EFFECT OF EXTENSIONS AND MODIFICATIONS. Agent may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, or release, any of the Collateral, without thereby incurring responsibility to, or discharging or otherwise affecting any liability of, any Companies or any other obligor.
Appears in 4 contracts
Samples: Security Agreement (Marketing Specialists Corp), Security Agreement (Merkert American Corp), Security Agreement (Marketing Specialists Corp)
