No Reduction or Release Sample Clauses

No Reduction or Release. The liability of the Guarantor under this deed of guarantee is not affected by any act, omission, matter or thing that would otherwise operate in law or in equity to reduce or release or otherwise exonerate the Guarantor from its obligations in whole or in part, including (without limitation) any of the following, whether with or without the consent of the Guarantor:

No Reduction or Release. The liability of the Guarantor under this guarantee is not affected by any act, omission, matter or thing that would otherwise operate in law or in equity to reduce or release or otherwise exonerate the Guarantor from its obligations in whole or in part, including (without limitation) any of the following, whether with or without the consent of the Guarantor: (a) The grant to the Franchisee or any other person of any time, waiver or other indulgence, or the discharge or release of the Franchisee or any other person from any liability or obligation. (b) Any transaction or arrangement that may take place between any of MLC Advice and the Franchisee or any other person. (c) The Franchisee or any other person being or becoming subject to or under threat of official management, compromise, arrangement, merger, amalgamation, reconstruction, winding up, dissolution, any scheme or arrangement for the benefit of creditors or any arrangement or compromise with creditors. (d) MLC Advice exercising or refraining from exercising any rights under any other security or any rights, powers or remedies against the Franchisee or any other person. (e) The amendment, replacement, extinguishment, unenforceability, failure, loss, release, discharge, abandonment or transfer either in whole or in part and either with or without consideration of any security now or in the future held by MLC Advice from the Franchisee or any other person or by the taking of or failure to take any security. (f) The failure or omission or any delay by MLC Advice or the Franchisee to notify the Guarantor of any default by the Franchisee or any other person under the Agreements. (g) Any legal limitation, disability, incapacity or other circumstances related to the Franchisee or any other person. (h) The occurrence of any event which constitutes a breach of, or is declared to be an event of default (however described) by, any of the Agreements. (i) Any laches, acquiescence or other act, neglect, default, omission or mistake by MLC Advice.

No Reduction or Release. The Liability of the Guarantor and the rights of Council under this deed will not be affected by any act, omission, matter or thing that would otherwise operate in law or in equity to reduce or release the Guarantor from Liability under this deed. Without limiting the generality of the foregoing, the Guarantor's Liability will not be affected by: (a) the granting by Council to the Developer of time, waiver, indulgence or concession or the making of any composition or compromise with the Developer; (b) Council forbearing to enforce or neglecting to exercise any right against the (c) any laches, acquiescence or other act, neglect, default, omission or mistake by (d) any variation of any of the Obligations or of the Deed, made either with or without the knowledge of the Guarantor; (e) the loss or release of any security or any variation in the order of priorities relating to that security;

No Reduction or Release. The mere purchase and existence of insurance does not reduce or release either Party from any liability incurred or assumed under this Agreement. FORCE MAJEURE 17.1 If a Party is rendered unable by an event of Force Majeure to perform in whole or in part any obligation or condition of this Agreement (the “Affected Party”), it shall not be liable to the other Party to perform such obligation or condition (except for payment and indemnification obligations) for so long as the event of Force Majeure exists and to the extent that performance is hindered by such event of Force Majeure; provided, however, that the Affected Party shall use any commercially reasonable efforts to avoid or remove the event of Force Majeure. During the period that performance by the Affected Party of a part or whole of its obligations has been suspended by reason of an event of Force Majeure, the other Party (the “Non-Affected Party”) likewise may suspend the performance of all or a part of its obligations to the extent that such suspension is commercially reasonable, except for any payment and indemnification obligations. The Parties acknowledge that if, as a result of a Force Majeure, the Company were to suspend its receipt and/or

No Reduction or Release. The liability of the Guarantor under this Deed will not be affected by any act, omission, matter or thing that would otherwise operate in law or in equity to reduce or release the Guarantor from that liability. Without limitation, that liability will not be affected by: the granting by the Commonwealth to the Contractor of time, waiver, indulgence or concession or the making of any composition or compromise with the Contractor; the Commonwealth forbearing to enforce or neglecting to exercise any right against the Contractor; any laches, acquiescence or other act, neglect, default, omission or mistake by the Commonwealth; any variation of any of the obligations and liabilities under the Contract, made either with or without the knowledge of the Guarantor; the release of any of the obligations and liabilities under the Contract; or any failure by the Commonwealth to disclose to the Guarantor any fact, circumstance or event relating to the Contractor at any time prior to or during the currency of this Deed.