Modification of Obligations; Other Security. Except as -------------------------------------------- specifically provided for in the Indenture, 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 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. Debtor authorizes Secured Party, without notice or demand and without any reservation of rights against Debtor and without affecting Debtor's liability hereunder or on the Obligations, from time to time to (x) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured Notes, apply the Collateral in the manner permitted by this Agreement or the Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured Notes, renew, extend for any period, accelerate, 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 Obligations or Collateral.
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Samples: Intercompany Security Agreement (HWCC Shreveport Inc)
Modification of Obligations; Other Security. Except as -------------------------------------------- ------------------------------------------- specifically provided for in the New Indenture, 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 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. Debtor authorizes Secured Party, without notice or demand and without any reservation of rights against Debtor and without affecting Debtor's liability hereunder or on the Obligations, from time to time to (x) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured New Notes, apply the Collateral in the manner permitted by this Agreement or the New Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured New Notes, apply the Collateral in the manner permitted by this Agreement or New Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the New Notes, renew, extend for any period, accelerate, 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 Obligations or Collateral.
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Modification of Obligations; Other Security. Except as -------------------------------------------- ------------------------------------------- specifically provided for in the Indenture, each 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 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 Debtor authorizes Secured Party, without notice or demand and without any reservation of rights against such Debtor and without affecting such Debtor's liability hereunder or on the Obligations, from time to time to (x) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured Notes, apply the Collateral in the manner permitted by this Agreement or the Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured Notes, renew, extend for any period, accelerate, 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 Obligations or Collateral.
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Samples: Security Agreement (HCS Ii Inc)
Modification of Obligations; Other Security. Except as -------------------------------------------- ------------------------------------------- specifically provided for in the New Indenture, 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 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. Debtor authorizes Secured Party, without notice or demand and without any reservation of rights against Debtor and without affecting Debtor's liability hereunder or on the Obligations, from time to time to (x) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured New Notes, apply the Collateral in the manner permitted by this Agreement or the New Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Senior Secured New Notes, renew, extend for any period, accelerate, 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 Obligations or Collateral.
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