Common use of No Conditions Precedent to Exercise of Remedies Clause in Contracts

No Conditions Precedent to Exercise of Remedies. The Borrowers ----------------------------------------------- shall not be relieved of any obligation by reason of the failure of the Bank to comply with any request of any Borrower or of any other person to take action to sell any of the Collateral, or otherwise to enforce any provision of the Financing Documents, or by reason of the release, regardless of consideration, of all or any part of the Collateral or other security for the Borrowers' Obligations, or by reason of any agreement or stipulation between any subsequent owner of the Collateral or other security for the Borrowers' Obligations, or the Bank extending the time of payment or modifying the terms of the Financing Documents without first having obtained the consent of any Borrower; and in the latter event, the Borrowers shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the Bank.

No Conditions Precedent to Exercise of Remedies. The Borrowers ----------------------------------------------- Debtor shall not be relieved of any obligation by reason of the failure of the Bank to comply with any request of any Borrower the Debtor or of any other person to take action Person, to sell any portion of the Collateral, or otherwise to enforce any provision of the Financing Documents, or by reason of the release, regardless of consideration, of all or any part of the Collateral Collateral, or other security for the Borrowers' Debtor's Obligations or the Borrower's Obligations, or by reason of any agreement or stipulation between any subsequent owner of the Collateral or other security for the Borrowers' Debtor's Obligations or the Borrower's Obligations, or the Bank extending the time of payment or modifying the terms of the Financing Documents without first having obtained the consent of any Borrowerthe Debtor; and in the latter event, the Borrowers Debtor shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the Bank.

No Conditions Precedent to Exercise of Remedies. The Borrowers ----------------------------------------------- shall not be relieved of any obligation by reason of the failure of the Bank to comply with any request of any Borrower the Borrowers or of any other person to take action person, to sell any portion of the Collateral, or otherwise to enforce any provision of the Financing Documents, or by reason of the release, regardless of consideration, of all or any part of the Collateral Collateral, or other security for the Borrowers' Obligations, or by reason of any agreement or stipulation between any subsequent owner of the Collateral or other security for the Borrowers' Obligations, or the Bank extending the time of payment or modifying the terms of the Financing Documents without first having obtained the consent of any Borrowerthe Borrowers; and in the latter event, the Borrowers shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the Bank.