Common use of Dealing with the Borrowers or other Obligors Clause in Contracts

Dealing with the Borrowers or other Obligors. It is the intent of the Guarantor and the Guarantee Beneficiaries that the Guarantee Beneficiaries may discontinue, reduce, increase or otherwise vary the credit of the Borrowers and otherwise deal, in the broadest sense of that word, with any Obligor and others, including any other indemnitor or guarantor, as the Guarantee Beneficiaries may see fit, all without prejudice to or in any way limiting or lessening the Guarantor’s liability hereunder and without necessity for obtaining the consent of or giving notice to the Guarantor.

Dealing with the Borrowers or other Obligors. It is the intent of the each Guarantor and the Guarantee Beneficiaries that the Guarantee Beneficiaries may discontinue, reduce, increase or otherwise vary the credit of the Borrowers and otherwise deal, in the broadest sense of that word, with any Obligor and others, including any other indemnitor or guarantor, as the Guarantee Beneficiaries may see fit, all without prejudice to or in any way limiting or lessening the each Guarantor’s liability hereunder and without necessity for obtaining the consent of or giving notice to the any Guarantor.