Common use of Obligations of Creditor Not Affected Clause in Contracts

Obligations of Creditor Not Affected. The Creditor agrees that at any time and from time to time, without notice to or the consent of the Creditor, without incurring responsibility to the Creditor, and without impairing or releasing the subordination provided for herein or otherwise impairing the rights of the Collateral Agent and the Senior Lenders hereunder: (i) the time for the Borrower's performance of or compliance with any of its agreements contained in the Loan Documents or the Senior Secured Note Documents may be extended or such performance or compliance may be waived by the applicable Senior Lenders; (ii) the agreements of the Borrower with respect to the Loan Documents and the Senior Secured Note Documents may from time to time be modified by the Borrower and the applicable Senior Lenders for the purpose of adding any requirements thereto or changing in any manner the rights and obligations of the Borrower or the Senior Lenders thereunder; (iii) the manner, place or terms for payment of Senior Debt or any portion thereof may be altered or the terms for payment extended, or the Senior Debt may be renewed in whole or in part, or the principal amount of the Senior Debt may from time to time be increased or decreased; (iv) the maturity of the Senior Debt may be accelerated in accordance with the terms of any present or future agreement by the Borrower and the applicable Senior Lenders; (v) any collateral securing Senior Debt may be sold, exchanged, released or substituted and any Lien in favor of the Collateral Agent or the Senior Lenders may be terminated, subordinated or fail to be perfected or become unperfected; (vi) any Person liable in any manner for Senior Debt may be discharged, released or substituted; and (vii) all other rights against the Borrower, any other Person or with respect to any collateral may be exercised (or the Collateral Agent and the Senior Lenders may waive or refrain from exercising such rights).

Obligations of Creditor Not Affected. The Creditor agrees that at any time and from time to time, without notice to or the consent of the Creditor, without incurring responsibility to the Creditor, and without impairing or releasing the subordination provided for herein or otherwise impairing the rights of the Collateral Agent and the Senior Lenders Lender hereunder: (i) the time for the Borrower's ’s performance of or compliance with any of its agreements contained in the Senior Loan Documents Agreement or the Senior Secured Note Documents any other Loan Document may be extended or such performance or compliance may be waived by the applicable Senior LendersLender; (ii) the agreements of the Borrower with respect to the Senior Loan Documents and the Senior Secured Note Documents may from time to time be modified by the Borrower and the applicable Senior Lenders Lender for the purpose of adding any requirements thereto or changing in any manner the rights and obligations of the Borrower or the Senior Lenders and Lender thereunder; (iii) the manner, place or terms for payment of Senior Debt or any portion thereof may be altered or the terms for payment extended, or the Senior Debt may be increased or renewed in whole or in part, or the principal amount of the Senior Debt may from time to time be increased or decreased; (iv) the maturity of the Senior Debt may be accelerated in accordance with the terms of any present or future agreement by the Borrower and the applicable Senior LendersLender; (v) any collateral securing Senior Debt may be sold, exchanged, released or substituted and any Lien in favor of the Collateral Agent or the Senior Lenders Lender may be terminated, subordinated or fail to be perfected or become unperfected; (vi) any Person person or entity liable in any manner for Senior Debt may be discharged, released or substituted; and (vii) all other rights against the Borrower, any other Person person or entity or with respect to any collateral may be exercised (or the Collateral Agent and the Senior Lenders Lender may waive or refrain from exercising such rights).

Obligations of Creditor Not Affected. The Creditor agrees that at any time and from time to time, without notice to or the consent of the Creditor, without incurring responsibility to the Creditor, and without impairing or releasing the subordination provided for herein or otherwise impairing the rights of the Collateral Agent and the Senior Lenders Banks hereunder: (i) the time for the Borrower's performance of or compliance with any of its agreements contained in the Loan Documents or the Senior Secured Note Documents may be extended or such performance or compliance may be waived by the applicable Senior LendersAgent and the Banks in accordance with the Loan Documents; (ii) the agreements of the Borrower with respect to the Loan Documents and the Senior Secured Note Documents may from time to time be modified by the Borrower Borrower, the Banks and the applicable Senior Lenders Agent in accordance with the Loan Documents for the purpose of adding any requirements thereto or changing in any manner the rights and obligations of the Borrower Borrower, the Banks or the Senior Lenders Agent thereunder; (iii) the manner, place or terms for payment of Senior Debt or any portion thereof may be altered or the terms for payment extended, or the Senior Debt may be renewed in whole or in part, or the principal amount of the Senior Debt may from time to time be increased or decreased; (iv) the maturity of the Senior Debt may be accelerated in accordance with the terms of any present or future agreement by the Borrower Borrower, the Agent and the applicable Senior LendersBanks; (v) any collateral securing Senior Debt may be sold, exchanged, released or substituted and any Lien in favor of the Collateral Agent or the Senior Lenders Banks may be terminated, subordinated or fail to be perfected or become unperfected; (vi) any Person liable in any manner for Senior Debt may be discharged, released or substituted; and (vii) all other rights against the Borrower, any other Person or with respect to any collateral may be exercised (or the Collateral Agent and the Senior Lenders Banks may waive or refrain from exercising such rights).