MODIFICATION AND INDULGENCE. 16.1 The Bank may, at any time without affecting the security provided to the Bank under this Agreement: (a) determine, vary, modify, restructure, reduce / increase the Facility, in accordance with the provisions in Section 17 below; and/or (b) grant to the Borrower and if the Borrower consists of more than one person, to either of the Borrower any indulgences; and/or (c) grant to the Security Party / other surety any indulgences; and/or (d) deal with, exchange, release, modify / abstain from perfecting / enforcing any securities / other guarantees / rights it may now or from time to time have from / against the Borrower.
Appears in 5 contracts
Samples: Facility Agreement, Facility Agreement, Facility Agreement
