Common use of Modification of Obligations Clause in Contracts

Modification of Obligations. The Guarantor hereby consents and agrees that without further notice to or assent from it, the amount of the Obligations, the time of payment of any or all the Obligations may be changed, any other term or condition relating to any or all the Obligations may be changed, the Borrower (or any other Person primarily or secondarily liable for the Obligations, including the Guarantor hereunder) may be discharged from any or all the Obligations, any composition or settlement relating thereto may be consummated and accepted, and that the Guarantor will remain bound upon this Guaranty notwithstanding any or all of the foregoing.

Modification of Obligations. The Each Guarantor hereby consents and agrees that without further notice to or assent from it, the amount of the Obligations, the time of payment of any or all the Obligations may be changed, any other term or condition relating to any or all the Obligations may be changed, the Borrower (or any other Person primarily or secondarily liable for the Obligations, including the any Guarantor hereunder) may be discharged from any or all the Obligations, any composition or settlement relating thereto may be consummated and accepted, and that the each Guarantor will remain bound upon this Guaranty notwithstanding any or all of the foregoing.