Common use of NON-WAIVER BY PIMSA Clause in Contracts

NON-WAIVER BY PIMSA. The liability of GUARANTOR under this Guaranty shall not be affected by the insolvency of COMPANY or PIMSA, at any time or by the acceptance by PIMSA of security, notes, acceptance, drafts or checks or by assignment, foreclosure or other dispositions thereof by PIMSA, at any time, or by PIMSA presenting or proving for allowance any secured or unsecured claim or demand or by PIMSA's acceptance of any composition, plan of reorganization, settlement, compromise, dividend, payment or distributions; and GUARANTOR shall not be entitled to claim any right in or benefit by reason of, any such composition, plan of reorganization, settlement, compromise, dividend, payment or distribution, or in or by reason of any security held by PIMSA, or the proceeds or other disposition thereof; unless and until all of said obligations, liabilities and indebtedness, together with interest, attorneys' fees and costs due to PIMSA under this Guaranty or under the Lease Agreement, shall have been paid in full. Nothing contained in this Agreement shall alter any of the rights or remedies of PIMSA against COMPANY. GUARANTOR authorizes PIMSA, without notice or demand and without affecting the liability of GUARANTOR hereunder, from time to time to:

NON-WAIVER BY PIMSA. The liability of GUARANTOR under this Guaranty shall not be affected by the insolvency of COMPANY or PIMSA, at any time or by the acceptance by PIMSA of security, notes, acceptance, drafts or checks or by assignment, foreclosure or other dispositions thereof by PIMSA, at any time, or by PIMSA presenting or proving for allowance any secured or unsecured claim or demand or by PIMSA's ’s acceptance of any composition, plan of reorganization, settlement, compromise, dividend, payment or distributions; and GUARANTOR shall not be entitled to claim any right in or benefit by reason of, any such composition, plan of reorganization, settlement, compromise, dividend, payment or distribution, or in or by reason of any security held by PIMSA, or the proceeds or other disposition thereof; unless and until all of said obligations, liabilities and indebtedness, together with interest, attorneys' ’ fees and costs due to PIMSA under this Guaranty or under the Lease Agreement, shall have been paid in full. Nothing contained in this Agreement shall alter any of the rights or remedies of PIMSA against COMPANY. GUARANTOR authorizes PIMSA, without notice or demand and without affecting the liability of GUARANTOR hereunder, from time to time to:

NON-WAIVER BY PIMSA. The liability of GUARANTOR under this Guaranty shall not be affected by the insolvency of COMPANY or PIMSA, at any time or by the acceptance by PIMSA of security, notes, acceptance, drafts or checks or by assignment, foreclosure or other dispositions thereof by PIMSA, at any time, or by PIMSA presenting or proving for allowance any secured or unsecured claim or demand or by PIMSA's ’s acceptance of any composition, plan of reorganization, settlement, compromise, dividend, payment or distributions; and GUARANTOR shall not be entitled to claim any right in or benefit by reason of, any such composition, plan of reorganization, settlement, compromise, dividend, payment or distribution, or in or by reason of any security held by PIMSA, or the proceeds or other disposition thereof; unless and until all of said obligations, liabilities and indebtedness, together with interest, attorneys' fees and costs due to PIMSA under this Guaranty or under the Lease Agreement, shall have been paid in full. Nothing contained in this Agreement shall alter any of the rights or remedies of PIMSA against COMPANY. GUARANTOR authorizes PIMSA, without notice or demand and without affecting the liability of GUARANTOR hereunder, from time to time to: