Common use of Modification of Obligations; Other Security Clause in Contracts

Modification of Obligations; Other Security. Each Obligor waives (i) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Secured Obligations and (ii) any defense of any Obligor by reason of disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Each Obligor authorizes the Agent, without notice or demand and without any reservation of rights against such Obligor and without affecting such Obligor's liability hereunder or for the Secured Obligations, from time to time to (x) take and hold other property, other than the Collateral, as security for the Secured Obligations, and exchange, enforce, waive and release any or all of the Collateral, (y) apply the Collateral in the manner permitted by this Security Agreement, and (z) renew, extend for any period, shorten the maturity, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Secured Obligations or Collateral.

Modification of Obligations; Other Security. Each Obligor Pledgor waives (i) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Secured Obligations and (ii) any defense of any Obligor by reason of disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Each Obligor Pledgor authorizes the Collateral Agent, without notice or demand and without any reservation of rights against such Obligor Pledgor and without affecting such ObligorPledgor's liability hereunder or for on the Secured Obligations, from time to time to (x) take and hold other property, other than the Collateral, as security for the Secured Obligations, and exchange, enforce, waive and release any or all of the Collateral, (y) apply the Collateral in the manner permitted by this Security Agreement, the Collateral Agency Agreement or the Indenture and (z) renew, extend for any period, shorten the maturityaccelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Secured Obligations or Collateral.

Modification of Obligations; Other Security. Each Obligor Debtor waives (i) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Secured Obligations and (ii) any defense of any Obligor by reason of disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Each Obligor Debtor authorizes the Collateral Agent, without notice or demand and without any reservation of rights against such Obligor Debtor and without affecting such ObligorDebtor's liability hereunder or for on the Secured Obligations, from time to time to (x) take and hold other property, other than the Collateral, as security for the Secured Obligations, and exchange, enforce, waive and release any or all of the Collateral, (y) apply the Collateral in the manner permitted by this Security Agreement, the Collateral Agency Agreement or the Indenture and (z) renew, extend for any period, shorten the maturityaccelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Secured Obligations or Collateral.

Modification of Obligations; Other Security. Each Obligor Debtor waives (ia) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Secured Obligations and (iib) any defense of any Obligor by reason of disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Each Obligor authorizes the AgentThe Debtors authorize Lender, without notice or demand and without any reservation of rights against such Obligor the Debtors and without affecting such Obligor's the Debtors’ liability hereunder or for on the Secured Obligations, from time to time to (xi) take and hold other propertyproperty of the Debtors, other than the Collateral, as security for the Secured Obligations, and exchange, enforce, waive and release any or all of the Collateral, (yii) apply the Collateral in the manner permitted by this Security Agreement, any Loan Document and (ziii) renew, extend for any period, shorten the maturityaccelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Secured Obligations or Collateral.

Modification of Obligations; Other Security. Each Obligor Debtor waives (i) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Secured Obligations and (ii) any defense of any Obligor by reason of disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Each Obligor Debtor authorizes the AgentSecured Party, without notice or demand and without any reservation of rights against such Obligor Debtor and without affecting such ObligorDebtor's liability hereunder or for on the Secured Obligations, from time to time to (x) take and hold other property, other than the Collateral, as security for the Secured Obligations, and exchange, enforce, waive and release any or all of the Collateral, (y) apply the Collateral in the manner permitted by this Security Agreement, Agreement and (z) renew, extend for any period, shorten the maturity, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Secured Obligations or Collateral.