Common use of Dealings with Parties Clause in Contracts

Dealings with Parties. LHC shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligations, in such manner as LHC shall reasonably decide, and accordingly each Guarantor grants to LHC full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially the Borrower or any general partner/managing member or any other guarantor or obligor of the obligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner and/or managing member and/or any other guarantor, and if the obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guarantors’ obligations under this Guaranty.

Dealings with Parties. The LHC shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligationsGuaranteed Obligations, in such manner as the LHC shall reasonably decide, and accordingly each Guarantor grants to the LHC full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as the LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this GuarantyGuaranteed Obligations, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty Guaranteed Obligations in whole or in part; vary, exchange, release or discharge, wholly or partially partially, the Borrower or any general partner/managing member or any other guarantor or obligor of the obligations under this GuarantyGuaranteed Obligations, and compromise or make any settlement or other arrangement with the Borrower, any general partner and/or partner/managing member and/or any other guarantor, and if the obligations under this Guaranty Guaranteed Obligations are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guarantors’ obligations under this GuarantyGuaranteed Obligations.

Dealings with Parties. LHC OCD shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligations, in such manner as LHC OCD shall reasonably decide, and accordingly each Guarantor grants to LHC OCD full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member partner at such times, in such amounts and on such terms as LHC OCD may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially the Borrower or any general partner/managing member partner or any other guarantor or obligor of the obligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner and/or managing member and/or any other guarantor, and if the obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guarantors’ obligations under this Guaranty.

Dealings with Parties. LHC The Issuer and the Fiscal Agent shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantorsany Guarantor, the Borrower Owner and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligationsGuarantors’ obligations under this Guaranty, in such manner as LHC the Issuer and the Fiscal Agent shall reasonably decide, and accordingly each Guarantor grants to LHC the Issuer and the Fiscal Agent full authority, in its their sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower Owner or any general partner/managing partner or member at such times, in such amounts and on such terms as LHC the Issuer may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially partially, the Borrower Owner or any general partner/managing partner or member or any other guarantor or obligor of the obligations under this Guaranty, and compromise or make any settlement or other arrangement with the BorrowerOwner, any general partner and/or managing or member and/or any other guarantor, and if the obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guarantors’ obligations under this Guaranty. With respect to any guarantor or indemnitor, the provisions of this Section 3.8 are intended to apply to such guarantor or indemnitor in its capacity as such and nothing in this Section 3.8 is intended to constitute a waiver of any notice rights afforded to such Guarantor under the Loan Documents, or any other document entered into in connection with the Project Loan and Bridge Loan.

Dealings with Parties. LHC The Issuer shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower Owner and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligationsGuarantors’ obligations under this Guaranty, in such manner as LHC the Issuer shall reasonably decide, and accordingly each Guarantor grants the Guarantors grant to LHC the Issuer full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower Owner or any general partner/managing member partner of the Owner or the Guarantors at such times, in such amounts and on such terms as LHC the Issuer may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially partially, the Borrower Owner or any general partner/managing member partner of the Owner or the Guarantors or any other guarantor or obligor of the obligations under this Guaranty, and compromise or make any settlement or other arrangement with the BorrowerOwner, any general partner and/or managing member of the Owner or the Guarantors and/or any other guarantor, and if the obligations under this Guaranty are now or hereafter secured, exchangeexchanged, substitute substituted or release released in part or in full of all of the security given for the payment and performance of any of the Guarantors’ obligations under this Guaranty. With respect to any guarantor or indemnitor, the provisions of this Section 3.8 are intended to apply to such guarantor or indemnitor in its capacity as Guarantor and nothing in this Section 3.8 is intended to constitute a waiver of any rights afforded to such Guarantor under the Loan Documents or any other document entered into in connection with the Loans.

Dealings with Parties. LHC shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the guaranteed obligations, in such manner as LHC shall reasonably decide, and accordingly each Guarantor grants to LHC full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future obligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially the Borrower or any general partner/managing member or any other guarantor or obligor of the obligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner and/or managing member and/or any other guarantor, and if the obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guarantors’ obligations under this Guaranty.. DRAFT