Common use of POWER TO MODIFY, ETC Clause in Contracts

POWER TO MODIFY, ETC. Pennsylvania Company and each Holder of Subordinated Indebtedness grants, to the extent permitted by applicable law that cannot be waived, the Managing Agents and the Lenders full power, in their sole discretion, without notice to or consent by any Holder of Subordinated Indebtedness and without in any way affecting the subordination of the Subordinated Indebtedness provided in this Agreement: 5.3.1. To waive any Default or Event of Default, or compliance with, and to consent to any amendment, change or modification of any terms of, the Credit Agreement, any other Credit Documents, the Credit Security, the Credit Obligations or any guarantee thereof (each as from time to time in effect); 5.3.2. To grant one or more extensions or renewals of the Credit Obligations (for any period, no matter how long), and any other indulgence with respect thereto and to effect any total or partial release (by operation of law or otherwise), discharge, compromise or settlement with respect to the obligations of any Obligor in respect of the Credit Obligations, whether or not rights against such Obligor under this Agreement are reserved in connection therewith; 5.3.3. To take security in any form for the Credit Obligations and to consent to the addition to or the substitution, exchange, release, failure to perfect or any other disposition of, and to deal in any other manner with, to the extent permitted by applicable law that cannot be waived, all or part of any property which may from time to time secure the Credit Obligations whether or not the property, if any, received upon the exercise of such power shall be of a character or value the same as or different from the character or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Credit Obligations and to proceed against any of the Credit Security or such guarantees in any order; 5.3.4. To extend credit under the Credit Agreement or any other Credit Document, or otherwise, in such amount as the Lenders may determine, whether for a greater or lesser amount than is presently in effect, even though the financial condition of the Company and its Subsidiaries may have deteriorated since the date hereof; and 5.3.5. To collect or liquidate any of the Credit Obligations or the Credit Security in any manner or to refrain from collecting or liquidating any of the Credit Obligations or the Credit Security.

POWER TO MODIFY, ETC. Pennsylvania Company and each Holder of Subordinated Indebtedness grants, Except to the extent permitted prohibited by the provisions of applicable law that cannot be waived, the Managing Agents Pledgor grants the Agent and the Lenders full power, in their sole discretion, without notice to or consent by any Holder of Subordinated Indebtedness and without in any way affecting the subordination of the Subordinated Indebtedness provided in this Agreement: 5.3.1. 4.2.1 To waive compliance with any Default or Event of Default, or compliance withunder, and to consent to any amendment, amendment or change or modification of any terms of, of the Credit Agreement, any other Credit the Loan Documents, the Credit Security, the Credit Obligations or any guarantee thereof (each as from time to time in effect); 5.3.2. 4.2.2 To grant one or more extensions or renewals of the Credit Obligations (for any period, no matter how long), and any other indulgence with respect thereto and to effect any total or partial release (by operation of law or otherwise), discharge, compromise or settlement with respect to the obligations of any Obligor the Pledgor in respect of the Credit Obligations, whether or not rights against such Obligor the Pledgor under this Agreement are reserved in connection therewith; 5.3.3. 4.2.3 To take security in any form for the Credit Obligations and to consent to the addition to or the substitution, exchange, release, failure to perfect or any other disposition of, and to deal in any other manner with, to the extent permitted by applicable law that cannot be waived, all or part of any property which may from time to time secure the Credit Obligations whether or not the property, if any, received upon the exercise of such power shall be of a character or value the same as or different from the character or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Credit Obligations and to proceed against any of the Credit Security Pledged Shares or such guarantees in any order; 5.3.4. 4.2.4 To extend credit under the Credit Agreement Agreement, or any other Credit Document, Loan Documents or otherwise, in such amount as the Lenders may determine, whether for a greater or lesser amount than is presently in effect, even though the financial condition of the Company and Pledgor or any of its Subsidiaries affiliates may have deteriorated since the date hereof; and 5.3.5. 4.2.5 To collect or liquidate any of the Credit Obligations or the Credit Security Pledged Shares in any manner or to refrain from collecting or liquidating any of the Credit Obligations or the Credit SecurityPledged Shares.

POWER TO MODIFY, ETC. Pennsylvania Each Parent Company and each Holder of Subordinated Indebtedness grants, to the extent permitted by applicable law that cannot be waived, the Managing Agents and the Lenders Purchasers full power, in their sole discretion, without notice to or consent by any Holder of Subordinated Indebtedness and without in any way affecting the subordination of the Subordinated Indebtedness provided in this Agreement:. 5.3.1. 7.3.1 To waive compliance with any Default or Event of Default, or compliance withDefault under, and to consent to any amendment, amendment or change or modification of any terms of, the Credit Agreement, any other Credit Documents, Note Agreement or the Credit Security, the Credit Obligations or any guarantee thereof Guaranty Agreement (each as from time to time in effect); 5.3.2. 7.3.2 To grant one or more extensions or renewals of the Credit Obligations (for any period, no matter how long), and any other indulgence with respect thereto and to effect any total or partial release (by operation of law or otherwise), discharge, compromise or settlement with respect to the obligations of any Obligor the Obligors in respect of the Credit Obligations, whether or not rights against such Obligor the Obligors under this Agreement are reserved in connection therewith; 5.3.3. 7.3.3 To take security in any form for the Credit Obligations and to consent to the addition to or the substitution, exchange, release, failure to perfect or any other disposition of, and to deal in any other manner with, to the extent permitted by applicable law that cannot be waived, all or part of any property which may from time to time secure the Credit Obligations whether or not the property, if any, received upon the exercise of such power shall be of a character or value the same as or different from the character or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Credit Obligations and to proceed against any of the Credit Security or such guarantees in any order; 5.3.4. To extend credit under the Credit Agreement or any other Credit Document, or otherwise, in such amount as the Lenders may determine, whether for a greater or lesser amount than is presently in effect, even though the financial condition of the Company and its Subsidiaries may have deteriorated since the date hereof; and 5.3.5. 7.3.4 To collect or liquidate any of the Credit Obligations or the Credit Security in any manner or to refrain from collecting or liquidating any of the Credit Obligations or the Credit SecurityObligations.

POWER TO MODIFY, ETC. Pennsylvania Company AFC and each Holder of Subordinated Indebtedness grants, to the extent permitted by applicable law that cannot be waived, the Managing Agents and the Lenders full power, in their sole discretion, without notice to or consent by any Holder of Subordinated Indebtedness and without in any way affecting the subordination of the Subordinated Indebtedness provided in this Agreement: 5.3.110..3..1. To waive any Default or Event of Default, or compliance with, and to consent to any amendment, change or modification of any terms of, the Credit Agreement, any other Credit Documents, the Credit Security, the Credit Obligations or any guarantee thereof (each as from time to time in effect); 5.3.210..3..2. To grant one or more extensions or renewals of the Credit Obligations (for any period, no matter how long), and any other indulgence with respect thereto and to effect any total or partial release (by operation of law or otherwise), discharge, compromise or settlement with respect to the obligations of any the Obligor in respect of the Credit Obligations, whether or not rights against such the Obligor under this Agreement are reserved in connection therewith; 5.3.310..3..3. To take security in any form for the Credit Obligations and to consent to the addition to or the substitution, exchange, release, failure to perfect or any other disposition of, and to deal in any other manner with, to the extent permitted by applicable law that cannot be waived, all or part of any property which may from time to time secure the Credit Obligations whether or not the property, if any, received upon the exercise of such power shall be of a character or value the same as or different from the character or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Credit Obligations and to proceed against any of the Credit Security or such guarantees in any order; 5.3.410..3..4. To extend credit under the Credit Agreement or any other Credit Document, or otherwise, in such amount as the Lenders may determine, whether for a greater or lesser amount than is presently in effect, even though the financial condition of the Company and its Subsidiaries may have deteriorated since the date hereof; and 5.3.510..3..5. To collect or liquidate any of the Credit Obligations or the Credit Security in any manner or to refrain from collecting or liquidating any of the Credit Obligations or the Credit Security.