Common use of Guaranteed Parties’ Right to Act Clause in Contracts

Guaranteed Parties’ Right to Act. Each Guaranteed Party has the right to deal with any Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including all modifications, extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Guarantor or any Additional Guarantor and without in any way affecting, relieving, limiting or lessening such Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: (1) grant time, renewals, extensions, indulgences, releases and discharges to any Guarantor; (2) take new or additional security (including other guarantees) from any Guarantor; (3) discharge or partially discharge any or all existing security; (4) elect not to take security from any Guarantor or not to perfect security; (5) cease or refrain from, or continuing to, giving credit or making loans or advances to any Guarantor; (6) accept partial payment or performance from any Guarantor or otherwise waive compliance by any Guarantor with the terms of any of the documents or security; (7) assign any such document or security to any Person or Persons; (8) deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other guarantee for the Guaranteed Obligations; or (9) apply all dividends, compositions and moneys at any time received from any Guarantor or others or from the security upon such part of the Guaranteed Obligations as each Guaranteed Party deems appropriate.

Guaranteed Parties’ Right to Act. Each Guaranteed Party has the right to deal with any Domestic Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including without limitation, all modifications, extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Domestic Guarantor or any Additional Guarantor and without in any way affecting, relieving, limiting or lessening such Domestic Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: (1) grant time, renewals, extensions, indulgences, releases and discharges to any Domestic Guarantor; (2) take new or additional security (including without limitation, other guarantees) from any Domestic Guarantor; (3) discharge or partially discharge any or all existing security; (4) elect not to take security from any Domestic Guarantor or not to perfect security; (5) cease or refrain from, or continuing to, giving credit or making loans or advances to any Domestic Guarantor; (6) accept partial payment or performance from any Domestic Guarantor or otherwise waive compliance by any Domestic Guarantor with the terms of any of the documents or security; (7) assign any such document or security to any Person or Persons; (8) deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other guarantee for the Guaranteed Obligations; or (9) apply all dividends, compositions and moneys at any time received from any Domestic Guarantor or others or from the security upon such part of the Guaranteed Obligations as each Guaranteed Party deems appropriate.

Guaranteed Parties’ Right to Act. Each Guaranteed Party has the right to deal with any Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including all modifications, extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Guarantor or any Additional Guarantor and without in any way affecting, relieving, limiting or lessening such Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: : (1) grant time, renewals, extensions, indulgences, releases and discharges to any Guarantor; ; (2) take new or additional security (including other guarantees) from any Guarantor; ; (3) discharge or partially discharge any or all existing security; ; (4) elect not to take security from any Guarantor or not to perfect security; ; (5) cease or refrain from, or continuing to, giving credit or making loans or advances to any Guarantor; ; (6) accept partial payment or performance from any Guarantor or otherwise waive compliance by any Guarantor with the terms of any of the documents or security; ; (7) assign any such document or security to any Person or Persons; ; (8) deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other guarantee for the Guaranteed Obligations; or or (9) apply all dividends, compositions and moneys at any time received from any Guarantor or others or from the security upon such part of the Guaranteed Obligations as each Guaranteed Party deems appropriate.

Guaranteed Parties’ Right to Act. Each Guaranteed Party has the right to deal with any Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including without limitation, all modifications, extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Guarantor or any Additional Guarantor and without in any way affecting, relieving, limiting or lessening such Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: (1) grant time, renewals, extensions, indulgences, releases and discharges to any Guarantor; (2) take new or additional security (including without limitation, other guarantees) from any Guarantor; (3) discharge or partially discharge any or all existing security; (4) elect not to take security from any Guarantor or not to perfect security; (5) cease or refrain from, or continuing to, giving credit or making loans or advances to any Guarantor; (6) accept partial payment or performance from any Guarantor or otherwise waive compliance by any Guarantor with the terms of any of the documents or security; (7) assign any such document or security to any Person or Persons; (8) deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other guarantee for the Guaranteed Obligations; or (9) apply all dividends, compositions and moneys at any time received from any Guarantor or others or from the security upon such part of the Guaranteed Obligations as each Guaranteed Party deems appropriate.

Guaranteed Parties’ Right to Act. Each Guaranteed Party has the right to deal with any Domestic Guarantor, the documents creating or evidencing the Guaranteed Obligations and the security (or any collateral subject to the security) now or subsequently held by any Guaranteed Party (including without limitation, all modifications, extensions, replacements, amendments, renewals, restatements, and supplements to such documents or security) as such Guaranteed Party may see fit, without notice to any Domestic Guarantor or any Additional Guarantor and without in any way affecting, relieving, limiting or lessening such Domestic Guarantor’s or any Additional Guarantor’s liability under this Guarantee. Without limitation, each Guaranteed Party may: (1) grant time, renewals, extensions, indulgences, releases and discharges to any Domestic Guarantor; (2) take new or additional security (including without limitation, other guarantees) from any Domestic Guarantor; (3) discharge or partially discharge any or all existing security; (4) elect not to take security from any Domestic Guarantor or not to perfect security; (5) cease or refrain from, or continuing to, giving credit or making loans or advances to any Domestic Guarantor; (6) accept partial payment or performance from any Domestic Guarantor or otherwise waive compliance by any Domestic Guarantor with the terms of any of the documents or security; (7) assign any such document or security to any Person person or Personspersons; (8) deal or dispose in any manner (whether commercially reasonably or not) with any security (or any collateral subject to the security) or other guarantee for the Guaranteed Obligations; or (9) apply all dividends, compositions and moneys at any time received from any Domestic Guarantor or others or from the security upon such part of the Guaranteed Obligations as each Guaranteed Party deems appropriate.