, attaching to the debentures of each Borrower and Restricted Subsidiaries as Schedule "A", from time to time, a land schedule setting forth the petroleum and natural gas assets selected by the Administrative Agent in which event such assets will without any further action be subject to the fixed charges and will be subject to all of the terms and conditions thereof as if the same had been so included in Schedule "A" of the debentures at the time they were executed and delivered, and all such acts so taken by the Administrative Agent are ratified and confirmed by the Borrower and Restricted Subsidiaries. This power of attorney is a power coupled with an interest and will be irrevocable.
